Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    498 Liberty Ave Mount Dora, FL 32757

    • Land
    • 3.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 498 Liberty Ave

    Lot size
    3.40 lot acres
    Property type
    Land

    Description

    Exceptional opportunity to acquire 3.4 acres of land zoned R-3 in desirable Mount Dora, Florida. This prime parcel, located at 498 Liberty Ave, is situated less than half a mile from the vibrant downtown area, offering unparalleled access to shops, restaurants, and the artistic atmosphere that defines Mt. Dora. The property's APN is 291927005041500001 and is being offered for sale by owner at $2,500,000. Its proximity to Gilbert Park and Lake Dora adds to its appeal. The current zoning allows for up to 61 multifamily units, presenting a significant development potential. Existing site plans for a 30-unit townhome community or a 60-unit apartment building are available for review. This represents a rare infill opportunity in a rapidly growing market, making it a strategic investment with substantial long-term value. The lush greenery surrounding the property ensures a serene and picturesque setting. This is a unique chance to create a residential development, boutique hotel, or other commercial venture in a highly sought-after location. Don't miss this chance to build your vision in the heart of Mt. Dora.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Dora
    County
    Lake
    State
    Florida
    Longitude
    -81.6403
    Latitude
    28.7941

    Comparable in this City

    • Value Estimation by Request
      41.00 Acres

      6063 Allen St

      Land • 41.00 Acres
      6063 Allen St, Mount Dora, FL 32757
      View Details
    • Value Estimation by Request
      75.91 Acres

      Sadler Rd

      Land • 75.91 Acres
      0 Sadler Rd, Mount Dora, FL 32757
      View Details
    • Value Estimation by Request
      4.35 Acres

      6075 Orange Blossom Trl

      Farms • 4.35 Acres
      6075 Orange Blossom Trl, Mount Dora, FL 32757
      View Details
    • Value Estimation by Request
      47.00 Acres

      Future Farmer Rd & Britt Rd

      Land • 47.00 Acres
      0 Future Farmer Rd & Britt Rd, Mount Dora, FL 32757
      View Details
    • Value Estimation by Request
      0.48 Acres

      404 Grant St

      Land • 0.48 Acres
      404 Grant St, Tangerine, FL 32757
      View Details
    • Value Estimation by Request
      0.26 Acres

      620 Highland St

      Land • 1,886 SF
      620 Highland St, Mount Dora, FL 32757
      View Details

    Similar Nearby for Sale

    • $3,899,000
      41.00 Acres

      Mount Dora 41-Acre Residential Land

      Prime location, development potential.
      6063 Allen St, Mount Dora, FL 32757
      View Details
    • $975,000
      2.54 Acres

      Mount Dora Commercial Land

      Prime 2.54-acre commercial site
      0 Pine Ave, Mount Dora, FL 32757
      View Details
    • $3,000,000
      10.93 Acres

      Prime Hwy 441 Commercial Land

      10.93 Acres, High Traffic, C-1 Zoning
      6726 Sadler Rd, Mount Dora, FL 32757
      View Details
    • Contact for pricing
      4.14 Acres

      Mount Dora Commercial Land

      4.14 Acres, Prime Commercial Location
      0 Lake Park Ct, Mount Dora, FL 32757
      View Details
    • $235,000

      Land Available in Mount Dora

      Land for sale in Mount Dora, Florida.
      7041 Norne Ln, Mount Dora, FL 32757
      View Details
    • $1,899,000
      0.44 Acres

      Mount Dora Office Building Investment

      Historic Office Building, High NOI
      851 Donnelly St, Mount Dora, FL 32757
      View Details

    Similar Nearby for Lease

    • $96,864

      Mount Dora Professional Office Building

      Professional office building on US Hwy 441 in Mt Dora.
      18610 Us Highway 441, Mount Dora, FL 32757
      View Details
    • $1,450 /Mo
      960 SF

      Mount Dora Office/Warehouse Space

      Prime office and warehouse space suitable for contractors and trades.
      3707 Lake Center Dr, Mount Dora, FL 32757
      View Details
    • $945 /Mo
      4,440 SF

      Downtown Mount Dora Vendor Space

      Thriving marketplace space in downtown Mount Dora, ready for your business.
      334 N Donnelly St, Mount Dora, FL 32757
      View Details
    • $36,000

      Retail Space Available For Rent

      Retail space available for lease in Mount Dora, Florida.
      822 N Donnelly St, Mount Dora, FL 32757
      View Details
    • $775 /Mo
      3,261 SF

      Mount Dora Office Space Available

      Professional office space in Mount Dora, utilities included.
      851 N Donnelly St, Mount Dora, FL 32757
      View Details
    • $30,000

      Versatile Commercial Space For Lease

      Minutes from Downtown Mount Dora with excellent exposure.
      2315 W Old Us Highway 441, Mount Dora, FL 32757
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    498 Liberty Ave
    Mount Dora, FL 32757
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!