Flexible Commercial
New
For Sale
$395,000
2315 W OLD US HIGHWAY 441, Mount Dora, FL 32757
Commercial Sale, MOUNT DORA, FL
Property Size1,875 SF
Lot Size0.15 Acres
Price / SF$210.67
Days on Market5
Property Features for 2315 W OLD US HIGHWAY 441
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C-2
Window features
Blinds
Subdivision
SYLVAN SHORES
Directions
From SR-429, continue north toward Mount Dora and merge onto US-441 N. Continue on US-441 N, turn left onto Morningside Drive, then turn right onto W Old US Highway 441. Property will be on the right at 2315 W Old US Highway 441.
Standard status
Active
APN
25-19-26-1100-021-02300
Size
1,875 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SYLVAN SHORES FROM SW COR OF BLK 21 RUN E'LY ALONG N R/W OF OLD HWY 441 A DIST OF 213.64 FT FOR POB RUN N 55.2 FT TO CENTER OF COURT ALSO A VACATED ST E'LY ALONG SAID CENTERLINE 109.55 FT S'LY 61.53 FT TO N R/W OF OLD HWY 441 W'LY ALONG SAID R/W 111. 88 FT TO POB PB 9 PG 56 ORB 5941 PG 1711
Tax Annual Amount
3184
Legal Description
SYLVAN SHORES FROM SW COR OF BLK 21 RUN E'LY ALONG N R/W OF OLD HWY 441 A DIST OF 213.64 FT FOR POB RUN N 55.2 FT TO CENTER OF COURT ALSO A VACATED ST E'LY ALONG SAID CENTERLINE 109.55 FT S'LY 61.53 FT TO N R/W OF OLD HWY 441 W'LY ALONG SAID R/W 111. 88 FT TO POB PB 9 PG 56 ORB 5941 PG 1711
Utilities
Heating system
Electric (Heating), Central, Ductless (Heating)
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s)
Building Details
Year built
1948
Floors in Building
1
Building materials
Block
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Sonnylove Alicea
(407) 242-7116
Added: Sep 5
Changed: Sep 8
Last Checked: Sep 9 at 1:06AM
MLS# O6439766
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,875-square-foot flex property offers a practical commercial configuration for an owner-user or adaptable business operation. The interior includes a front reception area, dedicated office space, storage, a private restroom, and two large flex areas positioned on opposite sides of the building. The open areas can support showroom, workroom, office, display, or studio arrangements, subject to applicable requirements.
Situated along Old US Highway 441 in Mount Dora, the property provides road exposure and convenient access, with approximately 13 on-site parking spaces. The 0.15-acre parcel is zoned C-2 and improved with a block building constructed in 1948. Central air, electric heating, ductless heating, and window or wall-mounted cooling units are listed among the property systems.
Situated along Old US Highway 441 in Mount Dora, the property provides road exposure and convenient access, with approximately 13 on-site parking spaces. The 0.15-acre parcel is zoned C-2 and improved with a block building constructed in 1948. Central air, electric heating, ductless heating, and window or wall-mounted cooling units are listed among the property systems.
Key Highlights
- 1,875 SF flex property on a 0.15‑acre parcel
- Two large flex areas on opposite sides of the building
- Front reception, dedicated offices, storage, and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,184
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,680
$443.7K
Cap Rate 7%
$316,914
$316.9K
Cap Rate 9%
$246,489
$246.5K
Market Conditions
NOI Build-Up for 1,875 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.8K $18.00/SF
− Vacancy
−$2.1K −$1.10/SF
EGI
$31.7K $16.90/SF
− OpEx
−$9.5K −$5.07/SF
NOI
$22.2K $11.83/SF
Area
Lake County, FL
Vacancy
6.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,680
Cap Rate 7%
$316,914
Cap Rate 9%
$246,489
Alternative Uses
Best Use
Retail
$316.9K
$277.3K – $369.7K
NOI $22,184 @ 7.0% cap · market cap 5.62%
Second Best
Industrial
$149.6K
$130.9K – $174.6K
NOI $10,474 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$533.6K
$466.9K – $622.5K
NOI $37,350 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32757, FL
30,315
Population
14,625
Households
2.1
Avg Household Size
49
Median Age
36%
College-Educated
92%
High-School Grad
35.3 sq mi
ZIP Area
859
Density / Sq Mi
$73,327
Median Household Income
$40,565
Median Earnings
$1,474
Median Rent
$325,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial layout with reception, offices, storage, flex areas, private restroom, and on-site parking.
Where is this flex space located?
The property is located at 2315 W OLD US HIGHWAY 441 Mount Dora, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,875 SF flex property on a 0.15‑acre parcel; Two large flex areas on opposite sides of the building; Front reception, dedicated offices, storage, and private restroom
