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    FOR SALE
    Grocery and convenience stores

    24400 State Road 44, Eustis, FL 32736

    55,412 SF 10.47 ac lot Built 2015
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US18-6955433
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 2015
    Construction CONCRETE BLOCKS
    Total area 55,412 SF
    Lot 10.47 ac (456,073 SF)
    APN 12-19-27-1900-00C-00000
    UPID US18-6955433
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $10.09M
    Comparable Approach Comparable
    $16.97M
    Blend (final) Blend
    $14.19M
    Owner & transaction history
    Real Sub LLC · 3 yrs held
    Real Sub LLC
    since 2023
    Last sale
    $13.4M
    4 recorded transactions
    2023
    $13.4M
    2016
    $12.3M
    2010
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $19.3M +47.3%
    Neighborhood: shopping center $16.3M +24.5%
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    More about this property
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