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    EUSTIS Mixed-Use Income Property

    3101 KURT STREET Eustis, FL 32726

    Claim this Listing
    For Sale
    $1,298,000

    Mixed Use - EUSTIS, FL

    Type:Mixed Use
    Property size:
    8,000 SF
    Lot size:
    0.88 Acres
    Price / SF:
    $162.25/SF
    Added:
    May 10, 2025
    Days on Market:
    431
    Last Refresh:
    Jul 14 at 7:06 am

    Property Features for 3101 KURT STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Zoning
    GC
    Standard status
    Active
    APN
    22-19-26-0401-000-04000
    Size
    8,000 SF
    Lot size
    0.88 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    13746

    Utilities

    Heating system
    Central, Ductless (Heating), Electric (Heating)
    Cooling system
    Central Air, Ductless, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1979
    Number of units
    23
    Flooring type
    Concrete, Laminate, Tile, Tile - Ceramic, Vinyl
    Building materials
    Block, Frame
    Roof type
    Metal, Shingle
    Architectural style
    Other

    Listing agent Ronald Musselman License #3102851

    Listing office DAVE LOWE REALTY, INC. 303 Highland St, Mount Dora, FL

    Listing date May 10, 2025

    MLS# G5096895 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.

    Investment Insights

    Based on property information with market context.

    Located off Kurt St. and Hwy 441 in Eustis, Kurt St. Plaza consists of two buildings. The front building contains eight 1,000 square foot office/warehouse units, while the back building includes 13 storage units and two offices. The property is fully leased with nine tenants and professionally managed, making it an income-generating investment. The property is zoned GC and has a lot size of 0.88 acres.

    Key Highlights

    • Fully leased with 9 tenants, providing immediate income generation.
    • Professionally managed, ensuring smooth operations.
    • Consists of two buildings: one with office/warehouse units and another with storage units and offices.

    Local Financial Insights For Mixed Use

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $192.0k $24.00
    − Vacancy −$23.0k −$2.88
    EGI $169.0k $21.12
    − OpEx −$63.4k −$7.92
    NOI $105.6k $13.20
    8,000 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 37.50%

    Alternative Uses

    Best Use
    Office B
    $1.71M
    $1.49M – $1.99M (±1% cap)
    NOI $119,520 @ 7.0% cap · market cap 9.21%
    Second Best
    Mixed Use
    $1.51M
    $1.32M – $1.76M (±1% cap)
    NOI $105,600 @ 7.0% cap · market cap 8.14%
    Theoretical Best
    Office A
    $2.28M
    $1.99M – $2.66M (±1% cap)
    NOI $159,360 @ 7.0% cap · market cap 12.28%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Parking Lot & Garage Big Box & Wholesale Store Grocery & Convenience Store HVAC Service Cafe & Coffee Shop Grocery & Convenience Store Tech Support Center Electrical Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

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

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    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use property with office, warehouse, and storage units.
    Where is this mixed-use property located?
    The property is located at 3101 KURT STREET Eustis, FL.
    What is the asking price?
    The asking price for this property is $1,298,000.
    What are key features of this property?
    This property features: Fully leased with 9 tenants, providing immediate income generation.; Professionally managed, ensuring smooth operations.; Consists of two buildings: **one with office/warehouse units and another with storage units and offices.**
    Contact an agent
    (352) 978-1921
    We can help!
    Contact an agent
    Ronald Musselman
    Real Estate License ID: 3102851
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