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

    200 S BAY St Eustis, FL 32726

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,000,000

    Vacant drive-in bank building with general commercial future land use.

    Type:Commercial
    Property size:
    998 SF
    Added:
    Apr 24, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 24 at 5:40 pm

    Property Features for 200 S BAY St

    General Information

    Standard status
    Active
    Size
    998 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1984

    We can help!

    Listing Contact
    Pati Sanchez

    Listing agent Pati Sanchez License #3350074

    Listing office LA ROSA REALTY KISSIMMEE

    Listing date Apr 24, 2026

    Source Elliman

    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 LA ROSA REALTY KISSIMMEE

    Overview

    Commercial Property with Redevelopment Potential

    This commercial property features a 998 square foot vacant drive-in bank building. The property has a General Commercial Future Land Use designation and city utilities are available. The plan is to convert this existing building for a specific commercial purpose. The location has a walk score of 80, indicating it is very walkable, and a bike score of 49, indicating it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    El Marie Pizzeria ... Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -81.6858779
    Latitude
    28.8548327

    Nearby Similar for Sale

    • $779,900
      5,040 SF

      Versatile Flex/Warehouse Building in Eustis

      5,040 SF flex/warehouse building ideal for various business uses.
      1540 KURT STREET, EUSTIS, FL 32726
      View Details
    • $375,000
      3,021 SF

      Versatile Office Space in Eustis

      Office space with private parking near downtown Eustis, Florida.
      600 N EUSTIS STREET, EUSTIS, FL 32726
      View Details
    • $500,000
      1,950 SF

      Eustis Office Near AdventHealth Waterman

      Professional or medical office space in a convenient Eustis location.
      1318 S EUSTIS STREET, EUSTIS, FL 32726
      View Details
    • $490,000
      2,841 SF

      EUSTIS Quadplex Investment Opportunity

      Quadplex in Eustis historic district, 100% occupied, turnkey investment.
      422 E CITRUS AVENUE, EUSTIS, FL 32726
      View Details
    • $749,000
      4,066 SF

      Rehabbed 7-Unit Multifamily Property

      Stabilized 7-unit multifamily property with strong rental history.
      205 S GROVE STREET, EUSTIS, FL 32726
      View Details
    • $3,000,000
      17,240 SF

      Eustis Bank Building For Sale

      Spacious bank building in Eustis, perfect for multiple tenants.
      100 N BAY STREET, EUSTIS, FL 32726
      View Details
    • $490,000
      2,304 SF

      EUSTIS Quadplex with Storage Units

      Quadplex with four storage units in historic Eustis, Florida.
      426 E CITRUS AVENUE, EUSTIS, FL 32726
      View Details
    • $1,000,000
      998 SF

      EUSTIS, FL Investment Property

      Commercial property with redevelopment potential in EUSTIS, FL.
      200 S BAY STREET, EUSTIS, FL 32726
      View Details
    • $1,499,000

      40-Acre Agricultural Opportunity in Lake

      Turnkey hemp operation or private ranch potential in Lake County.
      40945 BEACH, EUSTIS, FL 32736
      View Details
    • $329,900
      2,477 SF

      EUSTIS Duplex: Income Opportunity

      Income-producing duplex near downtown Eustis, offering strong cash flow.
      206 OSCEOLA AVENUE, EUSTIS, FL 32726
      View Details
    • $439,000
      2,341 SF

      EUSTIS Triplex Investment Opportunity

      Income-producing triplex near downtown Eustis with strong rental potential.
      301 E ATWATER AVENUE, EUSTIS, FL 32726
      View Details
    • $1,499,000
      3,572 SF

      EUSTIS Agricultural Opportunity with Warehouse

      40-acre agricultural property with warehouse, home, and infrastructure.
      40945 BEACH ROAD, EUSTIS, FL 32736
      View Details

    FAQs

    What type of property is this?
    Bank - Vacant drive-in bank building with general commercial future land use.
    Where is this bank located?
    The property is located at 200 S BAY St Eustis, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Very Walkable location (Walk Score: 80); General Commercial Future Land Use designation; City utilities available
    (239) 296-6500
    We can help!
    Listing Contact
    Pati Sanchez
    Real Estate License ID: 3350074
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!