Move-in Ready Commercial Condo
For Sale
$265,000
30924 SUNEAGLE DRIVE #Suite 201-203, Mount Dora, FL 32757
Contiguous condo units in Suneagle Commerce Park, move-in ready.
Property Size1,125 SF
Price / SF$235.56
Days on Market95
Property Features for 30924 SUNEAGLE DRIVE #Suite 201-203
General Information
Standard status
Active
Size
1,125 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,188
Amenities
Central air
Pool
Public Pool
Ceramic Tile Flooring
Wall/Window Unit(s) Cooling
Building Details
Year Built
2006
Listing Agency:
CENTURY 21 HANCOCK
(352) 708-5650
Listed By:
BENJAMIN LINK
Source:
Corcoran
Added: May 26
Changed: Aug 28
Last Checked: Aug 28 at 11:12AM
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 CENTURY 21 HANCOCK
Investment Insights
Based on property information with market context.
Three contiguous commercial condo units are available in Suneagle Commerce Park, offering a combined area of approximately 1,125 square feet. The suite features an open concept, new flooring, and three bathrooms. Ideally suited for freight or logistics brokers, back-office professionals, or service-based businesses, the space provides immediate access to the State Road 46 and Wekiva Parkway corridor. The location is within the Wolf Branch Innovation District, which proposes a live, work, play, and doing business environment. The property is strategically located off State Road 46 in Mount Dora, Florida.
Key Highlights
- Three contiguous commercial condo units totaling ± 1,125 SF.
- Strategically located off State Road 46 with immediate access to the SR‑46/ Wekiva Parkway corridor.
- Located within the Wolf Branch Innovation District.
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
$16,808
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
6.34%
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%
$336,160
$336.2K
Cap Rate 7%
$240,114
$240.1K
Cap Rate 9%
$186,756
$186.8K
Market Conditions
NOI Build-Up for 1,125 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
$27.0K $24.00/SF
− Vacancy
−$4.6K −$4.08/SF
EGI
$22.4K $19.92/SF
− OpEx
−$5.6K −$4.98/SF
NOI
$16.8K $14.94/SF
Area
Lake County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$336,160
Cap Rate 7%
$240,114
Cap Rate 9%
$186,756
Alternative Uses
Best Use
Office B
$240.1K
$210.1K – $280.1K
NOI $16,808 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$320.1K
$280.1K – $373.5K
NOI $22,410 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Contiguous condo units in Suneagle Commerce Park, move-in ready.
Where is this office units located?
The property is located at 30924 SUNEAGLE DRIVE #Suite 201-203 Mount Dora, FL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Three contiguous commercial condo units totaling ± 1,125 SF.; Strategically located off State Road 46 with immediate access to the SR‑46/ Wekiva Parkway corridor.; Located within the Wolf Branch Innovation District.
