Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    0000 State Rd 44 Pine Lakes, FL 32736
    Back to Search
    Property profile & analytics

    0000 State Rd 44 Pine Lakes, FL 32736

    View on Map
    • Retail properties & Spaces
    For Sale
    $7,000,000
    View Listing →
    Eustis Commercial Land - 7 Acres For Sale
    $7,000,000

    Eustis Commercial Land - 7 Acres

    Prime 7-acre commercial land, ideal location, flexible options.

    Eustis, FL 32736
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0000 State Rd 44

    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 7-acre commercial property, totaling 304,920 square feet, presents a remarkable investment opportunity in Eustis, Florida. Located at the signalized intersection of State Road 44 and East Orange Avenue in Lake County, this site boasts high visibility and accessibility, with approximately 20,000 vehicles passing daily. Utilities are already stubbed to the property, simplifying development. The seller offers flexible acquisition options, including fee simple purchase, ground lease, or a built-to-suit arrangement, catering to diverse investment strategies and development plans. The property allows for up to eight outparcels, providing significant development flexibility. This strategic location benefits from proximity to established businesses such as Circle K and Farm & Pet Outlet, and is further enhanced by the development of new residential subdivisions to the north. Convenience is a key advantage, with Publix, Lowe's, numerous restaurants, and a variety of shopping options all within two miles, ensuring a thriving commercial environment for your business. The property's address is 0000 State Road 44, Eustis, FL 32736. The asking price is $7,000,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pine Lakes
    County
    Lake
    State
    Florida
    Longitude
    -81.4938
    Latitude
    28.8934

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      19122 Fl-44

      Land • 2.00 Acres
      19122 Fl-44, Eustis, FL 32736
      View Details
    • Value Estimation by Request
      4,393 SF

      5010 Britt Rd

      Medical Office Space • 4,393 SF
      5010 Britt Rd, Eustis, FL 32736
      View Details
    • Value Estimation
      $820,000
      5,200 SF

      34934 Thrill Hl Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,200 SF
      34934 Thrill Hl Rd, Eustis, FL 32736-9467
      View Details
    • Value Estimation by Request
      4,650 SF

      31631 Fl-44

      Automotive properties • 4,650 SF
      31631 Fl-44, Eustis, FL 32736
      View Details
    • Value Estimation by Request
      2,286 SF

      19144 State Rd 44

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,286 SF
      19144 State Rd 44, Eustis, FL 32736-7294
      View Details
    • Value Estimation
      $4,450,000
      13,151 SF

      24450 State Rd 44

      DEPARTMENT STORE • 13,151 SF
      24450 State Rd 44, Eustis, FL 32736-9349
      View Details

    Similar Nearby for Sale

    • $7,000,000

      Eustis Commercial Land - 7 Acres

      Prime 7-acre commercial land, ideal location, flexible options.
      0000 State Rd 44, Pine Lakes, FL 32736
      View Details
    • $35,000

      Vacant Lot For Sale

      Vacant lot over a quarter acre.
      40314 Lime St, Eustis, FL 32736
      View Details
    • $85,000
      1.23 Acres

      Forested Land in Royal Trails

      Over 1 acre lot with community lake access.
      Cashew St, Eustis, FL 32736
      View Details
    • $225,900

      Land for Sale in Eustis

      Land available on Barrington Drive, Eustis, Florida.
      36717 Barrington Dr, Eustis, FL 32736
      View Details
    • New
      $490,000
      7.26 Acres

      7.26 Acres Vacant Land Parcel

      7.26-acre vacant land parcel with seasonal ponds and water well.
      S Sequoia Way, Eustis, FL 32736
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    0000 State Rd 44
    Pine Lakes, FL 32736
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    0000 State Rd 44, Pine Lakes, FL, 32736
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!