Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16860 Us Highway 441 Mount Dora, FL 32757
    Back to Search
    Property profile & analytics

    16860 Us Highway 441 Mount Dora, FL 32757

    View on Map
    • Lifestyle centers
    • 136,864 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 16860 Us Highway 441

    Property size
    136,864 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail space, part of the Tri-Cities Shopping Plaza in Mount Dora, Florida, presents a prime investment opportunity. Located at 16860 & 16888 US Hwy 441, 32757, this shopping center boasts a total of 136,864 square feet of retail space. Currently, there is 1,200 square feet of vacant space available, including one immediately available unit of 900 square feet, perfect for a variety of retail businesses. The property is situated in Lake County, Florida, benefiting from high visibility and traffic along US Highway 441. The multiple-tenancy structure provides a diverse and thriving retail environment. This is an excellent chance to establish or expand your business within a well-established and successful shopping center. The property's strategic location in Mount Dora offers access to a strong local customer base and significant tourist traffic. The available space is ready for immediate occupancy, providing a seamless transition for your business. Don't miss this opportunity to secure a prime retail location in a bustling community. The property is classified as a shopping center and offers a strong potential for return on investment. Further details are available upon request.

    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
    -81.6761
    Latitude
    28.8195

    Comparable in this City

    • Value Estimation by Request

      2300 Spg Hbr Blvd

      Neighborhood centers
      2300 Spg Hbr Blvd, Mount Dora, FL 32757
      View Details
    • Value Estimation by Request
      9,210 SF

      16880 Us 441

      Neighborhood centers • 9,210 SF
      16880 Us 441, Mount Dora, FL 32757
      View Details
    • Value Estimation
      $11,505,000
      121,590 SF

      2711 Old Us Hwy 441

      MINI-MALL • 121,590 SF
      2711 Old Us Hwy 441, Mount Dora, FL 32757-3526
      View Details
    • Value Estimation by Request
      1,300 SF

      18770 Us Hwy 441

      MINI-MALL • 1,300 SF
      18770 Us Hwy 441, Mount Dora, FL 32757-6723
      View Details
    • Value Estimation by Request
      4,800 SF

      16892 Us Hwy 441

      MINI-MALL • 4,800 SF
      16892 Us Hwy 441, Mount Dora, FL 32757-6729
      View Details
    • Value Estimation
      $11,300,000
      64,730 SF

      18980 Us Hwy 441

      MINI-MALL • 64,730 SF
      18980 Us Hwy 441, Mount Dora, FL 32757-6736
      View Details

    Similar Nearby for Sale

    • $8,000,000
      155,000 SF

      Golden Triangle Shopping Center

      Prime Retail Center, Mount Dora, FL
      2711 Old Us Highway 441, Mount Dora, FL 32757
      View Details
    • Contact for pricing
      73,479 SF

      Mount Dora Retail Investment Opportunity

      Fully leased retail property with value-add potential.
      2728 W Old Us Highway 441, Mount Dora, FL 32757
      View Details
    • $8,224,000
      10,303 SF

      Mount Dora Retail Space Available

      Retail space for sale in Mount Dora, Florida.
      19310 Us Highway 441, Mount Dora, FL 32757
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      1,095 SF

      Retail Space on US-441

      Retail space available in Mount Dora, excellent visibility and traffic.
      18900 Us Highway 441, Mount Dora, FL 32757
      View Details
    • Contact for pricing

      Retail Pad Site Available

      3+ acre retail pad site available for lease.
      2300 Spg Hbr Blvd, Mount Dora, FL 32757
      View Details
    • $28 SF/Yr
      1,095 SF

      Retail Space on US 441

      Retail space for lease on highly trafficked US 441.
      18910-18990 Us Highway 441, Mount Dora, FL 32757
      View Details
    • $96,864
      4,036 SF

      Mount Dora Retail Space Available

      Retail space available for lease in Mount Dora, Florida.
      18610 Us Highway 441, Mount Dora, FL 32757
      View Details
    • $18,000 /Mo

      Versatile Retail Space in Mount Dora

      Open retail space with bath in central Mount Dora.
      4400 9Th Ave, Mount Dora, FL 32757
      View Details
    • $5,677 /Mo
      1,867 SF

      Downtown Mount Dora Retail Space

      Retail space in downtown Mount Dora near Sunday Farmers Market.
      237 W 4Th Ave, 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.
    16860 Us Highway 441
    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

    Thank You for Inquiry
    16860 Us Highway 441, Mount Dora, FL, 32757
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!