Renovated Mixed-Use
For Sale
Contact for pricing
2 North Eustis Street, Eustis, FL 32726
Updated commercial space with multiple occupied units supporting medical and retail uses.
Property Size16,736 SF
Price / SF$141.47
Days on Market190
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Property Features for 2 North Eustis Street
General Information
Standard status
Active
Size
16,736 SF
Class
B
Property subtype
Retail, Office
Zoning
Commercial
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Value Add
Net Operating Income
$201,225
Additional Details
Office Units
8
Building Details
Year Built
2016
Year Renovated
2024
Buildings
1
Stories
1
Units
8
Tenancy
Multi
Listing Agency:
Millenia Partners
Listed By:
Josiah Moore · License #SL3601941
(407) 370-3211
Source:
Crexi
Added: Apr 9
Changed: Oct 7
Last Checked: Oct 14 at 11:14PM
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 Millenia Partners
Investment Insights
Based on property information with market context.
This mixed-use commercial property contains 16,736 square feet arranged across 8 individual units. The building was updated in 2024, combining a renovated interior with a configuration suited to multiple occupants. Current occupancy is 100%, and the property is zoned Commercial with medical and retail uses identified in the property information.
The asset is located at 2 North Eustis Street in downtown Eustis, Florida. Its unit-by-unit layout and established occupancy provide a clear framework for continued medical and retail operations within the existing structure.
The asset is located at 2 North Eustis Street in downtown Eustis, Florida. Its unit-by-unit layout and established occupancy provide a clear framework for continued medical and retail operations within the existing structure.
Key Highlights
- 16,736‑square‑foot mixed‑use commercial property
- 8 individual units within the building
- Updated in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,010
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,960,200
$4.0M
Cap Rate 7%
$2,828,714
$2.8M
Cap Rate 9%
$2,200,111
$2.2M
Market Conditions
NOI Build-Up for 16,736 SF
Gross rent
$301.2K $18.00/SF
− Vacancy
−$18.4K −$1.10/SF
EGI
$282.9K $16.90/SF
− OpEx
−$84.9K −$5.07/SF
NOI
$198.0K $11.83/SF
Area
Lake County, FL
Vacancy
6.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,960,200
Cap Rate 7%
$2,828,714
Cap Rate 9%
$2,200,111
Alternative Uses
Best Use
Office B
$3.57M
$3.13M – $4.17M
NOI $250,036 @ 7.0% cap · market cap 10.56%
Second Best
Mixed Use
$3.16M
$2.76M – $3.68M
NOI $220,915 @ 7.0% cap · market cap 9.33%
Theoretical Best
Office A
$4.76M
$4.17M – $5.56M
NOI $333,381 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
8
Office units
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated commercial space with multiple occupied units supporting medical and retail uses.
Where is this mixed-use property located?
The property is located at 2 North Eustis Street Eustis, FL.
What is the asking price?
The asking price for this property is $2,367,615.
What are key features of this property?
This property features: 16,736‑square‑foot mixed‑use commercial property; 8 individual units within the building; Updated in 2024
