Warehouse Property with Expansion
For Sale
$850,000
E COUNTY ROAD 44A, Eustis, FL 32726
Commercial Sale, EUSTIS, FL
Property Size4,000 SF
Lot Size2.81 Acres
Price / SF$212.50
Days on Market44
Property Features for E COUNTY ROAD 44A
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
WC1
Subdivision
REHRERS SUB
Directions
From 19 in Eustis go North to Right on 44A cross through lighted intersection of 44-bypass road and see signs on the right. Property is gated.
Standard status
Active
APN
06-19-27-0200-000-00501
Lot size
2.81 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
REHRER'S SUB PB 1 PG 50 FROM THE NORTHWEST CORNER OF TRACT S SPRING RIDGE ESTATES PB 58 PG 28 AND WITH THE EASTERLY RIGHT OF WAY LINE OF COUNTY ROAD NO 44 NORTH 00-04-26 WEST 115.21 FEET TO THE INTERSECTION OF THE EASTERLY RIGHT OF WAY LINE OF SAID C OUNTY ROAD NO 44 AND THE NORTHERLY LINE OF SAID LOT 7 THENCE CONTINUING WITH THE EASTERLY RIGHT OF WAY LINE OF SAID COUNTY ROAD 44 NORTH 00-13-04 WEST 366.04 FEET TO THE BEGINNING OF A NON-TANGENT CURVE CONCAVE SOUTHEASTERLY THENCE WITH A RADIUS OF 2 58.33 FEET A DELTA OF 90-32-39 AND A CHORD BEARING OF DISTANCE OF NORTH 45-01-32 EAST 367.07 FEET NORTHEASTERLY ALONG SAID CURVE AN ARC LENGTH OF 408.24 FEET TO THE END OF SAID CURVE ON THE SOUTHERLY RIGHT OF WAY LINE OF COUNTY ROAD NO 44A THENCE
Tax Annual Amount
13
Legal Description
REHRER'S SUB PB 1 PG 50 FROM THE NORTHWEST CORNER OF TRACT S SPRING RIDGE ESTATES PB 58 PG 28 AND WITH THE EASTERLY RIGHT OF WAY LINE OF COUNTY ROAD NO 44 NORTH 00-04-26 WEST 115.21 FEET TO THE INTERSECTION OF THE EASTERLY RIGHT OF WAY LINE OF SAID C OUNTY ROAD NO 44 AND THE NORTHERLY LINE OF SAID LOT 7 THENCE CONTINUING WITH THE EASTERLY RIGHT OF WAY LINE OF SAID COUNTY ROAD 44 NORTH 00-13-04 WEST 366.04 FEET TO THE BEGINNING OF A NON-TANGENT CURVE CONCAVE SOUTHEASTERLY THENCE WITH A RADIUS OF 2 58.33 FEET A DELTA OF 90-32-39 AND A CHORD BEARING OF DISTANCE OF NORTH 45-01-32 EAST 367.07 FEET NORTHEASTERLY ALONG SAID CURVE AN ARC LENGTH OF 408.24 FEET TO THE END OF SAID CURVE ON THE SOUTHERLY RIGHT OF WAY LINE OF COUNTY ROAD NO 44A THENCE
Building Details
Year built
2018
Building materials
Metal Frame, Metal Siding
Roof type
Metal
Listing Agency:
GLASBRIDGE LLC
(407) 704-6848
Listed By:
Travis Sawchuk · License #3036433
(352) 267-1702
Added: Jul 15
Changed: Aug 24
Last Checked: Aug 27 at 2:06PM
MLS# O6423479
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 commercial warehouse property in Eustis includes two metal-frame buildings measuring 2,500 square feet and 1,500 square feet. Each building features roll-up doors and separate single entry doors, with metal siding and metal roofing. The improvements were constructed in 2018 and are identified as under construction.
The 2.81-acre site is zoned WC1 and includes an approved developer agreement and site plan. The plan provides for as many as 14 buildings, offering a defined framework for completing the broader development. The property is located on E County Road 44A in Eustis, near planned residential and retail construction, as well as an adjoining parcel approved for retail, hospitality, and professional development.
The 2.81-acre site is zoned WC1 and includes an approved developer agreement and site plan. The plan provides for as many as 14 buildings, offering a defined framework for completing the broader development. The property is located on E County Road 44A in Eustis, near planned residential and retail construction, as well as an adjoining parcel approved for retail, hospitality, and professional development.
Key Highlights
- Two warehouse buildings totaling 4,000 square feet
- 2.81‑acre commercial site in Eustis
- Approved site plan allows up to 14 buildings
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
$27,133
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
3.19%
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%
$542,660
$542.7K
Cap Rate 7%
$387,614
$387.6K
Cap Rate 9%
$301,478
$301.5K
Market Conditions
NOI Build-Up for 4,000 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
$35.0K $8.76/SF
− Vacancy
−$3.1K −$0.78/SF
EGI
$31.9K $7.98/SF
− OpEx
−$4.8K −$1.20/SF
NOI
$27.1K $6.78/SF
Area
Lake County, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
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%
$542,660
Cap Rate 7%
$387,614
Cap Rate 9%
$301,478
Alternative Uses
Best Use
Warehouse
$387.6K
$339.2K – $452.2K
NOI $27,133 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$996.0K – $1.33M
NOI $79,680 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Metal warehouse improvements accompany an approved development plan for additional buildings on a commercial site.
Where is this warehouse located?
The property is located at E COUNTY ROAD 44A Eustis, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two warehouse buildings totaling 4,000 square feet; 2.81‑acre commercial site in Eustis; Approved site plan allows up to 14 buildings
