Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Orange Ave Eustis, FL 32726
    Back to Search
    Property profile & analytics

    Orange Ave Eustis, FL 32726

    View on Map
    • Office Spaces
    • 17.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 0 Orange Ave

    Lot size
    17.50 lot acres
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 17.5-acre mixed-use development opportunity in Eustis, Florida, presents a compelling investment prospect. Located on a highly desirable corner lot (Parcel# 07-19-37-000100000300) at E Orange Ave, this property boasts a concept plan already approved for a vibrant mixed-use project. The approved plan encompasses multi-family residential (202 units with a 12:1 density), commercial, and retail components. Situated in Lake County, the property is high and dry, offering a secure foundation for development. A comprehensive data room is available, providing access to all relevant documents, including approvals, site plans, renderings, financial projections, construction budgets, pro-formas, and engineering reports. Complete construction entitlements are currently underway with the city. Independent assessments place the as-is value with entitlements at $6,000,000 and the improved future value at $8,100,000. The property is zoned for mixed-use and residential development. C-PACE equity financing is also a possibility. This is a turnkey opportunity for developers seeking a prime location and a streamlined development process. The asking price for this remarkable property is $4,200,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -81.6523
    Latitude
    28.8537

    Comparable in this City

    • Value Estimation by Request
      2,758 SF

      1539 Highway 19

      Mixed-use properties • 2,758 SF
      1539 Highway 19, Eustis, FL 32726
      View Details
    • Value Estimation by Request
      3,624 SF

      1631 Highway 19

      Mixed-use properties • 3,624 SF
      1631 Highway 19, Eustis, FL 32726
      View Details
    • 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
      1.10 Acres

      0000 Lk Saunders Dr

      Land • 1.10 Acres
      0000 Lk Saunders Dr, 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

    Similar Nearby for Sale

    • $700,000
      1.64 Acres

      EUSTIS Mixed-Use Commercial Land Opportunity

      Rare 1.64-acre mixed-use parcel near Mount Dora.
      Gables Dr, Eustis, FL 32726
      View Details
    • $1,298,000
      8,000 SF

      EUSTIS Mixed-Use Income Property

      Fully leased mixed-use property with office, warehouse, and storage units.
      3101 Kurt St, Eustis, FL 32726
      View Details
    • $495,000
      Pending

      Downtown Eustis Mixed-Use Building

      Iconic 3,168 SF mixed-use building in downtown Eustis.
      114 E Magnolia Ave, Eustis, FL 32726
      View Details
    • $319,000

      Leased Medical Condos Investment Property

      Fully leased medical condos, an income-producing investment opportunity.
      2200 S Bay St, Eustis, FL 32726
      View Details
    • $1,100,000
      4,665 SF

      Renovated Medical/Professional Building on Highway

      Renovated medical/professional building with high visibility and solar power.
      901 N Grove St, Eustis, FL 32726
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Inviting Retail/Medical Space in Eustis

      Versatile retail/medical space in a prime Eustis location.
      2 N Eustis St, Eustis, FL 32726
      View Details
    • $18,150 /Mo

      Class A Office Suite Available

      Prime office space in Eustis, move-in ready with included furniture.
      2785 S Bay St, Eustis, FL 32726
      View Details
    • $48,000

      Eustis Office Space For Rent

      Office space available for lease in Eustis, Florida.
      24 E Magnolia Ave, Eustis, FL 32726
      View Details
    • Contact for pricing
      1 SF

      Eustis Corner Parcel for Lease

      Corner parcel available for ground lease near Publix Shopping Center.
      Huffstetler Dr & David Walker Dr, 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.
    Orange Ave
    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
    Orange Ave, 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!