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    Retail Strip Mall with Roll-Up Doors Title is generated by Realmo AI

    349 PLAZA DRIVE, Eustis, FL 32726

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    For Sale
    $2,700,000

    Retail - EUSTIS, FL

    Type:Retail
    Property size:
    26,776 SF
    Lot size:
    1.63 Acres
    Price / SF:
    $100/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 9:06 am

    Property Features for 349 PLAZA DRIVE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    GC
    Security features
    Closed Circuit Camera(s), Fire Sprinkler System, Security System
    Standard status
    Active
    APN
    22-19-26-0401-000-03701
    Size
    26,776 SF
    Lot size
    1.63 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    24684.79

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1965
    Number of units
    2
    Flooring type
    Carpet, Concrete
    Building materials
    Block, Metal Siding
    Roof type
    Membrane, Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Logan Wilson
    Logan Wilson

    Listing agent Logan Wilson License #3248440

    Listing office RLW REALTY 55 N. CENTRAL AVE., Umatilla, FL

    Listing date Jun 4, 2026

    MLS# G5113322 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.

    HighLights

    • 28,081 SF commercial facility at the US Highway 441 and State Road 19 intersection in Eustis, FL
    • Flexible space: available to a single anchor tenant or multiple users with demising options down to 11,770 SF
    • Traffic exposure: intersection handles 66,000+ vehicles per day
    • Fully climate‑controlled interior with central HVAC and fire suppression sprinkler system
    • 800‑amp electrical service and two 10' x 12' grade‑level roll‑up doors for logistics and inventory
    • 61 paved surface parking spaces, high‑visibility marquee pylon sign facing the highway corridor, and ADA accessibility

    Overview

    This retail strip mall offers a versatile footprint totaling 26,776 square feet, with flexible demising options available down to 11,770 square feet. The interior is fully climate-controlled and supported by a comprehensive fire suppression sprinkler system. Electrical service is listed at 800 amps, and the building includes two 10' x 12' grade-level roll-up doors intended to support loading, logistics, and inventory flow. Dedicated parking includes 61 paved surface spaces, and the property is described as ADA accessible. A high-visibility marquee pylon sign faces the highway corridor.

    The property is located at the primary commercial nexus of U.S. Highway 441 and State Road 19 in Eustis, Florida. The listing cites combined traffic exposure of over 66,000 vehicles per day at this intersection. It is currently anchored by a regional tenant.

    For buyers or operators, the combination of flexible suite sizing, institutional-style building systems, and grade-level access can support a single anchor user or multiple retail occupants. The configuration is also designed to accommodate retail showrooms, multi-tenant marketplaces, or other adaptive commercial use consistent with the property’s GC zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Twelve smash burger Restaurant Brasas Tacos Restaurant Treasure Marts Eustis (Bike/Boat/Book/etc) Store Frugals (Bike/Boat/Book/etc) Store Beyond Cloud 9-Shop Home Decor Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -81.687851
    Latitude
    28.824205

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    FAQs

    What type of property is this?
    Strip mall - Freestanding retail facility with climate-controlled space, sprinkler system, and grade-level roll-up doors on GC-zoned lot.
    Where is this strip mall located?
    The property is located at 349 PLAZA DRIVE Eustis, FL.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: 28,081 SF commercial facility at the US Highway 441 and State Road 19 intersection in Eustis, FL; Flexible space: available to a single anchor tenant or multiple users with demising options down to 11,770 SF; Traffic exposure: intersection handles 66,000+ vehicles per day
    (352) 771-2560
    We can help!
    Listing Contact
    Logan Wilson
    Logan Wilson
    Real Estate License ID: 3248440
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    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.

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