Flex Space With Reception
New
For Sale
$395,000
2315 W OLD US HIGHWAY 441, Mount Dora, FL 32757
Adaptable commercial layout with offices, storage, two open work areas, a private restroom, and on-site parking.
Property Size1,875 SF
Price / SF$210.67
Days on Market4
Property Features for 2315 W OLD US HIGHWAY 441
General Information
Standard status
Active
Size
1,875 SF
Total Parking Spaces
13
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1948
Buildings
1
Building Size
1,875 SF
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Sonnylove Alicea · License #3496781
(407) 242-7116
Source:
Dennisrealty
Added: Sep 7
Changed: Sep 9
Last Checked: Sep 9 at 2:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This 1,875-square-foot flex property, built in 1948, offers a practical mix of customer-facing and back-of-house space. The interior includes a front reception area, dedicated office space, storage, and a private restroom. Two sizable open areas flank the building, supporting a range of showroom, workroom, office, studio, or retail-display configurations. Central air and a window/wall unit are listed among the property’s interior features.
The building fronts Old US Highway 441 in Mount Dora, with access from a paved asphalt city road. Approximately 13 parking spaces are available on site. Its roadside position and adaptable interior provide a commercial setting for an owner-user or other business operation requiring a combination of office, display, and flexible work areas.
The building fronts Old US Highway 441 in Mount Dora, with access from a paved asphalt city road. Approximately 13 parking spaces are available on site. Its roadside position and adaptable interior provide a commercial setting for an owner-user or other business operation requiring a combination of office, display, and flexible work areas.
Key Highlights
- 1,875 SF commercial flex property
- Two large open areas positioned on opposite sides of the building
- Front reception area plus dedicated office and storage space
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
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial layout with offices, storage, two open work areas, a 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 commercial flex property; Two large open areas positioned on opposite sides of the building; Front reception area plus dedicated office and storage space
