Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2051 Prevatt St Eustis, FL 32726-6141

    • Office buildings
    • 3,380 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9868085
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bellido Alex MD PA / Physician
    • Dr. Anthony Emelianchik, DPM / Physician

    Property Details for 2051 Prevatt St

    Year built
    2005
    Construction
    CONCRETE BLOCKS
    Lot size
    0.92 lot acres
    Property size
    3,380 SF
    Property type
    Office buildings
    APN
    15-19-26-0425-000-00300
    APU
    151926042500000300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $632,000
      Market price range: $325k - $633k
      AI Estimate
      $632,000
      Market price range: $325k - $633k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $475,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $995,000
      Change: +108% Conversion: Difficult
      RETAIL STORES
      $800,000
      Change: +67% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $790,000
      Change: +66% Conversion: Difficult
      WAREHOUSE, STORAGE
      $410,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -81.6924
    Latitude
    28.8341
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,346
    $0.00
    $0.00
    $566,144
    -
    $133,216
    $432,928
    $566,144

    Comparable in this City

    • Value Estimation by Request
      1,225 SF

      1128 Clifford Ave

      OFFICE BUILDING • 1,225 SF
      1128 Clifford Ave, Eustis, FL 32726-3730
      View Details
    • Value Estimation
      $1,775,000
      18,444 SF

      127 Grv St

      OFFICE BUILDING • 18,444 SF
      127 Grv St, Eustis, FL 32726-3483
      View Details
    • Value Estimation
      $1,265,000
      6,770 SF

      2300 Kurt St

      PROFESSIONAL BUILDING • 6,770 SF
      2300 Kurt St, Eustis, FL 32726-6169
      View Details
    • Value Estimation by Request
      1,007 SF

      1500 Morin St

      OFFICE BUILDING • 1,007 SF
      1500 Morin St, Eustis, FL 32726-5471
      View Details
    • Value Estimation by Request
      2,426 SF

      1216 Mt Homer Rd

      OFFICE BUILDING • 2,426 SF
      1216 Mt Homer Rd, Eustis, FL 32726-6258
      View Details
    • Value Estimation
      $560,000
      2,987 SF

      2105 Prevatt St

      PROFESSIONAL BUILDING • 2,987 SF
      2105 Prevatt St, Eustis, FL 32726-6131
      View Details

    Similar Nearby for Sale

    • New
      $3,000,000
      Pending

      Eustis Bank Building For Sale

      Spacious bank building in Eustis, perfect for multiple tenants.
      100 N Bay St, Eustis, FL 32726
      View Details
    • $4,200,000
      17.50 Acres

      Magnolia Landing: Mixed-Use Development

      17.5-Acre Mixed-Use Development in Eustis, FL
      0 Orange 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
    • $440,000
      3,021 SF

      Versatile Office Space in Eustis

      Adaptable office space with private parking near downtown Eustis.
      600 N Eustis St, Eustis, FL 32726
      View Details
    • $840,000

      Medical Office in Eustis CBD

      Professional medical office space for sale in Eustis, Florida.
      801 N Bay St, Eustis, FL 32726
      View Details
    • $800,000
      2,296 SF

      Eustis Property with Expansion Potential

      Versatile property in Eustis, Florida, ideal for various uses.
      1601 S Bay St, Eustis, FL 32726
      View Details

    Similar Nearby for Lease

    • $27,000

      Commercial Warehouse Unit For Lease

      1,650 SF commercial warehouse unit available for lease.
      2750 Dillard Rd, 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
    • $24,000

      Eustis Commercial Space For Rent

      Commercial space with offices, showroom, parking, and fenced lot.
      2044 Orange Ave, Eustis, FL 32726
      View Details
    • 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
    • Contact for pricing

      Retail Space in Eustis, Florida

      Retail property at a prominent intersection near major retailers.
      2864 David Walker Dr, 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
    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.
    2051 Prevatt St
    Eustis, FL 32726-6141
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!