Mixed-Use Property with Auto
For Sale
$850,000
20024 STATE ROAD 44, Eustis, FL 32736
Live-work setup combines a three-bedroom home, equipped service shop, and fenced storage yard.
Property Size3,456 SF
Price / SF$245.95
Days on Market108
Property Features for 20024 STATE ROAD 44
General Information
Standard status
Active
Size
3,456 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$2,214
Amenities
Central Air
3
165x280
County Road, State Road, Paved Road.
Building Details
Year Built
1978
Listing Agency:
DAVE LOWE REALTY, INC.
(352) 383-7104
Listed By:
Nova Fuller · License #3082499
Source:
Xome
Added: May 14
Changed: Aug 28
Last Checked: Aug 28 at 8:09PM
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 DAVE LOWE REALTY, INC.
Investment Insights
Based on property information with market context.
This mixed-use property combines a 3-bedroom, 2-bath residence with a commercial shop and secured outdoor areas. The home, built in 1978, has an open interior arrangement, an updated kitchen, central air, and a new drainfield. The 20×50 shop is equipped for automotive repair and mechanical work, with a vehicle lift, tools, an air system, a dedicated office, and overhead storage.
The site includes a fully fenced yard with multiple storage areas and is positioned along a paved state road with highway frontage. A wrecker and large toy hauler are included. The property supports the existing automotive and salvage setup while providing space for towing, roadside service, equipment storage, recycling, or contractor operations.
The site includes a fully fenced yard with multiple storage areas and is positioned along a paved state road with highway frontage. A wrecker and large toy hauler are included. The property supports the existing automotive and salvage setup while providing space for towing, roadside service, equipment storage, recycling, or contractor operations.
Key Highlights
- 3‑bedroom, 2‑bath home with open layout and updated kitchen
- 20×50 equipped shop with lift, tools, air system, office, and overhead storage
- Fully fenced 165x280 yard with multiple storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,633
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,032,660
$1.0M
Cap Rate 7%
$737,614
$737.6K
Cap Rate 9%
$573,700
$573.7K
Market Conditions
NOI Build-Up for 3,456 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.9K $24.00/SF
− Vacancy
−$14.1K −$4.08/SF
EGI
$68.8K $19.92/SF
− OpEx
−$17.2K −$4.98/SF
NOI
$51.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,032,660
Cap Rate 7%
$737,614
Cap Rate 9%
$573,700
Alternative Uses
Best Use
Office B
$737.6K
$645.4K – $860.6K
NOI $51,633 @ 7.0% cap · market cap 6.07%
Second Best
Mixed Use
$651.7K
$570.2K – $760.3K
NOI $45,619 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$983.5K
$860.6K – $1.15M
NOI $68,844 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 32736, FL
11,412
Population
4,445
Households
2.6
Avg Household Size
46
Median Age
22%
College-Educated
90%
High-School Grad
109.1 sq mi
ZIP Area
105
Density / Sq Mi
$83,727
Median Household Income
$46,408
Median Earnings
$1,136
Median Rent
$352,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Live-work setup combines a three-bedroom home, equipped service shop, and fenced storage yard.
Where is this mixed-use property located?
The property is located at 20024 STATE ROAD 44 Eustis, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath home with open layout and updated kitchen; 20×50 equipped shop with lift, tools, air system, office, and overhead storage; Fully fenced 165x280 yard with multiple storage areas
