Sign Up Successful!
You now have access to more from Realmo!
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

    152 3rd Ave Mount Dora, FL 32757-5530

    • Office buildings
    • 1,968 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7826507
    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

    • Office buildings

    Property Details for 152 3rd Ave

    Year built
    1920
    Construction
    WOOD FRAME
    Lot size
    0.17 lot acres
    Property size
    1,968 SF
    Property type
    Office buildings
    APN
    31-19-27-1500-000-00100
    APU
    311927150000000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $740,000
      Market price range: $252k - $741k
      AI Estimate
      $740,000
      Market price range: $224k - $741k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $450,000
      Current use
      COMMERCIAL (GENERAL)
      $685,000
      Change: +52% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $580,000
      Change: +28% Conversion: Difficult
      WAREHOUSE, STORAGE
      $485,000
      Change: +8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $460,000
      Change: +2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Dora
    County
    Lake
    State
    Florida
    Longitude
    -81.6439
    Latitude
    28.7985
    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
    $8,098
    $0.00
    $0.00
    $424,504
    -
    $247,566
    $176,938
    $424,504

    Comparable in this City

    • Value Estimation by Request
      247 SF

      16400 County Rd 48

      OFFICE BUILDING • 247 SF
      16400 County Rd 48, Mount Dora, FL 32757-9702
      View Details
    • Value Estimation
      $2,480,000
      8,427 SF

      900 Donnelly St

      OFFICE BUILDING (MULTI-STORY) • 8,427 SF
      900 Donnelly St, Mount Dora, FL 32757-4838
      View Details
    • Value Estimation by Request
      1,105 SF

      5424 Lk St

      OFFICE BUILDING • 1,105 SF
      5424 Lk St, Mount Dora, FL 32757
      View Details
    • Value Estimation
      $900,000
      3,120 SF

      3587 Lk Ctr Dr

      PROFESSIONAL BUILDING • 3,120 SF
      3587 Lk Ctr Dr, Mount Dora, FL 32757-2365
      View Details
    • Value Estimation
      $900,000
      2,948 SF

      3750 Lk Ctr Loop

      PROFESSIONAL BUILDING • 2,948 SF
      3750 Lk Ctr Loop, Mount Dora, FL 32757-2211
      View Details
    • Value Estimation by Request
      720 SF

      445 Limit Ave

      OFFICE BUILDING • 720 SF
      445 Limit Ave, Mount Dora, FL 32757-2922
      View Details

    Similar Nearby for Sale

    • $499,900
      2,160 SF

      Mount Dora Medical/Professional Condo

      Prime condo unit suitable for medical or professional practices.
      3651 Lake Center Dr, Mount Dora, FL 32757
      View Details
    • $499,900

      Mount Dora Medical/Professional Condo

      Prime medical/professional condo in Mount Dora with versatile C3 zoning.
      3651 Lake Center Dr, Mount Dora, FL 32757
      View Details
    • $3,900,000
      7,500 SF

      State Road 46 Commercial Property

      High-Visibility Warehouse & Office Space
      21628 State Road 46, 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
    • $1,250,000

      Two-Acre Property on State Road

      Two parcels including a house and vacant land on State Road.
      3024 State Road 46, Mount Dora, FL 32757
      View Details
    • Contact for pricing
      0.23 Acres

      Land Near Downtown Mount Dora

      Unimproved land zoned for single-family or manufactured homes near US441.
      252 Brookside Cir, Mount Dora, FL 32757
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      9,835 SF

      Adaptable Commercial Space with Warehouse

      Modern office building with customizable interior and warehouse space.
      4129 United Ave, Mount Dora, FL 32757
      View Details
    • $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
    • $96,864

      Professional Office Building on US Hwy

      Professional office building on US Hwy 441 in Mt Dora.
      18610 Us Highway 441, Mount Dora, FL 32757
      View Details
    • Contact for pricing
      14,500 SF

      Mid-Dora Plaza: Medical Office Space

      Class A Medical Office Suites Available
      18660 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
    • $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.
    152 3rd Ave
    Mount Dora, FL 32757-5530
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.