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Property profile & analytics
FOR SALE
Day care centers
1601 S Bay St Eustis, FL 32726
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-5386406
For Sale
1 / 3
$800,000
1601 S Bay St, Eustis, FL 32726
View Listing →
Property summary
AI-generated overview
This exceptional mixed-use property, situated on a 0.38-acre lot at 1601 S Bay Street in Eustis, Florida, presents a unique investment opportunity. The 2,376 square foot building offers incredible versatility and is ideally located along heavily trafficked Highway 19 N, ensuring high visibility and accessibility. The property currently holds a license for up to 47 children, making it well-suited for a childcare center or preschool, although the existing business is not included in the sale. However, its adaptability extends far beyond childcare
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1954
Construction
CONCRETE BLOCKS
Total area
2,296 SF
Lot
0.38 ac (16,764 SF)
APN
14-19-26-1800-000-08701
UPID
US18-5386406
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Play-N-Learn, Inc. III Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Carl L Hatcher · 3 yrs held
Carl L Hatcher
since 2023
Last sale
$170,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Eustis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eustis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,757
Tax year 2023
Assessed value
$237,850
Assessed 2023
Previous assessed
$225,891
+5.3% YoY
Effective rate
2.00%
On assessed value
Land market value
$121,707
Improvement market value
$116,143
Total market value
$237,850
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
For Sale
Year built
1954
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
2,296 SF
Lot
0.38 ac (16,764 SF)
APN
14-19-26-1800-000-08701
UPID
US18-5386406
Jurisdiction
LAKE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1954
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.38 ac
Current owner
From public records · entity-resolved
Carl L Hatcher
Individual
Mailing address
3289 SPICER AVE, GRAND ISLAND, FL 32735-9018
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2023
$78,400
Carl L Hatcher
Sharon L Hatcher
Quit Claim Deed
related
—
Feb 28, 2014
—
Sharon L Hatcher
Hatcher,carl L & Sharon L
Quit Claim Deed
related
—
Aug 16, 2012
$170,000
Carl L Hatcher
Discovery R/e Holdings INC
Warranty Deed
$240,000 · United Southern Bank
Apr 2, 2009
—
Discovery R/e Holdings INC
Discovery Marketing & Distribu
Quit Claim Deed
related
—
Sep 10, 1998
$180,000
Discovery Marketing & Dist INC
Clarence E Harden Trust
Grant Deed
—
—
—
Carl L Hatcher
—
Deed Of Trust
related
—
—
—
Carl L Hatcher
—
Deed Of Trust
related
$21,000 · United Southern Bank
—
—
Discovery R/e Holdings INC
—
Deed Of Trust
related
$1,350,000 · Timothy V Randolph
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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