Building Details

Building Size 25,000 SF

Year Built 1990

Buildings 1

Listed By: Kari Fleck Show Phone

Source: Therealestatecollection

Added: Mar 27 Changed: Oct 7 Last Checked: Oct 7 at 9:34AM

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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 Kari Fleck

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Investment Insights

Based on property information with market context.

This property features a 25,000 SF warehouse situated on approximately 8 acres, including 2 acres of paved area. The facility is designed for efficiency and versatility, offering 20,000 SF of warehouse space and 5,000 SF of office space. The property is zoned PD - AG, permitting Agriculture Uses and LIMITED Industrial Uses. The warehouse includes 8 dock-high doors with 12' roll-up doors and 4 drive-in doors also with 12' roll-up doors. It has a 19' clear height with 50' column spacing and block construction. The office space is equipped with multiple private offices, a large open workspace, 2 conference rooms, a reception area, a kitchen, and 4 bathrooms. The location provides quick access to Hwy 429, Hwy 44, and the upcoming Round Lake Rd Extension. It is also in close proximity to I-4 (less than 16 miles), the Turnpike (less than 25 miles), Orlando (less than 35 miles), and Disney (less than 41 miles).

Key Highlights

• 25,000 SF warehouse on +/-8 acres with 2 acres of paved area.
• Zoned PD‑AG allowing Agriculture and LIMITED Industrial Uses.
• Excellent accessibility to Hwy 429, Hwy 44, Round Lake Rd Extension, I‑4, and Turnpike.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$169,583

Cap Rate

7.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,391,660 $3.4M

Cap Rate 7%

$2,422,614 $2.4M

Cap Rate 9%

$1,884,256 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 25,000 SF

Gross rent

$219.0K $8.76/SF

− Vacancy

−$19.5K −$0.78/SF

EGI

$199.5K $7.98/SF

− OpEx

−$29.9K −$1.20/SF

NOI

$169.6K $6.78/SF

Area

Lake County, FL

Vacancy

8.90%

Lease Rate

$8.76 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,391,660

Cap Rate 7%

$2,422,614

Cap Rate 9%

$1,884,256

Alternative Uses

Best Use

Office B

$5.34M

$4.67M – $6.23M (±1% cap)

NOI $373,500 @ 7.0% cap · market cap 16.60%

Second Best

Mixed Use

$4.71M

$4.13M – $5.50M (±1% cap)

NOI $330,000 @ 7.0% cap · market cap 14.67%

Theoretical Best

Office A

$7.11M

$6.23M – $8.30M (±1% cap)

NOI $498,000 @ 7.0% cap · market cap 22.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick HVAC Service Garden Center Veterinary Clinic Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

21

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - 25,000 SF warehouse with office on 8 acres.

Where is this mixed-use property located?

The property is located at 34135 Cardinal Lane EUSTIS Eustis, FL.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: 25,000 SF warehouse on +/-8 acres with 2 acres of paved area.; Zoned PD‑AG allowing Agriculture and LIMITED Industrial Uses.; Excellent accessibility to Hwy 429, Hwy 44, Round Lake Rd Extension, I‑4, and Turnpike.