Historic Mixed-Use
New
For Sale
$1,550,000
427 N DONNELLY Street, Mount Dora, FL 32757
SINGLE_FAMILY - MOUNT DORA, FL
Property Size4,646 SF
Lot Size0.12 Acres
Price / SF$333.62
Days on Market3
Property Features for 427 N DONNELLY Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
C-2
Security features
Security System
Subdivision
MOUNT DORA
Directions
Intersection of US Hwy 441 and Donnelly St go South on Donnelly through light at 5th Ave to property on Right.
Standard status
Active
APN
29-19-27-0030-003-00500
Size
4,646 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MOUNT DORA 31-19-27 LOT 5 N 8 FT OF LOT 6 BLK 3 PB 3 PGS 37-43 ORB 1002 PG 1299
Tax Annual Amount
12713
Legal Description
MOUNT DORA 31-19-27 LOT 5 N 8 FT OF LOT 6 BLK 3 PB 3 PGS 37-43 ORB 1002 PG 1299
Utilities
Sewer type
Private Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
gated rear entry
private entrance
Building Details
Year built
1910
Floors in Building
1
Building materials
Block
Listing Agency:
DAVE LOWE REALTY, INC.
(352) 383-7104
Listed By:
Nova Fuller · License #3082499
(352) 383-7104
Added: Aug 10
Changed: Aug 12
Last Checked: Aug 12 at 5:06PM
MLS# G5116312
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.
Built in 1910, this 4,646-square-foot mixed-use property combines a ground-level storefront with an upper-floor apartment. The interior arrangement includes a connecting staircase, while two exterior stairways provide separate access, including a private entry from the sidewalk. The layout can function as distinct commercial and residential areas or as a connected operation, subject to applicable requirements.
Located at 427 N Donnelly Street in Mount Dora, the property includes rear alley access, a gated rear entry, and three dedicated parking spaces. Block construction, central heating and central air support the building’s existing configuration. Public water and private sewer serve the property, which is zoned C-2 and occupies 0.12 acres.
Located at 427 N Donnelly Street in Mount Dora, the property includes rear alley access, a gated rear entry, and three dedicated parking spaces. Block construction, central heating and central air support the building’s existing configuration. Public water and private sewer serve the property, which is zoned C-2 and occupies 0.12 acres.
Key Highlights
- 4,646‑square‑foot mixed‑use building constructed in 1910
- Ground‑level storefront with an upstairs apartment
- Two exterior stairways, including a private sidewalk entrance
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
$69,411
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
4.48%
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%
$1,388,220
$1.4M
Cap Rate 7%
$991,586
$991.6K
Cap Rate 9%
$771,233
$771.2K
Market Conditions
NOI Build-Up for 4,646 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
$111.5K $24.00/SF
− Vacancy
−$19.0K −$4.08/SF
EGI
$92.5K $19.92/SF
− OpEx
−$23.1K −$4.98/SF
NOI
$69.4K $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%
$1,388,220
Cap Rate 7%
$991,586
Cap Rate 9%
$771,233
Alternative Uses
Best Use
Office B
$991.6K
$867.6K – $1.16M
NOI $69,411 @ 7.0% cap · market cap 4.48%
Second Best
Mixed Use
$876.1K
$766.6K – $1.02M
NOI $61,327 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,548 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,101
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?
Mixed-use property - Two levels combine a street-facing storefront with an upstairs apartment.
Where is this mixed-use property located?
The property is located at 427 N DONNELLY Street Mount Dora, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 4,646‑square‑foot mixed‑use building constructed in 1910; Ground‑level storefront with an upstairs apartment; Two exterior stairways, including a private sidewalk entrance
