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    Property profile & analytics

    610 S Highland St Mount Dora, FL 32757

    • Commercial real estate
    • 8.77 lot acres
    For Sale
    View listing
    $3,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4146822
    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

    • Commercial real estate

    Property Details for 610 S Highland St

    Lot size
    8.77 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 8.77-acre commercial development opportunity is situated in the highly desirable downtown area of Mount Dora, Florida, at the southeast corner of Highland Street and Camp Road. The property boasts a prime location with excellent visibility and accessibility. Zoned MU-1 (Mixed Use Traditional) by the City of Mount Dora, this parcel offers significant development potential. The zoning allows for a high density of up to 35 residential units per acre, along with a commercial floor area ratio of 3.0, and a building height of up to 60 feet or 5 stories. This flexibility allows for a wide range of development options, including multi-family residential, townhomes, hotels, restaurants, grocery stores, specialty markets, and health spas. The strong demographics of Mount Dora, combined with the property's strategic location, create a compelling investment opportunity. All utilities are readily available to the site, simplifying the development process. The asking price for this remarkable property is $3,600,000. This is a rare chance to acquire a significant land parcel in a thriving Florida community. The address is 610 S Highland St, Mt Dora, FL 32757, in Lake County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Dora
    County
    Lake
    State
    Florida
    Longitude
    -81.6359625
    Latitude
    28.7921227

    Comparable in this City

    • Contact for pricing
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      Land parcel ready for vertical build in Lake Town Center.
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      0.11 Acres

      Land Near Downtown Mount Dora

      Unimproved land zoned for single-family or manufactured homes near US441.
      31 Chase Ct, Mount Dora, FL 32757
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      0.95 Acres

      Residential Lot in Mount Dora

      Vacant residential lot near historic downtown Mount Dora, Florida.
      7624 Teakwood Pl, Mount Dora, FL 32757
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    • $400,000
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      Commercial Land in Mount Dora

      High-traffic commercial land in Mount Dora's commercial district.
      Gordon Ln, Mount Dora, FL 32757
      View Details
    • $415,000
      2.34 Acres

      Spacious Residential Lot in Mount Dora

      2.34-acre residential lot in a serene, wooded setting.
      7343 Lake Ola Dr, Mount Dora, FL 32757
      View Details

    Similar Nearby for Sale

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      0.93-acre parcel with highway frontage and flexible zoning potential.
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      Mount Dora Homesite Opportunity

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      Land Available in Mount Dora

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      Mount Dora Commercial Land

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    Similar Nearby for Lease

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      14,500 SF

      Mid-Dora Plaza: Medical Office Space

      Class A Medical Office Suites Available
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      Mount Dora Office Space Available

      Professional office space in Mount Dora, utilities included.
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      Mount Dora Office/Warehouse Space

      Prime office and warehouse space suitable for contractors and trades.
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      View Details
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    610 S Highland 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.

    More about this property
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