Move-In Ready Office Building with
New
For Sale
$1,100,000
901 N GROVE St, Eustis, FL 32726
Vacant, move-in-ready professional office building with a new roof, three HVAC units, and solar power for energy efficiency.
Days on Market5
Property Features for 901 N GROVE St
General Information
Standard status
Active
Property subtype
Commercial
Amenities
solar energy system
break room
Building Details
Building Size
4,665 SF
Year Built
1977
Owner Occupied
No
Listing Agency:
eXp Realty LLC
(321) 297-3009
Listed By:
Sanjeev Malik · License #3313715
(321) 297-3009
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 1 at 10:44AM
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.
Located at 901 N Grove St in Eustis, this professional office building was delivered vacant and move-in ready, with extensive capital improvements designed to reduce near-term expenditures. The layout includes multiple private offices in excellent condition, along with a professional plan suited to a variety of professional and medical-adjacent service operations.
Recent upgrades include a new roof, three new HVAC units, and a 20-kw solar energy system intended to improve energy efficiency. Interior and exterior updates include new flooring, paint, and updated cabinetry throughout, plus a dedicated employee break room. The space includes four office restrooms, as well as an additional full bathroom with a tiled shower.
Built in 1977, the building offers a flexible configuration for professional service firms and owner-users, with the ability to support investor plans through lease-up in the near term. BikeScore is 36 (somewhat bikeable) and WalkScore is 40 (car-dependent).
Recent upgrades include a new roof, three new HVAC units, and a 20-kw solar energy system intended to improve energy efficiency. Interior and exterior updates include new flooring, paint, and updated cabinetry throughout, plus a dedicated employee break room. The space includes four office restrooms, as well as an additional full bathroom with a tiled shower.
Built in 1977, the building offers a flexible configuration for professional service firms and owner-users, with the ability to support investor plans through lease-up in the near term. BikeScore is 36 (somewhat bikeable) and WalkScore is 40 (car-dependent).
Key Highlights
- New roof plus three new HVAC units
- 20‑kw solar energy system for improved energy efficiency
- Four office restrooms plus an additional full bathroom with tiled shower
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 | $112.0k | $24.00 |
| − Vacancy | −$19.0k | −$4.08 |
| EGI | $92.9k | $19.92 |
| − OpEx | −$23.2k | −$4.98 |
| NOI | $69.7k | $14.94 |
4,665 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
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
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Vacant, move-in-ready professional office building with a new roof, three HVAC units, and solar power for energy efficiency.
Where is this office building located?
The property is located at 901 N GROVE St 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: New roof plus three new HVAC units; 20‑kw solar energy system for improved energy efficiency; Four office restrooms plus an additional full bathroom with tiled shower
