3615 Lk Ctr Dr, Mount Dora, FL 32757-2364
- Office buildings
- 6,000 SF
- 0.45 lot acres
Current Use by Public Records
- Office buildings
Property Details for 3615 Lk Ctr Dr
- Year built
- 2007
- Construction
- WOOD FRAME
- Lot size
- 0.45 lot acres
- Property type
- Office buildings
- APN
- 26-19-26-0701-000-00600
- APU
- 261926070100000600
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 29, 2025 | $2,050,000 | Armen Deukmedjian | Mountain Sunset Serenade LLC | Warranty Deed | $1.1M · Synovus Bank |
| Oct 3, 2022 | $1,768,360 | Mountain Sunset Serenade LLC | Alpha Partners LLC | Special Warranty Deed | $1.1M · Midfirst Bank |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,540,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,595,000
- 6.5%
- $1,470,000
- 7%
- $1,365,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,611,000
- AI Estimate
- $1,612,000
Market price range: $769k - $2.26MMarket price range: $682k - $2.26M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,375,000 Current use
- COMMERCIAL (GENERAL)
- $2,085,000 Change: +52% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,765,000 Change: +28% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,480,000 Change: +8% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,405,000 Change: +2% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Mount Dora
- County
- Lake
- State
- Florida
- Longitude
- -81.6813
- Latitude
- 28.8145
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
