Retail and Office Building with
For Sale
Contact for pricing
353 PLAZA DR, Eustis, FL 32726
Ample parking and adaptable retail, office, or light industrial space with recent roof and AC updates.
Property Size35,722 SF
Price / SF$139.97
Days on Market148
Property Features for 353 PLAZA DR
General Information
Standard status
Active
Size
35,722 SF
Property subtype
Retail, Industrial, Mixed Use
Zoning
C-2
Lease Type
Gross
Investment Type
Value Add
Net Operating Income
$400,000
Building Details
Stories
1
Tenancy
Multi
Listing Agency:
Panther Capital Group
Listed By:
Guillermo de Nicolas · License #FL3440959
Source:
Crexi
Added: Jun 2
Changed: Oct 25
Last Checked: Oct 26 at 3:44PM
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 Panther Capital Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers adaptable space configurations suited for retail, office, or light industrial uses, supported by ample parking. It also includes recent capital improvements, including new roofs and updated AC systems, helping reduce near-term building maintenance needs for an owner-operator or investor.
Located at 353 Plaza Dr in Eustis, Florida, the site is described as being positioned in a thriving growth corridor with strong local demand. The public remarks also note excellent traffic counts in the area, which can support visibility and customer access for a variety of tenant types.
From a tenant and operator standpoint, the flexibility of the available space can accommodate businesses that need a commercial location with convenient parking and climate-controlled improvements. For buyers, the seller states the property is anchored by long-standing tenants and presents an investor or owner-user opportunity, with the offering positioned as balancing stability and income while benefiting from prospects for long-term growth in the Central Florida market.
Located at 353 Plaza Dr in Eustis, Florida, the site is described as being positioned in a thriving growth corridor with strong local demand. The public remarks also note excellent traffic counts in the area, which can support visibility and customer access for a variety of tenant types.
From a tenant and operator standpoint, the flexibility of the available space can accommodate businesses that need a commercial location with convenient parking and climate-controlled improvements. For buyers, the seller states the property is anchored by long-standing tenants and presents an investor or owner-user opportunity, with the offering positioned as balancing stability and income while benefiting from prospects for long-term growth in the Central Florida market.
Key Highlights
- Ample parking for tenants and customers.
- Adaptable spaces for retail, office, or light industrial use.
- Recent capital improvements include new roofs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$422,641
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,452,820
$8.5M
Cap Rate 7%
$6,037,729
$6.0M
Cap Rate 9%
$4,696,011
$4.7M
Market Conditions
NOI Build-Up for 35,722 SF
Gross rent
$643.0K $18.00/SF
− Vacancy
−$39.2K −$1.10/SF
EGI
$603.8K $16.90/SF
− OpEx
−$181.1K −$5.07/SF
NOI
$422.6K $11.83/SF
Area
Lake County, FL
Vacancy
6.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,452,820
Cap Rate 7%
$6,037,729
Cap Rate 9%
$4,696,011
Alternative Uses
Best Use
Retail
$6.04M
$5.28M – $7.04M
NOI $422,641 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.17M
$8.89M – $11.86M
NOI $711,582 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
267k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 24%
Superstores 10%
Home Improvements & Furnishings 9%
McDonald's
Dining
31,875 visits/mo
0.3 miles
RaceTrac
Shops & Services
29,883 visits/mo
0.3 miles
Big Lots
Superstores
26,934 visits/mo
0.1 miles
Tractor Supply Co.
Home Improvements & Furnishings
21,776 visits/mo
0.3 miles
Ollie's Bargain Outlet
Shops & Services
17,535 visits/mo
0.2 miles
Demographics for 32726, FL
23,012
Population
11,168
Households
2.1
Avg Household Size
45
Median Age
21%
College-Educated
88%
High-School Grad
11.5 sq mi
ZIP Area
2,001
Density / Sq Mi
$60,750
Median Household Income
$37,197
Median Earnings
$1,027
Median Rent
$230,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Tri-Cities Shopping Plaza — US-441, Mt Dora, FL 32757
- Quick-Tag — Pet Supermarket Inc, 16850 US-441, Mt Dora, FL 32757
- Eustis Village — 2864 David Walker Dr, Eustis, FL 32726
- Ok Auto Sales Eustis Fl — Ruleme St, Eustis, FL 32726
- Ok cargo — 2911 Ruleme St Suite #1, Eustis, FL 32726
Frequently Asked Questions
What type of property is this?
Shopping center - Ample parking and adaptable retail, office, or light industrial space with recent roof and AC updates.
Where is this shopping center located?
The property is located at 353 PLAZA DR Eustis, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Ample parking for tenants and customers.; Adaptable spaces for retail, office, or light industrial use.; Recent capital improvements include new roofs.
