Contiguous Office Condo
For Sale
$265,000
30924 SUNEAGLE Drive, Mount Dora, FL 32757
Commercial Sale, MOUNT DORA, FL
Property Size1,125 SF
Lot Size0.01 Acres
Price / SF$235.56
Days on Market96
Property Features for 30924 SUNEAGLE Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
LM
Subdivision
SUNEAGLE COMMERCE PARK CONDO UNIT 100
Directions
From Downtown Orlando, Take the FL-408 W. Continue on FL-408 W. Take FL-429 N to FL-46 W in Lake County. Take the FL-46 W exit from FL-453. Continue on FL-46 W to the property, turning left on Suneagle Dr. Property will be on the left.
Standard status
Active
APN
34-19-27-0010-000-20200
Size
1,125 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUNEAGLE COMMERCE PARK CONDOMINIUM (ORB 3325 PG 2120-2178) UNIT 202 ORB 6007 PG 190 SUNEAGLE COMMERCE PARK CONDOMINIUM (ORB 3325 PG 2120-2178) UNIT 201 ORB 6088 PG 1360 SUNEAGLE COMMERCE PARK CONDOMINIUM (ORB 3325 PG 2120-2178) UNIT 203 ORB 6007 PG 190
Tax Annual Amount
1188
Legal Description
SUNEAGLE COMMERCE PARK CONDOMINIUM (ORB 3325 PG 2120-2178) UNIT 202 ORB 6007 PG 190 SUNEAGLE COMMERCE PARK CONDOMINIUM (ORB 3325 PG 2120-2178) UNIT 201 ORB 6088 PG 1360 SUNEAGLE COMMERCE PARK CONDOMINIUM (ORB 3325 PG 2120-2178) UNIT 203 ORB 6007 PG 190
Utilities
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
2006
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Brick, Metal Frame
Listing Agency:
CENTURY 21 HANCOCK
(352) 708-5650
Listed By:
Benjamin Link · License #3643577
(631) 294-8056
Added: May 22
Changed: Aug 24
Last Checked: Aug 25 at 5:06PM
MLS# G5112818
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 offering includes three contiguous commercial condominium units totaling 1,125 square feet within Suneagle Commerce Park. The combined suite provides an open-concept interior, three bathrooms, and new flooring, with ceramic tile among the documented flooring materials. The property was built in 2006 and carries LM zoning.
Positioned off State Road 46 in Mount Dora, the units provide access to the SR-46 and Wekiva Parkway corridor. The space is identified as suitable for freight and logistics brokerage operations, back-office work, and service-oriented businesses. It is also located within the Wolf Branch Innovation District, an area described as supporting live, work, play, and business activity.
Positioned off State Road 46 in Mount Dora, the units provide access to the SR-46 and Wekiva Parkway corridor. The space is identified as suitable for freight and logistics brokerage operations, back-office work, and service-oriented businesses. It is also located within the Wolf Branch Innovation District, an area described as supporting live, work, play, and business activity.
Key Highlights
- Three contiguous commercial condo units
- 1,125 SF combined suite with open‑concept layout
- Three bathrooms within the connected units
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
Lease Details
3
Office units
Yes
Highway access
Yes
Paved road access
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 - Three connected commercial units offer an open layout, updated flooring, and multiple bathrooms for business operations.
Where is this office units located?
The property is located at 30924 SUNEAGLE Drive 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; 1,125 SF combined suite with open‑concept layout; Three bathrooms within the connected units
