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    1430 MORIN STREET Eustis, FL 32726

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    For Sale
    $249,999

    Business - EUSTIS, FL

    Type:Business
    Property size:
    1,717 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $145/SF
    Added:
    Jun 5, 2025
    Days on Market:
    332
    Last Refresh:
    May 2 at 4:06 pm

    Property Features for 1430 MORIN STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Zoning
    SR
    Exterior features
    Corner Lot, Paved
    Appliances
    Dryer, Microwave, Refrigerator
    Standard status
    Active
    APN
    14-19-26-1801-000-18900
    Size
    1,717 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2781.92

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1954
    Flooring type
    Vinyl
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Cindy Sonne
    Cindy Sonne

    Listing agent Cindy Sonne License #407215

    Listing office SONNE REAL ESTATE INC 4931 Dora Dr, Mount Dora, FL

    Listing date Jun 5, 2025

    MLS# G5098008 Listing URL

    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.

    Overview

    Turnkey Salon with Real Estate

    This is a turnkey, operating beauty salon with the real estate building and property included in the sale. The building has 1717 square feet and was remodeled in 2022, with a re-roof in 2017 and new HVAC in 2021. There are 14 parking spaces. The salon features seven individual hair stylist stations with chairs and three private rooms that currently house a nail/pedicure room, a private waxing/facial room, and a room with a Himalayan Salt bed. These rooms can be used for different types of services. There are also two wash bowls and five hair dryer stations, a waiting area, reception area, and a kitchen area with a washer/dryer. The sale includes decor, fixtures, equipment, and goodwill. This location has been a trusted full-service salon for over 25 years. The property, located in EUSTIS, FL, offers great potential for rental income and owner-operated business. Potential business uses include adding more services, renting out more booths, retail sales, and hiring professionals such as estheticians, nail technicians, and massage therapists. Marketing efforts through social media advertising, influencer partnerships, and local promotions can further increase brand visibility and attract new customers. This is an ideal acquisition for a licensed stylist ready to step into ownership, or an operator seeking a turnkey salon with expansion potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Talk of the Town Hair ... Hair Salon

    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

    • Lake County School's Eustis Health & Wellness Center — 1910 Titcomb St, Eustis, FL 32726
    • Medmar Releaf Clinic — 601 Jennings Ave, Eustis, FL 32726
    • Bedrock Rehabilitation & Nursing Center at Lake Eustis — 411 W Woodward Ave, Eustis, FL 32726
    • Body Therapy by Andrea (offering mobile massage) — 1303 st andrews blvd, eustis, fl 32726

    Location Insight

    • Map
    • Local Demand
    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -81.686913
    Latitude
    28.8394

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    FAQs

    What type of property is this?
    Spa & wellness property - Operating beauty salon with real estate for sale in EUSTIS.
    Where is this spa & wellness property located?
    The property is located at 1430 MORIN STREET Eustis, FL.
    What is the asking price?
    The asking price for this property is $249,999.
    What are key features of this property?
    This property features: Turnkey, operating beauty salon with real estate included; High income potential through salon operation and rental of private rooms and stylist stations; Recently renovated building (remodeled in 2022, new HVAC in 2021, re‑roofed in 2017)
    (352) 978-2686
    We can help!
    Listing Contact
    Cindy Sonne
    Cindy Sonne
    Real Estate License ID: 407215
    Learn More
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    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.

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    1430 MORIN STREET, EUSTIS, FL 32726

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