Medical Office with Reception
For Sale
$450,000
1318 S EUSTIS Street, Eustis, FL 32726
Commercial Sale, EUSTIS, FL
Property Size1,950 SF
Lot Size0.30 Acres
Price / SF$230.77
Days on Market250
Property Features for 1318 S EUSTIS Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
RT
Subdivision
EUSTIS BISHOPS SUB
Directions
From West bound US-441, head west on US-441 N. Slight right to merge onto FL-19 N/S Bay St. toward Eustis/Umatilla. Then turn right onto E Atwater Ave, and finally turn left onto S Eustis St and your destination will be on the left.
Standard status
Active
APN
14-19-26-0400-016-00502
Size
1,950 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
EUSTIS BISHOP'S SUB PB 2 PG 4 THE EAST 90 FEET OF LOTS 5 & 6 AND LOTS 7 & 8--LESS W 25 FT--BLK 16 ORB 2185 PG 1393
Tax Annual Amount
6251
Legal Description
EUSTIS BISHOP'S SUB PB 2 PG 4 THE EAST 90 FEET OF LOTS 5 & 6 AND LOTS 7 & 8--LESS W 25 FT--BLK 16 ORB 2185 PG 1393
Utilities
Cooling system
Central Air
Building Details
Year built
1995
Floors in Building
1
Building materials
Block, Stucco
Roof type
Metal
Additional Structures
Storage
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Meredith Findley · License #3638884
(352) 217-4724
Added: Feb 24
Changed: Oct 16
Last Checked: Nov 1 at 8:06AM
MLS# G5108980
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This medical office property includes a reception and waiting area, multiple offices, updated flooring, and large windows that bring natural light into the interior. The building was constructed in 1995 with block and stucco exterior walls and a metal roof. Central air supports the interior environment, while city utilities serve the property.
The 0.3-acre site is within city limits on a paved street and includes dedicated on-site parking. Other established businesses are located nearby, and AdventHealth Waterman is a short drive away. RT zoning is identified for the property.
The 0.3-acre site is within city limits on a paved street and includes dedicated on-site parking. Other established businesses are located nearby, and AdventHealth Waterman is a short drive away. RT zoning is identified for the property.
Key Highlights
- 0.3‑acre medical office property within city limits
- Built in 1995 with block and stucco construction
- Metal roof and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,133
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,660
$582.7K
Cap Rate 7%
$416,186
$416.2K
Cap Rate 9%
$323,700
$323.7K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$46.8K $24.00/SF
− Vacancy
−$8.0K −$4.08/SF
EGI
$38.8K $19.92/SF
− OpEx
−$9.7K −$4.98/SF
NOI
$29.1K $14.94/SF
Area
Lake County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,660
Cap Rate 7%
$416,186
Cap Rate 9%
$323,700
Alternative Uses
Best Use
Office B
$416.2K
$364.2K – $485.6K
NOI $29,133 @ 7.0% cap · market cap 6.47%
Second Best
Healthcare Medical
$397.1K
$347.5K – $463.3K
NOI $27,799 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$554.9K
$485.6K – $647.4K
NOI $38,844 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32726, FL
23,012
Population
11,168
Households
2.1
Avg Household Size
45
Median Age
21%
College-Educated
88%
High-School Grad
11.5 sq mi
ZIP Area
2,001
Density / Sq Mi
$60,750
Median Household Income
$37,197
Median Earnings
$1,027
Median Rent
$230,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Animal Medical Center — 400 W Woodward Ave, Eustis, FL 32726
Frequently Asked Questions
What type of property is this?
Medical Office Space - Established medical office setting with multiple private offices, city utilities, on-site parking, and a reception area with large windows.
Where is this medical office space located?
The property is located at 1318 S EUSTIS Street Eustis, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 0.3‑acre medical office property within city limits; Built in 1995 with block and stucco construction; Metal roof and central air
