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    Property profile & analytics

    24400 State Road 44 Eustis, FL 32736

    • Grocery and convenience stores
    • 55,412 SF
    • 10.47 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    Apr 04, 2023
    $13,418,000
    Location Intelligence
    Property ID
    US18-6955433
    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

    • Grocery and convenience stores

    Property Details for 24400 State Road 44

    Year built
    2015
    Construction
    CONCRETE BLOCKS
    Lot size
    10.47 lot acres
    Property size
    55,412 SF
    Property type
    Grocery and convenience stores
    APN
    12-19-27-1900-00C-00000
    APU
    121927190000C00000

    Description

    This exceptional retail investment opportunity comprises 46,656 square feet of outparcels situated on a 0.65-acre lot at the prime corner of State Road 44 and County Road 437 in Eustis, Florida (zip code 32736). Built in 2015, the property benefits from its location in a rapidly growing area of Lake County, boasting excellent visibility and accessibility. The shopping center is currently 100% leased, providing immediate income potential. The outparcels are ideally suited for a variety of uses, including a bank, fast-food restaurant, or specialty retail establishment. This strategic location offers unparalleled convenience, being just half a mile from the prestigious Eagle Dunes Golf Club and its residential community, and only three miles from the renowned Red Tail Golf Club and its residential community. The surrounding area features a well-regarded hospital, updated parks and recreation areas, and numerous new restaurants, reflecting the ongoing positive development within Eustis and its environs. This presents a rare chance to acquire a high-performing retail property in a thriving market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $14,285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $12,560,000
      6.5%
      $12,545,000
      7%
      $12,410,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $12,490,000
      Geo Method
      $11,315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $12,870,000
      Retail
      $14,170,000
      Mixed-Use
      $13,645,000
      Hospitality
      $15,515,000
      Educational
      $15,630,000
      Residential Income
      $15,300,000
      Energy
      $12,665,000
      Income-Based Land
      $12,005,000
      Food Service
      $14,035,000

    Location Insight

    • Map
    • Local Demand
    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -81.5534
    Latitude
    28.8505
    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
    $152,012
    $0.00
    $0.00
    $7,463,460
    -
    $2,731,649
    $4,731,811
    $7,463,460

    Comparable in this City

    • 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
      5,374 SF

      19516 State Rd 44

      RETAIL STORES (PERSONAL SERVICES) • 5,374 SF
      19516 State Rd 44, Eustis, FL 32736-2103
      View Details
    • Value Estimation by Request
      2,640 SF

      31734 State Rd 44

      RETAIL STORES (PERSONAL SERVICES) • 2,640 SF
      31734 State Rd 44, Eustis, FL 32736-8922
      View Details
    • Value Estimation by Request
      2,978 SF

      24425 State Rd 44

      RETAIL STORES (PERSONAL SERVICES) • 2,978 SF
      24425 State Rd 44, Eustis, FL 32736-9350
      View Details
    • Value Estimation by Request
      1,000 SF

      31803 State Rd 44

      RETAIL STORES (PERSONAL SERVICES) • 1,000 SF
      31803 State Rd 44, Eustis, FL 32736-8925
      View Details
    • Value Estimation by Request
      2,480 SF

      31839 State Rd 44

      RETAIL STORES (PERSONAL SERVICES) • 2,480 SF
      31839 State Rd 44, Eustis, FL 32736-8925
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Eustis Retail Outparcels: Prime Location

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      24400 State Road 44, Eustis, FL 32736
      View Details
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      EUSTIS, FL - 1 Acre Land

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    24400 State Road 44
    Eustis, FL 32736
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    Realmo Value Estimation

    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.

    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.

    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
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