Lakefront Mixed-Use
400 LAKESHORE, Eustis, FL 32726
For Sale
$625,000
A two-bedroom residence sits above a garage and workshop, with dock access on Lake Eustis.
Property Size1,628 SF
Days on Market49
Property Features for 400 LAKESHORE
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
private boat dock with boat hoist
additional dock
garage bay
workshop area
apartment
Building Details
Building Size
Year Built
Listed By:
Priscilla Atkins-Bryant
(352) 267-0303
Source:
Elliman
Added: Sep 24
Changed: Nov 2
Last Checked: Nov 10 at 7:43AM
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 Priscilla Atkins-Bryant
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Investment Insights
Based on property information with market context.
Built in 1963, this mixed-use property combines a lower-level garage bay and workshop with an apartment. The upper floor contains a two-bedroom, one-bath living area. Two docks provide water access; one includes a boat hoist, and the other can accommodate additional boats. The property is zoned P/I.
On Lake Eustis in Eustis, Florida, the site adjoins a city-maintained public boat ramp. Waterfront restaurants and downtown Eustis are nearby, along with dining, breweries, theaters, salons, boutiques, shopping and local events.
On Lake Eustis in Eustis, Florida, the site adjoins a city-maintained public boat ramp. Waterfront restaurants and downtown Eustis are nearby, along with dining, breweries, theaters, salons, boutiques, shopping and local events.
Key Highlights
- Two‑bedroom, one‑bath living area on the upper floor
- Lower‑level garage bay, workshop and apartment
- Two docks; one has a boat hoist
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,933
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,660
$438.7K
Cap Rate 7%
$313,329
$313.3K
Cap Rate 9%
$243,700
$243.7K
Market Conditions
NOI Build-Up for 1,628 SF
Gross rent
$35.8K $21.96/SF
− Vacancy
−$6.5K −$4.00/SF
EGI
$29.2K $17.96/SF
− OpEx
−$7.3K −$4.49/SF
NOI
$21.9K $13.47/SF
Area
Lake County, FL
Vacancy
18.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,660
Cap Rate 7%
$313,329
Cap Rate 9%
$243,700
Alternative Uses
Best Use
Office B
$313.3K
$274.2K – $365.6K
NOI $21,933 @ 7.0% cap · market cap 3.51%
Second Best
Mixed Use
$288.9K
$252.8K – $337.0K
NOI $20,220 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$525.0K
$459.3K – $612.5K
NOI $36,747 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-bedroom residence sits above a garage and workshop, with dock access on Lake Eustis.
Where is this mixed-use property located?
The property is located at 400 LAKESHORE Eustis, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath living area on the upper floor; Lower‑level garage bay, workshop and apartment; Two docks; one has a boat hoist
