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Property profile & analytics
OFF-MARKET Estimated value $1,645,000
Retail space

400 Grv St Eustis, FL 32726-3428

14,500 SF 0.91 ac lot Built 1975
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US18-3569309
Property summary
AI-generated overview

This exceptional 1,786 square foot retail property at 400 S Grove Street, Eustis, FL, presents a compelling investment opportunity. Boasting excellent road frontage on a 0.2-acre lot, this property benefits from a high annual average daily traffic count of 15,000 vehicles, as reported by the Department of Transportation. Currently operating as a tint shop, the property's zoning (RT) allows for diverse uses, offering significant potential for increased income generation. The building features two air-conditioned office spaces equipped with window units, two bathrooms, and a spacious high-bay storage area suitable for larger vehicles and equipment. The property also includes 220v electrical service and a security system in place. An adjacent vacant parcel offers further expansion possibilities, subject to city verification of current and future permitted uses. This property is priced at $289,999 and represents a rare chance to acquire a well-located commercial space with substantial upside potential in a thriving area. Interested parties should independently verify zoning and permitted uses with the city of Eustis.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1975
Construction METAL FRAME
Total area 14,500 SF
Lot 0.91 ac (39,600 SF)
APN 02-19-26-0100-010-00000
UPID US18-3569309
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
  • Delibro Customs Interior Design Auto Repair Shop
  • Badcock Home Furniture &more Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.07M
Blend (final) Blend
$1.65M
Owner & transaction history
Young & Pate Eustis INC · 4 yrs held
Young & Pate Eustis INC
since 2021
Last sale
$1.0M
2 recorded transactions
2021
$1.0M
2014
$400,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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