Projects
Eustis Commerce Park
Project facts
- Status
- Completed
- Address
- 1220 Huffstetler Dr
- City
- Eustis, Florida
- Region
- Orlando MSA
- Submarket
- The Villages; Lady Lake
- Units
- 14
- Amenity tier
- Flex
- Key amenities
- Climate Control, Wash Bays & RV Stations
- Construction
- Metal
- Finish level
- Utility
- Year built
- 2019
- Flood zone
- X
Market value summary
- # of Sales (T-36)
- 7
- Avg Sale Price (T-36)
- $190 / SF
- Avg Sale Price (T-36)
- $286,000
- Avg Market Value
- $213 / SF
- Avg Market Value
- $328,000
Location Summary
Eustis / The Villages; Lady Lake Overview
Eustis Commerce Park sits at 1220 Huffstetler Drive, near the center of Lake County's Golden Triangle, the small-city cluster of Eustis, Tavares, and Mount Dora, with downtown Eustis about 2 miles north, Tavares about 2.5 miles southwest, and Mount Dora about 4 miles southeast. The platform files the site in the Villages and Lady Lake submarket, but it is not a Villages-adjacent property: those town centers sit roughly 20 miles west, so the project draws on the Golden Triangle's own household base and on eastern Lake County's growth front. That growth front is the relevant macro fact: the Orlando MSA reached about 2,957,672 residents as of July 1, 2025 and grew 1.3 percent year over year, sixth fastest among the thirty most populous U.S. regions, with Lake and Osceola counties capturing roughly three-quarters of the region's 2025 net migration.
The immediate trade area is a value-tier market and should be underwritten as one. Median home value within 5 miles is $277,220, only 13.1 percent of households clear $150,000 of income, and the portfolio-relative Wealth Index of 0.9 out of 10 places the site near the bottom of the SCK portfolio. The offsetting strength is an age and vehicle profile suited to owner-user product: median age 46.7, 41.7 percent aged 55 or older, and 15.9 percent of households keeping three or more vehicles. That fits the submarket's inherited demand character, where discretionary spending is wealth-driven rather than wage-driven, the signature of an asset-rich retiree base whose $62,187 median household income understates its purchasing capacity. At 14 units and Flex-Tier finish, this is a small, locally scaled asset serving hobbyist, boat and trailer, and small-contractor users.
State Road 19 and U.S. 441 carry north-south traffic through the Triangle, State Road 44 runs east-west, and the site fronts Huffstetler Drive, the AdventHealth Waterman campus street. State Road 429, the Wekiva Parkway, is the $1.6 billion, 25-mile final link in the Central Florida beltway connecting to Interstate 4 near Sanford, reached by way of State Road 46 southeast of Mount Dora; from that corridor downtown Orlando is about 30 minutes and Orlando International Airport about 38 minutes.
Current Events & Infrastructure
- AdventHealth Waterman Medical Office Building (less than 1 mile south, same street): A $30 million, two-story, 50,000 square foot outpatient building broke ground February 19, 2025 across from the hospital on Huffstetler Drive, backed by a $7 million foundation gift, and opened April 17, 2026 with imaging, cardiac rehabilitation, and laboratory services. It places a newly delivered institutional employer and steady weekday traffic on the project's own frontage road.
- Eustis High School reconstruction (about 2 miles northeast): A $40 million campus rebuild funded in equal thirds by the Lake County school board, the City of Eustis, and Lake County on a pay-as-you-go penny sales tax basis began construction at the end of May 2026, adding more than 54,000 square feet of classroom, athletic, and dining space; demolition is complete and foundations were underway as of July 2026. It is the clearest signal of municipal capital commitment to central Eustis in this cycle.
Key Demand Drivers
Golden Triangle households skew older, longer tenured, and more vehicle-heavy than the metro norm, and the surrounding housing stock is largely modest single-family product with one-car and two-car garages. Demand here is workshop, boat, trailer, and small-business space drawn from a lake-and-antiquing culture, not a luxury collection thesis.
- AdventHealth Waterman (less than 1 mile south): The Tavares campus records roughly 168,000 patient visits a year and completed a $3 million inpatient rehabilitation expansion in March 2025 that grew the unit from 12 to 22 beds.
- Lake Yale corridor mixed-use approval (about 5 miles northwest): Lake County commissioners approved rezoning on February 5, 2026 for more than 1,200 homes and apartments plus retail on former citrus farmland running from County Road 452 to the lakefront.
- Wolf Branch Innovation District (roughly 7 miles southeast): An 850-acre employment district on State Road 46 near the Wekiva Parkway targeting healthcare and life sciences, research and development, advanced manufacturing, and higher education, with approximately 13,000 projected jobs.
- Sunnyland Antique and Classic Boat Festival (about 2.5 miles southwest at Wooton Park, Tavares): The 45th annual event ran March 27 to 29, 2026, staging roughly 150 boats with 100 in-water displays across a third of a mile of Lake Dora waterfront and drawing more than 7,500 visitors from over 26 states.
- Renninger's Antique Center and Twin Markets (about 4 miles east): A 130-acre market property hosting three Antique Extravaganzas a year, each with more than 800 dealers, on the third weekend of November, January, and February.
Location Highlights
- MSA Position: Golden Triangle location inside the Orlando MSA's fastest-growing county, on the Lake County growth front rather than in a Villages trade area.
- Enthusiast and Collector Culture: The Lake Dora boat festival and Renninger's dealer shows give the area a genuine, if regional rather than national, collector following.
- Infrastructure and Recreation: Wekiva Parkway access to the Central Florida beltway, chain-of-lakes boating on Lake Eustis and Lake Dora, and the 124th annual GeorgeFest, held February 21 to 28, 2026 downtown and the longest continuously running event of its kind in the United States.
- Market-Specific Factor: A value-tier trade area at a 0.9 Wealth Index; assume local owner-user absorption at Flex-Tier pricing, not luxury-tier pricing or in-migration of collectors.
- Tax and Quality of Life: Florida levies no state income tax and led all states in income in-migration, gaining a net $20.6 billion in adjusted gross income in the latest IRS filing year.
- High Net Worth Concentration: Households earning $200,000 or more number 627 within 3 miles, 1,588 within 5 miles, and 2,613 within 7 miles, a thin base that widens only modestly with radius.
Area Demographics (ACS 2024)
5-Mile Profile: Population 59,222 | Median HH Income $65,802 | HH Earning $150K+ 13.1% | Median Age 46.7 | Age 55+ 41.7% | Seasonal Units 5.4% | Households with 3+ Vehicles 15.9%
Wealth Index: 0.9 / 10 (SCK portfolio-relative)
Unit values
| Unit | Size | Market value | $ / SF |
|---|---|---|---|
| Unit 101 | 1,500 SF | $322,000 | $215 / SF |
| Unit 102 | 1,500 SF | $322,000 | $215 / SF |
| Unit 103 | 1,500 SF | $322,000 | $215 / SF |
| Unit 104 | 1,500 SF | $322,000 | $215 / SF |
| Unit 201 | 1,500 SF | $322,000 | $215 / SF |
| Unit 202 | 1,500 SF | $322,000 | $215 / SF |
| Unit 203 | 1,500 SF | $322,000 | $215 / SF |
| Unit 204 | 1,500 SF | $322,000 | $215 / SF |
| Unit 301 | 1,500 SF | $322,000 | $215 / SF |
| Unit 302 | 1,500 SF | $322,000 | $215 / SF |
| Unit 303 | 1,800 SF | $364,000 | $202 / SF |
| Unit 304 | 1,800 SF | $364,000 | $202 / SF |
| Unit 305 | 1,500 SF | $322,000 | $215 / SF |
| Unit 306 | 1,500 SF | $322,000 | $215 / SF |