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Property profile & analytics
FOR SALE
Retail space
353 Plaza Dr Eustis, FL 32726
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-5432975
For Sale
1 / 13
$4,850,000
353 Plaza Dr, Eustis, FL 32726
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
CONCRETE BLOCKS
Total area
22,390 SF
Lot
5.22 ac (227,280 SF)
APN
22-19-26-0401-000-03700
UPID
US18-5432975
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
-
Armored Up Health and Fitness Physician
-
Blooming Gift Store & Boutique LLC Clothing & Fashion Store
-
Grappling Mastery: BJJ & Muay Thai Academy Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.06M
Blend (final)
Blend
$6.06M
Owner & transaction history
Shantakrupa LLC · 7 yrs held
Shantakrupa LLC
since 2018
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.0M
+88.8%
Commercial (general)
$7.8M
+47.3%
Neighborhood: shopping center
$6.6M
+24.5%
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
RETAIL STORES
$5,285,000
Current use
RESTAURANT
$9,980,000
Change: +89% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,785,000
Change: +47% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,580,000
Change: +24% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,235,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$6.06M
Range $5.45M – $6.66M · ±10%
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
$270 / 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
$52,881
Tax year 2023
Assessed value
$2,663,785
Assessed 2023
Previous assessed
$2,402,140
+10.9% YoY
Effective rate
1.99%
On assessed value
Land market value
$1,361,294
Improvement market value
$1,302,491
Total market value
$2,663,785
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1968
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Bathrooms
16
Total area
22,390 SF
Lot
5.22 ac (227,280 SF)
APN
22-19-26-0401-000-03700
UPID
US18-5432975
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
RETAIL STORES Current
Est. value
$5.3M
RESTAURANT
Est. value
$10.0M
COMMERCIAL (GENERAL)
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$5.2M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1968
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
16
Lot
5.22 ac
Current owner
From public records · entity-resolved
Shantakrupa LLC
Entity
Mailing address
12386 STATE RD 535TH #403, ORLANDO, FL 32836-6701
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2018
$3,400,000
Shantakrupa LLC
Tri Success Partners Lllp
Warranty Deed
$1,800,000 · Citizens First Bank INC
—
—
Triangle Center INC
—
Deed Of Trust
related
$600,000 · First Green Bank
—
—
Triangle Center INC
—
Deed Of Trust
related
$500,000 · First National Bank Mt Dora
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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