Industrial/Agriculture Warehouse on Large
For Sale
$2,750,000
34135 CARDINAL Ln, Eustis, FL 32736
25,000 SF warehouse on 8 acres near major highways.
Property Size25,000 SF
Lot Size8.00 Acres
Price / SF$110
Days on Market144
Property Features for 34135 CARDINAL Ln
General Information
Standard status
Active
Size
25,000 SF
Lot size
8.00 Acres
Property subtype
Industrial
Building Details
Year Built
1990
Listing Agency:
Engel & Völkers New Smyrna Beach
(407) 448-2733
Listed By:
Steve Fusilier · License #SL3236442
(407) 448-2733
Source:
Elliman
Added: Mar 10
Changed: Jul 6
Last Checked: Jul 31 at 11:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Völkers New Smyrna Beach
Investment Insights
Based on property information with market context.
This property features a 25,000 SF warehouse situated on approximately 8 acres, including 2 acres of paved area. The warehouse offers 20,000 SF of warehouse space and 5,000 SF of office space. It is zoned PD - AG, permitting Agriculture Uses and LIMITED Industrial Uses. The warehouse includes 8 dock-high doors with 12' roll-up doors and 4 drive-in doors also with 12' roll-up doors. It has a 19' clear height with 50' column spacing and block construction. The office space is equipped with multiple private offices, a large open workspace, 2 conference rooms, a reception area, a kitchen, and 4 bathrooms. The location provides quick access to Hwy 429, Hwy 44, and the upcoming Round Lake Rd Extension. It is also in close proximity to I-4 (less than 16 miles), the Turnpike (less than 25 miles), Orlando (less than 35 miles), and Disney (less than 41 miles).
Key Highlights
- 25,000 SF warehouse on +/-8 acres with 2 acres of paved area.
- Zoned PD - AG allowing Agriculture Uses and LIMITED Industrial Uses.
- 20,000 SF of warehouse space and 5,000 SF of office space.**
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $219.0k | $8.76 |
| − Vacancy | −$19.5k | −$0.78 |
| EGI | $199.5k | $7.98 |
| − OpEx | −$29.9k | −$1.20 |
| NOI | $169.6k | $6.78 |
25,000 SF · lease $8.76/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Office B
$5.34M
$4.67M – $6.23M
NOI $373,500 @ 7.0% cap · market cap 13.58%
Second Best
Warehouse
$2.42M
$2.12M – $2.83M
NOI $169,583 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$7.11M
$6.23M – $8.30M
NOI $498,000 @ 7.0% cap · market cap 18.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32736, FL
11,412
Population
4,445
Households
2.6
Avg Household Size
46
Median Age
22%
College-Educated
90%
High-School Grad
109.1 sq mi
ZIP Area
105
Density / Sq Mi
$83,727
Median Household Income
$46,408
Median Earnings
$1,136
Median Rent
$352,100
Median Home Value
Market
Properties on Market for Warehouses in Lake County
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 25,000 SF warehouse on 8 acres near major highways.
Where is this warehouse located?
The property is located at 34135 CARDINAL Ln Eustis, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 25,000 SF warehouse on +/-8 acres with 2 acres of paved area.; Zoned PD - AG allowing Agriculture Uses and LIMITED Industrial Uses.; 20,000 SF of warehouse space and 5,000 SF of office space.**
