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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Warehouses
2599 County Rd 44, Eustis, FL 32726-6954
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-3902898
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Construction
WOOD FRAME
Total area
2,400 SF
Lot
4.14 ac (180,338 SF)
APN
33-18-26-0004-000-01400
UPID
US18-3902898
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
-
LEGACY POWDER COATING Powder Coating Service
-
Fritz Fence General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$419k
Blend (final)
Blend
$510k
Owner & transaction history
Rudi B Watts
Rudi B Watts
since 2025
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$835,000
+187.2%
Neighborhood: shopping center
$705,000
+142.7%
Retail stores
$565,000
+95.0%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$835,000
Change: +187% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$705,000
Change: +143% · Conversion: Moderate
RETAIL STORES
$565,000
Change: +95% · Conversion: Moderate
AUTO REPAIR, GARAGE
$560,000
Change: +93% · Conversion: Easy
OFFICE BUILDING
$340,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $600k (Jul 23 2025)
Last sale anchor
$600k
Jul 23 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$213 / SF
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
$4,345
Tax year 2023
Assessed value
$325,298
Assessed 2023
Previous assessed
$290,485
+12.0% YoY
Effective rate
1.34%
On assessed value
Land market value
$181,841
Improvement market value
$143,457
Total market value
$325,298
Applied tax rate
2.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
WOOD FRAME
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
2
Total area
2,400 SF
Lot
4.14 ac (180,338 SF)
APN
33-18-26-0004-000-01400
UPID
US18-3902898
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$835,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$705,000
RETAIL STORES
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$560,000
OFFICE BUILDING
Est. value
$340,000
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
4.14 ac
Current owner
From public records · entity-resolved
Rudi B Watts
Individual
Mailing address
41550 THOMAS BOAT LNDG RD, UMATILLA, FL 32784-9711
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2025
$600,000
Rudi B Watts
David T Fritz
Warranty Deed
$350,000 · David Fritz
Jul 31, 2023
—
David T Fritz
David T Fritz
Intrafamily Transfer
related
—
—
—
David T Fritz
—
Deed Of Trust
related
$251,610 · Bankfirst
—
—
David T Fritz
—
Deed Of Trust
related
$60,000 · Bankfirst
—
—
David T Fritz
—
Deed Of Trust
related
$260,000 · Bankfirst
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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