Eustis Professional/Medical Office Building

633 N BAY STREET, Eustis, FL 32726

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For Sale

$350,000

2,004 SF professional/medical office building in Eustis, Florida.

Type:Commercial/Industrial

Property size:

2,004 SF

Lot size:

0.41 Acres

Price / SF:

$174/SF

HighLights

Prime location directly across from Eustis Community Center and park with views of Lake Eustis.
Easy access and excellent visibility for professional/medical office use.
Ample parking available.
Conveniently located less than an hour from Orlando and The Villages.
Minutes from historic downtown Eustis.
2,004 +/- SF professional/medical office building.

We can help!

Contact an agent

Daniel Tatro

For Sale

$350,000

2,004 SF professional/medical office building in Eustis, Florida.

Type:Commercial/Industrial

Property size:

2,004 SF

Lot size:

0.41 Acres

Price / SF:

$174/SF

Added:: Feb 14, 2025
Days on Market:: 508
Last Refresh:: Apr 5 at 9:32 pm

Property Features for 633 N BAY STREET

General Information

Standard status: Active
Size: 2,004 SF
Lot size: 0.41 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1950

We can help!

Contact an agent

Daniel Tatro

Listing office GRIZZARD COMMERCIAL REALESTATE

Listing date Feb 14, 2025

Source Exitrealty

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 GRIZZARD COMMERCIAL REALESTATE

HighLights

Prime location directly across from Eustis Community Center and park with views of Lake Eustis.
Easy access and excellent visibility for professional/medical office use.
Ample parking available.
Conveniently located less than an hour from Orlando and The Villages.
Minutes from historic downtown Eustis.
2,004 +/- SF professional/medical office building.

Overview

This 2,004+/- SF professional/medical office building is located in Eustis, Florida. The property offers easy access, ample parking, and good visibility. It is situated directly across from the Eustis Community Center and park, providing views of Lake Eustis. The location is less than an hour from Orlando and The Villages, and minutes from historic downtown Eustis. This property is suitable for professional or medical office use.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$48.1k	$24.00
− Vacancy	−$8.2k	−$4.08
EGI	$39.9k	$19.92
− OpEx	−$10.0k	−$4.98
NOI	$29.9k	$14.94

2,004 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$427.7K

$374.3K – $499.0K (±1% cap)

NOI $29,940 @ 7.0% cap · market cap 8.55%

Second Best

Healthcare Medical

$408.1K

$357.1K – $476.2K (±1% cap)

NOI $28,569 @ 7.0% cap · market cap 8.16%

Theoretical Best

Office A

$570.3K

$499.0K – $665.3K (±1% cap)

NOI $39,920 @ 7.0% cap · market cap 11.41%

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

Property Profile Location Intelligence

Current Use by Public Records

Cooke John w ... Physician Akers Lori Physician

Suggested Use

Location Insight

Map
Local Demand

City: Eustis
County: Lake
State: Florida
Longitude: -81.6854
Latitude: 28.859

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For sale
Medical Office Space
FL
Eustis
32726
633 N BAY STREET

What type of property is this?

Medical Office Space - 2,004 SF professional/medical office building in Eustis, Florida.

Where is this medical office space located?

The property is located at 633 N BAY STREET Eustis, FL.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Prime location directly across from Eustis Community Center and park with views of Lake Eustis.; Easy access and excellent visibility for professional/medical office use.; Ample parking available.