Restaurant and Entertainment
For Sale
$499,000
36721 COUNTY ROAD 19A, Eustis, FL 32726
Fully equipped commercial restaurant with a stage and expansive dining and bar space.
Property Size2,300 SF
Days on Market51
Property Features for 36721 COUNTY ROAD 19A
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,696
Building Details
Building Size
2,300 SF
Year Built
1963
Listing Agency:
WEICHERT REALTORS HALLMARK PRO
(407) 860-6363
Listed By:
Mary Palerino · License #672938
(407) 860-6363
Source:
Mbifloridarealty
Added: Jul 9
Changed: Aug 26
Last Checked: Aug 11 at 8:38AM
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 WEICHERT REALTORS HALLMARK PRO
Investment Insights
Based on property information with market context.
This property is a turnkey commercial restaurant and entertainment facility designed for hospitality operations. It includes spacious dining areas, an expansive bar area, a commercial kitchen, and dedicated stage and entertainment space. The layout also supports large indoor and outdoor dining and gathering, along with ample on-site parking to accommodate customer volumes.
The property is situated on County Road 19A with strong frontage and visibility. It is described as having convenient access to State Road 44 and is positioned near growing residential communities.
The sale includes the real estate, the building, and existing furniture, fixtures, and most equipment. The business name and branding, liquor license, inventory, and business operations are not included in the sale, and buyers are encouraged to verify zoning, permitted uses, and licensing requirements for their intended use.
The property is situated on County Road 19A with strong frontage and visibility. It is described as having convenient access to State Road 44 and is positioned near growing residential communities.
The sale includes the real estate, the building, and existing furniture, fixtures, and most equipment. The business name and branding, liquor license, inventory, and business operations are not included in the sale, and buyers are encouraged to verify zoning, permitted uses, and licensing requirements for their intended use.
Key Highlights
- Built in 1963: fully equipped commercial restaurant and entertainment property with stage and expansive dining and bar space
- Includes commercial kitchen, stage/entertainment area, and indoor/outdoor dining and gathering areas
- Spacious bar and dining layout designed for high customer volumes and flexible hospitality events
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,844
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$716,880
$716.9K
Cap Rate 7%
$512,057
$512.1K
Cap Rate 9%
$398,267
$398.3K
Market Conditions
NOI Build-Up for 2,300 SF
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.
Gross rent
$49.7K $21.60/SF
− Vacancy
−$1.9K −$0.82/SF
EGI
$47.8K $20.78/SF
− OpEx
−$11.9K −$5.19/SF
NOI
$35.8K $15.58/SF
Area
Lake County, FL
Vacancy
3.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$716,880
Cap Rate 7%
$512,057
Cap Rate 9%
$398,267
Alternative Uses
Best Use
Specialty Retail
$512.1K
$448.1K – $597.4K
NOI $35,844 @ 7.0% cap · market cap 7.18%
Second Best
Industrial
$183.5K
$160.6K – $214.1K
NOI $12,848 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$654.5K
$572.7K – $763.6K
NOI $45,816 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
81k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 53%
Shops & Services 28%
Dining 19%
Publix
Groceries
42,660 visits/mo
0.5 miles
7-Eleven
Shops & Services
16,336 visits/mo
0.4 miles
Burger King
Dining
15,655 visits/mo
0.5 miles
AutoZone
Shops & Services
2,817 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
2,729 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Fully equipped commercial restaurant with a stage and expansive dining and bar space.
Where is this commercial kitchen located?
The property is located at 36721 COUNTY ROAD 19A Eustis, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Built in 1963: fully equipped commercial restaurant and entertainment property with stage and expansive dining and bar space; Includes commercial kitchen, stage/entertainment area, and indoor/outdoor dining and gathering areas; Spacious bar and dining layout designed for high customer volumes and flexible hospitality events
