Retail and Office Building with
353 PLAZA DR Eustis, FL 32726
353 PLAZA DR, Eustis, FL, 32726
Contact for pricing
For Sale
Contact for pricing
Ample parking and adaptable retail, office, or light industrial space with recent roof and AC updates.
Property Size35,722 SF
Price / SF$135.77
Days on Market50
Property Features for 353 PLAZA DR
General Information
- Standard status
- Active
- Size
- 35,722 SF
- Property subtype
- Retail
Listing agency
Panther Capital Group
Listed by
Guillermo de Nicolas · License #FL3440959
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 6:20AM
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
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.
Local Financial Insights For Retail
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 | $643.0k | $18.00 |
| − Vacancy | −$39.2k | −$1.10 |
| EGI | $603.8k | $16.90 |
| − OpEx | −$181.1k | −$5.07 |
| NOI | $422.6k | $11.83 |
35,722 SF · lease $18.00/SF/yr · vacancy 6.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.04M
$5.28M – $7.04M
NOI $422,641 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.17M
$8.89M – $11.86M
NOI $711,582 @ 7.0% cap · market cap 14.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Armored Up Health ...
Physician
Blooming Gift Store ...
Clothing & Fashion Store
Grappling Mastery: BJJ ...
Training Center
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FAQs
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 $4,850,000.
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.
