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    430 N Alexander St Mount Dora, FL 32757
    Property profile & analytics

    430 N Alexander St, Mount Dora, FL 32757

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    • Retail space
    • 2,513 SF
    • 0.09 lot acres
    For Lease
    $119,985 SF/Yr
    View Listing →
    Updated Historic Building in Mt Dora For Lease
    $119,985 SF/Yr
    2,850 SF

    Updated Historic Building in Mt Dora

    Updated historic building in downtown Mt Dora with open floorplan.

    430 N ALEXANDER STREET, Mount Dora, FL 32757
    View Listing
    Property ID
    US18-3614271
    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.
    Value Estimations
    $630,000
    Cap Rate Potential
    3.8%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 430 N Alexander St

    Year built
    1927
    Construction
    BRICK
    Lot size
    0.09 lot acres
    Property type
    Retail space
    APN
    29-19-27-0030-003-00001
    APU
    291927003000300001

    Description

    This exceptional 2,850+/- square foot single-tenant space presents a unique investment opportunity in the heart of Mount Dora, Florida. Housed in a beautifully updated historic building (1927), this property boasts gorgeous hardwood floors and abundant natural light streaming through large windows. The open floor plan offers incredible flexibility, accommodating a variety of uses thanks to its C-2 zoning. Envision a thriving restaurant with a bar, a sophisticated supper club, or a stylish executive office space. The property's prime location provides excellent visibility and accessibility, with convenient access to a large public parking lot and ample street parking. Enjoy stunning views, including picturesque sunsets over Lake Dora. Situated less than an hour from Orlando, Mount Dora is renowned for its vibrant atmosphere, hosting numerous festivals, art shows, antique shops, boutiques, and exceptional dining experiences. This 0.7-acre lot, with one single-story building, offers a rare blend of historic charm and modern functionality. The property's address is 430 Alexander St, Mount Dora, FL 32757, Lake County APN 1465389. All information is believed accurate but is not guaranteed and is subject to change.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $790,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $495,000
      6.5%
      $455,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $567,000
      Market price range: $238k - $567k
      AI Estimate
      $499,000
      Market price range: $218k - $500k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $415,000
      Current use
      COMMERCIAL (GENERAL)
      $875,000
      Change: +110% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $740,000
      Change: +78% Conversion: Moderate
      WAREHOUSE, STORAGE
      $620,000
      Change: +49% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $590,000
      Change: +41% Conversion: Difficult
      OFFICE BUILDING
      $575,000
      Change: +38% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Dora
    County
    Lake
    State
    Florida
    Longitude
    -81.6456
    Latitude
    28.8002
    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
    $8,793
    $0.00
    $0.00
    $457,851
    -
    $216,154
    $241,697
    $457,851

    Comparable in this City

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      2,948 SF

      301 Baker St

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation by Request
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      525 Donnelly St

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      245 Highland St

      RETAIL STORES (PERSONAL SERVICES)
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      400 SF

      2355 Old Us Hwy 441

      RETAIL STORES (PERSONAL SERVICES)
      2355 Old Us Hwy 441, Mount Dora, FL 32757-3509
      View Details
    • Value Estimation
      $1,415,000
      6,664 SF

      18651 Us Hwy 441

      RETAIL STORES (PERSONAL SERVICES)
      18651 Us Hwy 441, Mount Dora, FL 32757-6741
      View Details
    • Value Estimation
      $1,145,000
      5,400 SF

      18040 Us Hwy 441

      RETAIL STORES (PERSONAL SERVICES)
      18040 Us Hwy 441, Mount Dora, FL 32757-6709
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
    • $3,000,000

      10.93 Acre Development Parcel

      Development parcel with frontage on US Hwy 441.
      6726 Sadler Rd, Mount Dora, FL 32757
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    • $299,000
      Pending

      Versatile Commercial Property on SR 19-A

      Adaptable commercial space in the heart of Central Florida.
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      Prime Mixed-Use Development Opportunity

      8+ acre mixed-use parcel near Historic Downtown Mount Dora.
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    Similar Nearby for Lease

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      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
    • $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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      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
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      882 SF

      Retail Space Near US Highway

      Retail space available for lease near US Highway 441.
      3208 Fl-44, Mount Dora, FL 32757
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    • $96,864
      4,036 SF

      Mount Dora Retail Space Available

      Retail space available for lease in Mount Dora, Florida.
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      View Details
    • $18,000 /Mo

      Versatile Retail Space in Mount Dora

      Open retail space with bath in central Mount Dora.
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    View Listing
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    430 N Alexander St
    Mount Dora, FL 32757
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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.

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