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Property profile & analytics
OFF-MARKET Estimated value $1,560,000
Office buildings

3615 Lk Ctr Dr Mount Dora, FL 32757-2364

6,000 SF 0.45 ac lot Built 2007
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US18-3644452
Property summary
AI-generated overview

Exceptional investment opportunity: a 6,000-square-foot Class B medical office building in Mount Dora, Florida, currently leased to Akumin, the nation's second-largest radiology provider. This single-tenant, absolute NNN property boasts a strong financial profile, featuring a 7.21% cap rate and a substantial net operating income (NOI) of $152,813. The lease commenced July 1, 2020, and extends to June 30, 2030, with two additional 10-year renewal options, providing exceptional long-term stability. The building, constructed in 2007 and renovated in 2020, sits on a 36,142-square-foot lot zoned C-1, offering ample parking with 85 shared spaces. The property is offered fee simple and is suitable for a 1031 exchange. This stabilized investment presents a rare opportunity to acquire a high-quality medical office building with a national-credit tenant and significant future growth potential. The property's location in Mount Dora, Lake County, Florida, at 3615 Lake Center Dr, 32757, provides convenient access to major transportation routes and a thriving local community. This is a turnkey investment ready for immediate cash flow.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2007
Construction WOOD FRAME
Total area 6,000 SF
Lot 0.45 ac (19,554 SF)
APN 26-19-26-0701-000-00600
UPID US18-3644452
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.47M
Comparable Approach Comparable
$1.61M
Blend (final) Blend
$1.56M
Owner & transaction history
Armen Deukmedjian · 1 yrs held
Armen Deukmedjian
since 2025
Last sale
$2.1M
2 recorded transactions
2025
$2.1M
2022
$1.8M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $2.1M +51.7%
Neighborhood: shopping center $1.8M +28.2%
Warehouse, storage $1.5M +7.6%
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