Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    24 E Magnolia Ave, Unit 5 Eustis, FL 32726

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $48,000

    Turn-key space in Eustis Market, suitable for brew pubs.

    Lot size:
    0.10 Acres

    Property Features for 24 E Magnolia Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.10 Acres

    Building Details

    Year built
    1955

    We can help!

    Listing Contact
    Daniel Tatro
    Source: Elliman

    Listing Agency: GRIZZARD COMMERCIAL REALESTATE Listing Agent: Daniel Tatro

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Eustis Market Turn-Key Space

    Located in the heart of historic downtown Eustis, just one block from Ferran Park on Lake Eustis and the Harris Chain of Lakes, the Eustis Market offers a turn-key space suitable for brew pubs, tap-rooms, local breweries, or vintners. The available space is 1,000+/- SF with a custom bar and all furniture, fixtures, and equipment, plus an additional 1,000+/- sf with 3 private offices, restroom, and storage. The landlord is willing to transfer the food and wine license. The charming "Eustis Market" is a collection of local vendors offering an exceptional local taste of Eustis and Central Florida. The unique lakefront city of Eustis is a quiet and charming town with a vibrant community and is known as 'America's Hometown.' The downtown area offers a variety of unique and busy establishments, amenities, and shopping. The lease rate is $4,000 per month, with quarterly CAM fees of $350. The space can be available in 30 days. The Eustis Market is looking for an anchor.
    Location Intelligence

    Current Use by Public Records

    Awwal Curry House ... Restaurant All Mac Matters Restaurant Tacos de oro Restaurant Boba Baby! _ Specialtea Cafe & Coffee Shop Taste Of Lebanon Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Pinesmoke Bee Co., Chris Bar, That Place, The Crooked Fork

    Location Insight

    • Map
    • Local Demand
    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -81.6850582
    Latitude
    28.8533473

    Nearby Similar for Lease

    • $9 SF/Yr
      26,776 SF

      EUSTIS Retail Space For Lease

      28,081 SF retail space available for lease.
      349 Plaza Dr, Eustis, FL 32726
      View Details
    • $2,132 /Mo
      1,650 SF

      EUSTIS Warehouse Unit For Lease

      1,650 SF commercial warehouse unit with office, available October 1st.
      2750 Dillard Rd, Eustis, FL 32726
      View Details
    • $2,250 /Mo
      1,650 SF

      EUSTIS Warehouse with Office Space

      1,650 SF commercial warehouse unit with office, available September 1st.
      2750 Dillard Rd, Eustis, FL 32726
      View Details
    • Contact for pricing

      Inviting Retail/Medical Space in Eustis

      Versatile retail/medical space in a prime Eustis location.
      2 N Eustis St, Eustis, FL 32726
      View Details
    • $24,000

      Eustis Commercial Space For Rent

      Commercial space with offices, showroom, parking, and fenced lot.
      2044 Orange Ave, Eustis, FL 32726
      View Details
    • Contact for pricing
      2,572 SF

      Former Restaurant Space Available

      2,572 SF former restaurant space for lease.
      1901 Highway 19 N, Eustis, FL 32726
      View Details
    • $30,000

      Eustis Commercial Space For Rent

      Flexible commercial space with showroom, offices, and fenced lot.
      2044 Orange Ave, Eustis, FL 32726
      View Details
    • Contact for pricing

      Retail Space in Eustis, Florida

      Retail property at a prominent intersection near major retailers.
      2864 David Walker Dr, Eustis, FL 32726
      View Details
    • $48,000

      Eustis Office Space For Rent

      Office space available for lease in Eustis, Florida.
      24 E Magnolia Ave, Eustis, FL 32726
      View Details
    • Contact for pricing

      Former Restaurant Space For Lease

      2,572 SF former restaurant space available for lease.
      1901 Florida 19, Eustis, FL 32726
      View Details
    • Contact for pricing
      6,000 SF

      Eustis Retail Space For Lease

      Retail space available in high-traffic Eustis shopping center.
      2830-2840 S Bay St, Eustis, FL 32726
      View Details
    • Contact for pricing
      1,000 SF

      Eustis Retail Space For Lease

      Retail space available in Lake Hills Plaza, Eustis, Florida.
      2800-2812 S Bay St, Eustis, FL 32726
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Turn-key space in Eustis Market, suitable for brew pubs.
    Where is this bar & pub located?
    The property is located at 24 E Magnolia Ave, Unit 5 Eustis, FL.
    What is the lease rate?
    The lease rate is $48,000.
    What are key features of this property?
    This property features: - Turn-key 1,000+\/- SF space with custom bar and all FF&E; - Additional 1,000+\/- SF with 3 private offices, restroom, and storage.; - Landlord willing to transfer food and wine license.
    (352) 396-9136
    Request Owner's contact information
    24 E Magnolia Ave, Unit 5 Eustis, FL 32726
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    24 E Magnolia Ave, Unit 5
    Eustis, FL 32726
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24 E Magnolia Ave, Unit 5 Eustis, FL 32726
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Daniel Tatro
    Real Estate License ID: 3190991
    (352) 396-9136 (352) 787-6966
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!