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    Property profile & analytics

    1345 Grandview St Mount Dora, FL 32757-3811

    • Retail space
    • 3,677 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    May 02, 2025
    $575,000
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    7.6%
    Retail space
    Location Intelligence
    Property ID
    US18-4492187
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 1345 Grandview St

    Year built
    1970
    Construction
    CONCRETE BLOCKS
    Lot size
    0.33 lot acres
    Property size
    3,677 SF
    Property type
    Retail space
    APN
    29-19-27-0050-138-00008
    APU
    291927005013800008

    Description

    This 3,677 square foot retail building, situated on a 0.32-acre lot in Mount Dora, Florida, presents a unique investment opportunity. Currently vacant, this property is ideally suited for a variety of uses, including convenience stores, QSRs, or other retail ventures. The building, constructed in 1970, features two units and boasts a C1 zoning designation, allowing for a wide range of commercial activities. Existing infrastructure includes a commercial refrigerator, hood, and grease trap, making it particularly attractive to food-related businesses. Ten parking spaces and a fenced side yard enhance the property's appeal. Its prime location, within walking distance of downtown Mount Dora and near several residential communities (including Dora Landings with over 100 homes and Donnelly Street), ensures high visibility and accessibility. Excellent road access is provided by proximity to major highways including US Hwy 441, SR 46, SR 453, SR 429, SR 44, and SR 19. The property's address is 1345 N Grandview St, Mount Dora, FL 32757, and the APN is 29-19-27-0050-138-0008. The asking price is $600,000. This is a rare chance to acquire a versatile commercial property in a thriving Florida community. The building is one story, with a single building on the lot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $570,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $725,000
      6.5%
      $670,000
      7%
      $620,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $610,000
      Current use
      WAREHOUSE, STORAGE
      $905,000
      Change: +49% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $860,000
      Change: +41% Conversion: Difficult
      OFFICE BUILDING
      $845,000
      Change: +38% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mount Dora
    County
    Lake
    State
    Florida
    Longitude
    -81.641
    Latitude
    28.8086
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,257
    $0.00
    $0.00
    $153,139
    -
    $34,447
    $118,692
    $153,139

    Comparable in this City

    • Value Estimation
      $1,295,000
      7,051 SF

      250 Donnelly St

      RETAIL STORES (PERSONAL SERVICES) • 7,051 SF
      250 Donnelly St, Mount Dora, FL 32757-5566
      View Details
    • Value Estimation
      $620,000
      5,202 SF

      3601 Hwy 19a

      RETAIL STORES (PERSONAL SERVICES) • 5,202 SF
      3601 Hwy 19a, Mount Dora, FL 32757-5301
      View Details
    • Value Estimation
      $1,040,000
      4,890 SF

      118 4th Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,890 SF
      118 4th Ave, Mount Dora, FL 32757
      View Details
    • Value Estimation
      $945,000
      4,450 SF

      237 4th Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,450 SF
      237 4th Ave, Mount Dora, FL 32757-5599
      View Details
    • Value Estimation
      $815,000
      3,840 SF

      135 4th Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,840 SF
      135 4th Ave, Mount Dora, FL 32757-5533
      View Details
    • Value Estimation
      $1,045,000
      7,440 SF

      3815 Lk Ctr Dr

      RETAIL STORES (PERSONAL SERVICES) • 7,440 SF
      3815 Lk Ctr Dr, Mount Dora, FL 32757-2212
      View Details

    Similar Nearby for Sale

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      State Road 46 Warehouse Opportunity

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      Golden Triangle Shopping Center

      Prime Retail Center, Mount Dora, FL
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      Commercial property in historic Mount Dora, ready for its next chapter.
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      Established auto repair shop in Mount Dora, ready for operation.
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    Similar Nearby for Lease

    • $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
    • $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
    • $154,020

      Retail Space in Mount Dora

      Retail space available for lease in Mount Dora, Florida.
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      View Details
    • Contact for pricing
      48,000 SF

      Mt. Dora Retail Pad - Prime Location

      Single-tenant retail space, build-to-suit option.
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      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
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    1345 Grandview St
    Mount Dora, FL 32757-3811
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    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
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