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Property profile & analytics
OFF-MARKET
Commercial land

700 Mt Homer Rd Eustis, FL 32726-6254

616 SF 1 ac lot Built 1982
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-3026898
Property summary
AI-generated overview

This exceptional one-acre lot in Eustis, Florida (APN 22-19-26-0001-000-00200, located at 700 Mt Homer Rd, 32726) presents a fully entitled and shovel-ready opportunity for the development of a twelve-unit multifamily residential complex. The property is zoned for multi-family use, eliminating lengthy permitting processes. Detailed development plans are available, significantly reducing pre-construction timelines and costs. Architectural drawings are available for serious inquiries at an additional cost, and elevations are available for review. This prime location offers convenient access to major transportation routes, commercial centers, and a variety of amenities, ensuring high tenant demand and strong rental income potential. The property's strategic positioning within a rapidly growing area guarantees a significant return on investment. Capitalize on the escalating need for quality housing in this thriving community. This is an ideal investment for both seasoned developers and astute investors seeking a lucrative venture with minimal pre-development hurdles. The asking price is $395,000.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1982
Construction WOOD FRAME
Total area 616 SF
Lot 1 ac (43,560 SF)
APN 22-19-26-0001-000-00200
UPID US18-3026898
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
New Orleans Place LLC · 4 yrs held
New Orleans Place LLC
since 2022
Last sale
$240,000
3 recorded transactions
2022
$240,000
2020
$1.4M
2016
$525,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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