Medical Office Building with
801 N BAY Street Eustis, FL 32726
For Sale
$840,000
Pending
SINGLE_FAMILY - EUSTIS, FL
Property Size3,158 SF
Lot Size0.53 Acres
Days on Market598
Property Features for 801 N BAY Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- PI
- Security features
- Security System
- Standard status
- Pending
- APN
- 02-19-26-0300-00B-00100
- Size
- 3,158 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- EUSTIS NORTHSHORE LOT 1 BLK B & FROM SW COR OF LOT 8 BLK B RUN N ALONG E R/W OF BAY ST 158.68 FT TO POB RUN S 87DEG 37MIN 37SEC E 151.4 FT TO A PT ON E LINE OF LOT 2 BLK B S TO SE COR OF SAID LOT 2 W TO SW COR OF SAID LOT 2 N ALONG E R/W OF BAY ST TO POB LOT 8 BLK B PB 5 PG 64 ORB 4402 PG 156
- Tax Annual Amount
- 8122
Utilities
- Utilities
- Phone Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1982
- Floors in Building
- 1
- Building materials
- Block, Stucco
- Roof type
- Shingle
Listing Agency:
REALTEAM REALTY INC.
(352) 394-1144
Listed By:
Trish Leisner · License #3185853
(352) 267-6216
Added: Dec 4, 2024
Changed: Jul 20
Last Checked: Jul 25 at 4:06PM
MLS# G5090269
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.
Investment Insights
Based on property information with market context.
This medical professional office building includes a shared reception and front work area, with the back offices split into two somewhat identical sides. Each side contains two offices, a consultation room, three exam rooms, a minor procedure room, a nurses station, a scale designated area, dressing areas, and two individual rest rooms, along with a private back entrance for the professional. The front and shared areas also include a staff lounge, workroom, chart room, laboratory, X-ray area, reception, waiting area, and ample storage.
The property is located in the Eustis Central Business District directly on S US Hwy 19 (Bay Street) and E Wilt Avenue. Set on a corner for convenient access, entry and exit to the parking lot are available from Wilt Ave or directly from Bay Street, with owner parking behind the building. The building provides 21 parking spaces and each unit has two separate metal doors for access, a security system, and a two-car metal carport.
Construction dates to 1982, with an effective year set to 2004 following a major renovation. Recent improvements include a re-roof completed in 2024, AC units replaced in 2023, and remodeling in 2022 with flooring, interior, and exterior painting. The property presents an owner-occupied option for one side and leasing the other, depending on tenant needs.
The property is located in the Eustis Central Business District directly on S US Hwy 19 (Bay Street) and E Wilt Avenue. Set on a corner for convenient access, entry and exit to the parking lot are available from Wilt Ave or directly from Bay Street, with owner parking behind the building. The building provides 21 parking spaces and each unit has two separate metal doors for access, a security system, and a two-car metal carport.
Construction dates to 1982, with an effective year set to 2004 following a major renovation. Recent improvements include a re-roof completed in 2024, AC units replaced in 2023, and remodeling in 2022 with flooring, interior, and exterior painting. The property presents an owner-occupied option for one side and leasing the other, depending on tenant needs.
Key Highlights
- Medical professional office on S US Hwy 19 (Bay Street) & E. Wilt Avenue in the Eustis Central Business District
- Half‑acre lot with 21 parking spaces; corner access with entries/exits from Wilt Ave and Bay Street
- Remodeled in 2022 with flooring plus interior and exterior painting; effective year set to 2004 after major renovation
Financial Insights For Office B
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 | $75.8k | $24.00 |
| − Vacancy | −$12.9k | −$4.08 |
| EGI | $62.9k | $19.92 |
| − OpEx | −$15.7k | −$4.98 |
| NOI | $47.2k | $14.94 |
3,158 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$674.0K
$589.8K – $786.4K
NOI $47,181 @ 7.0% cap · market cap 5.62%
Second Best
Healthcare Medical
$643.1K
$562.8K – $750.3K
NOI $45,020 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$898.7K
$786.3K – $1.05M
NOI $62,907 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
AdventHealth Medical Group ...
Medical Clinic
Linda Criswell, PA-C
Physician
Alicia Benjamin
Pediatrician
William Finlayson III, ...
Physician
Robert Martello, DO
Pediatrician
FAQs
What type of property is this?
Medical Office Space - Medical office building with shared reception, mirrored back-office suites, and 21 parking spaces on a corner lot.
Where is this medical office space located?
The property is located at 801 N BAY Street Eustis, FL.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: Medical professional office on S US Hwy 19 (Bay Street) & E. Wilt Avenue in the Eustis Central Business District; Half‑acre lot with 21 parking spaces; corner access with entries/exits from Wilt Ave and Bay Street; Remodeled in 2022 with flooring plus interior and exterior painting; effective year set to 2004 after major renovation
