Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    0000 Lk Saunders Dr Eustis, FL 32726

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    0000 Lk Saunders Dr Eustis, FL 32726

    View on Map
    • Land
    • 1.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0000 Lk Saunders Dr

    Lot size
    1.10 lot acres
    Property type
    Land

    Description

    This exceptional 1.1-acre commercial land parcel, located in Eustis, Florida, presents a remarkable investment opportunity. Situated on US Highway 441, the property boasts over 445 feet of high-visibility frontage, ensuring maximum exposure for any commercial venture. The property is zoned C-1, allowing for a wide range of commercial uses. Comprising two parcels (APN 1408431 & 3800589), this fee simple ownership offers significant flexibility. Access is conveniently located off Lake Saunders Drive. An existing billboard further enhances the property's marketing potential. The asking price is $349,000. While all information is believed to be accurate, it is not guaranteed and is subject to change. This prime location in the City of Eustis, with its excellent visibility and flexible zoning, makes this an ideal site for a variety of commercial developments. The zip code is 32726.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -81.6875
    Latitude
    28.822

    Comparable in this City

    • Value Estimation by Request
      1.51 Acres

      Swq Of Orange Ave And Abrams Rd

      Land • 1.51 Acres
      0 Swq Of Orange Ave And Abrams Rd, Eustis, FL 32726
      View Details
    • Value Estimation by Request
      17.50 Acres

      Orange Ave

      Multifamily properties • 17.50 Acres
      0 Orange Ave, Eustis, FL 32726
      View Details
    • Value Estimation by Request
      6.41 Acres

      David Walker Dr And Huffstetler Dr

      Land • 6.41 Acres
      0 David Walker Dr And Huffstetler Dr, Eustis, FL 32726
      View Details
    • Value Estimation by Request
      1.85 Acres

      Highway 441

      Land • 1.85 Acres
      0 Highway 441, Eustis, FL 32726
      View Details
    • Value Estimation by Request
      0.81 Acres

      16160 Us Highway 441

      Land • 0.81 Acres
      16160 Us Highway 441, Eustis, FL 32726
      View Details
    • Value Estimation by Request
      5.05 Acres

      County Road 44

      Land • 5.05 Acres
      0 County Road 44, Eustis, FL 32726
      View Details

    Similar Nearby for Sale

    • $525,000
      4.21 Acres

      Lakefront Land Parcel in Eustis

      4.21 acre lakefront parcel ready for your dream home.
      State Road 44, Eustis, FL 32726
      View Details
    • $70,000
      0.29 Acres

      Residential Land Near Downtown Eustis

      Residential land for sale near downtown Eustis, Florida.
      Grant Ave, Eustis, FL 32726
      View Details
    • $599,900
      0.22 Acres

      EUSTIS Land Ready For Development

      Permit-ready land for 5-townhome development near downtown Eustis.
      60 Lakeshore Breeze Ct, Eustis, FL 32726
      View Details
    • $250,000
      0.55 Acres

      Lakefront Lot on Lake Louise

      Vacant lot on Lake Louise near Mount Dora.
      Westmoreland Ave, Eustis, FL 32726
      View Details
    • $45,000
      0.23 Acres

      EUSTIS, FL Vacant Land

      Vacant lot in Eustis, Florida, perfect for building.
      Morningview Dr, Eustis, FL 32726
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,508 SF

      Eustis Retail Space For Lease

      Retail space available in high-traffic Eustis shopping center.
      2830-2840 S Bay St, Eustis, FL 32726
      View Details
    • Contact for pricing
      2,572 SF

      Former Restaurant Space Available

      2,572 SF former restaurant space for lease.
      1901 Highway 19 N, Eustis, FL 32726
      View Details
    • $2,250 /Mo
      1,650 SF

      EUSTIS Warehouse with Office Space

      1,650 SF commercial warehouse unit with office, available September 1st.
      2750 Dillard Rd, Eustis, FL 32726
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, totaling 25,650 square feet.
      1955 N County Road 19A, Eustis, FL 32726
      View Details
    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 Lk Saunders Dr
    Eustis, FL 32726
    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 Lk Saunders Dr, Eustis, FL, 32726

    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!