Property profile

24400 State Road 44 Eustis, FL 32736

FOR SALE
Grocery and convenience stores
Property ID
US18-6955433
55,412 SF 10.47 ac lot Built 2015
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

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

Location

24400 State Road 44 Eustis, FL 32736
Eustis metro Census 30917 ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$10.09M
Comparable Approach Comparable
$16.97M
Blend (final) Blend
$14.29M

Owner & transaction history

since 2023
Last sale
$13.4M
4 recorded transactions
2023
$13.4M
2016
$12.3M
2010
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $19.3M +47.3%
Neighborhood: shopping center $16.3M +24.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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