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    851 Donnelly St Mount Dora, FL 32757

    Sponsored
    For Sale
    $1,899,000

    Historic Office Building, High NOI

    Property size:
    3,261 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 851 N Donnelly St in Mount Dora, Florida (32757), presents a compelling investment opportunity. The 3,261 square foot building, situated on a 0.44-acre lot, boasts a strong history of full occupancy and long-term tenants, currently achieving 100% occupancy. The property features a mix of tenants with single and multi-year leases, generating an annual net operating income (NOI) exceeding $53,890, resulting in a 2.84% capitalization rate. The asking price is $1,899,000. The building includes attractive features such as upper and lower lobbies/waiting areas with adjacent restrooms, a variety of suites (some with private entry and restrooms), and a double suite with a balcony. A significant advantage is the inclusion of a separately deeded, paved, and landscaped private parking lot. This well-maintained building is ideally situated in Mount Dora's business district, offering excellent visibility and accessibility. The gross lease structure simplifies management, and the current rent roll demonstrates consistent, high-value tenancy. This property represents a rare opportunity to acquire a stable, high-performing commercial asset in a desirable location.

    Property Features for 851 Donnelly St

    General Information

    Property type
    Land
    Square Feet
    3,261 SF
    Lot Size
    19,166 SF

    HighLights

    • $1,899,000 asking price.
    • 3,261 SF special purpose commercial land in Mount Dora, FL.
    • Gross lease, single tenant, 100% occupancy.
    • $53,890 NOI, 2.84% cap rate.
    • 0.44‑acre lot with paved, landscaped parking lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Dora
    County
    Lake
    State
    Florida
    Longitude
    -81.645026
    Latitude
    28.8039867

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    FAQs

    What type of property is this?
    Land - Historic Office Building, High NOI
    Where is this land located?
    The property is located at 851 Donnelly St Mount Dora, FL.
    What is the asking price?
    The asking price for this property is $1,899,000.
    What are key features of this property?
    This property features: $1,899,000 asking price.; 3,261 SF special purpose commercial land in Mount Dora, FL.; Gross lease, single tenant, 100% occupancy.
    Request Owner's contact information
    851 Donnelly St Mount Dora, FL 32757
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    Mount Dora, FL 32757
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    851 Donnelly St Mount Dora, FL 32757
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