Historic Downtown Retail
For Sale
$2,950,000
411 N DONNELLY ST, Mount Dora, FL 32757
Renaissance building offers 17,000+ rentable SF with 97% occupancy and one available suite.
Property Size20,217 SF
Lot Size0.15 Acres
Price / SF$145.92
Days on Market148
Property Features for 411 N DONNELLY ST
General Information
Standard status
Active
Size
20,217 SF
Lot size
0.15 Acres
Property subtype
Retail
Occupancy
97%
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$37,865
Amenities
Central Air
3
Central Business District, City Road, County Road, Paved Road.
Building Details
Year Built
1927
Tenancy
Multi
Listing Agency:
SIM REI
(352) 508-5870
Listed By:
Wesley Owen · License #3440270
(352) 434-9441
Source:
Xome
Added: Apr 12
Changed: Sep 2
Last Checked: Sep 5 at 5:55AM
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 SIM REI
Investment Insights
Based on property information with market context.
The iconic, historic Renaissance Building at 411 N Donnelly St is offered for sale, with seller financing available. The property is being sold as-is and includes co-tenants that include well-known local retailers, restaurants, and office users. The building totals 0.15 acres and has over 17,000 rentable square feet, with an occupancy rate of 97% and only one suite of vacancy.
Located in Downtown Mount Dora, the building is less than 2 miles from US-441 (Annual Average Daily Traffic of 27,000). It is also in close proximity to Old Highway 441 (AADT 7,600), supporting visibility and access for daily customer traffic.
For buyers seeking to acquire a largely occupied, historic storefront property with a single remaining vacancy, the Renaissance Building offers an easy in-place ownership opportunity with existing income-producing tenants.
Located in Downtown Mount Dora, the building is less than 2 miles from US-441 (Annual Average Daily Traffic of 27,000). It is also in close proximity to Old Highway 441 (AADT 7,600), supporting visibility and access for daily customer traffic.
For buyers seeking to acquire a largely occupied, historic storefront property with a single remaining vacancy, the Renaissance Building offers an easy in-place ownership opportunity with existing income-producing tenants.
Key Highlights
- Renaissance Building in Downtown Mount Dora offers 17,000+ rentable SF
- 97% occupied with only one suite currently vacant
- 0.15‑acre property sold as‑is
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
$239,195
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
8.11%
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%
$4,783,900
$4.8M
Cap Rate 7%
$3,417,071
$3.4M
Cap Rate 9%
$2,657,722
$2.7M
Market Conditions
NOI Build-Up for 20,217 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
$363.9K $18.00/SF
− Vacancy
−$22.2K −$1.10/SF
EGI
$341.7K $16.90/SF
− OpEx
−$102.5K −$5.07/SF
NOI
$239.2K $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%
$4,783,900
Cap Rate 7%
$3,417,071
Cap Rate 9%
$2,657,722
Alternative Uses
Best Use
Retail
$3.42M
$2.99M – $3.99M
NOI $239,195 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.75M
$5.03M – $6.71M
NOI $402,723 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
97%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Groceries 26%
Truist
Shops & Services
6,349 visits/mo
0.2 miles
The Spice & Tea Exchange
Groceries
2,182 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Renaissance building offers 17,000+ rentable SF with 97% occupancy and one available suite.
Where is this retail space located?
The property is located at 411 N DONNELLY ST Mount Dora, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Renaissance Building in Downtown Mount Dora offers 17,000+ rentable SF; 97% occupied with only one suite currently vacant; 0.15‑acre property sold as‑is
