Office Building with Private
New
For Sale
$1,100,000
901 N GROVE, Eustis, FL 32726
Vacant space offers a flexible layout and updated building systems for a new occupant.
Property Size4,665 SF
Price / SF$235.80
Days on Market1
Property Features for 901 N GROVE
General Information
Standard status
Active
Size
4,665 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,250
Amenities
employee shower
Building Details
Building Size
4,665 SF
Year Built
1977
Buildings
1
Owner Occupied
No
Abandoned
No
Listing Agency:
eXp Realty LLC
Listed By:
Sanjeev Malik · License #3313715
(321) 297-3009
Source:
Elliman
Added: Oct 11
Last Checked: Oct 11 at 2:33PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
At 901 N Grove in Eustis, this 4,665-square-foot office property has more than 12 private offices, four restrooms, and a separate employee shower. The interior also includes new flooring, fresh paint, and replacement cabinetry. Its configuration can accommodate one organization or separate departments within the building.
Major improvements completed in 2022 include a new roof, three HVAC systems, and a 20-kW solar installation. The building was constructed in 1977 and is currently vacant. Its office layout and multiple enclosed rooms support a range of professional operations, including medical, legal, financial, educational, counseling, or administrative uses.
Major improvements completed in 2022 include a new roof, three HVAC systems, and a 20-kW solar installation. The building was constructed in 1977 and is currently vacant. Its office layout and multiple enclosed rooms support a range of professional operations, including medical, legal, financial, educational, counseling, or administrative uses.
Key Highlights
- 4,665 square feet with more than 12 private offices
- Four restrooms and a separate tiled employee shower
- New roof, three HVAC systems, and 20‑kW solar system installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,695
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,393,900
$1.4M
Cap Rate 7%
$995,643
$995.6K
Cap Rate 9%
$774,389
$774.4K
Market Conditions
NOI Build-Up for 4,665 SF
Gross rent
$112.0K $24.00/SF
− Vacancy
−$19.0K −$4.08/SF
EGI
$92.9K $19.92/SF
− OpEx
−$23.2K −$4.98/SF
NOI
$69.7K $14.94/SF
Area
Lake County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,393,900
Cap Rate 7%
$995,643
Cap Rate 9%
$774,389
Alternative Uses
Best Use
Office B
$995.6K
$871.2K – $1.16M
NOI $69,695 @ 7.0% cap · market cap 6.34%
Second Best
Healthcare Medical
$950.1K
$831.3K – $1.11M
NOI $66,504 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,927 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
415
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Vacant space offers a flexible layout and updated building systems for a new occupant.
Where is this office building located?
The property is located at 901 N GROVE Eustis, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,665 square feet with more than 12 private offices; Four restrooms and a separate tiled employee shower; New roof, three HVAC systems, and 20‑kW solar system installed in 2022
