Two-Suite Office
For Sale
$499,000
104-111 Jewel Dr, Altamonte Springs, FL 32714
Separate entrances and private bathrooms support independent occupancy or a shared owner-user setup.
Property Size1,392 SF
Price / SF$358.48
Days on Market54
Property Features for 104-111 Jewel Dr
General Information
Standard status
Active
Size
1,392 SF
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$2,929
Amenities
private yard
Listing Agency:
REALTY U.S.A., INC.
(407) 599-5000
Listed By:
John LeMieux · License #3008993
(305) 607-7886
Source:
Exprealty
Added: Sep 10
Changed: Oct 25
Last Checked: Nov 1 at 9:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALTY U.S.A., INC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium includes two distinct suites within a four-suite mixed-use commercial building. Each suite has its own entrance and private bathroom, allowing the spaces to function independently or accommodate an owner-user with additional room for business operations or leasing. The configuration also supports a professional office environment with separation between occupants.
A large private yard adds outdoor space uncommon for an office condominium and may support uses such as storage, parking, or a landscaped business setting. The property is located at 104-111 Jewel Dr in Altamonte Springs, near restaurants, shopping, major roadways, and everyday amenities. Its access to surrounding services provides a practical setting for businesses serving clients and employees.
A large private yard adds outdoor space uncommon for an office condominium and may support uses such as storage, parking, or a landscaped business setting. The property is located at 104-111 Jewel Dr in Altamonte Springs, near restaurants, shopping, major roadways, and everyday amenities. Its access to surrounding services provides a practical setting for businesses serving clients and employees.
Key Highlights
- Two office suites within a four‑suite mixed‑use commercial building
- Each suite includes a separate entrance and private bathroom
- Large private yard with potential for outdoor use, parking, or storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,796
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,920
$415.9K
Cap Rate 7%
$297,086
$297.1K
Cap Rate 9%
$231,067
$231.1K
Market Conditions
NOI Build-Up for 1,392 SF
Gross rent
$33.4K $24.00/SF
− Vacancy
−$5.7K −$4.08/SF
EGI
$27.7K $19.92/SF
− OpEx
−$6.9K −$4.98/SF
NOI
$20.8K $14.94/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,920
Cap Rate 7%
$297,086
Cap Rate 9%
$231,067
Alternative Uses
Best Use
Office B
$297.1K
$260.0K – $346.6K
NOI $20,796 @ 7.0% cap · market cap 4.17%
Second Best
Mixed Use
$262.5K
$229.7K – $306.2K
NOI $18,374 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$396.1K
$346.6K – $462.2K
NOI $27,729 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Explore this area
Business Placement
Demographics for 32714, FL
38,049
Population
16,722
Households
2.3
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
8.5 sq mi
ZIP Area
4,476
Density / Sq Mi
$67,333
Median Household Income
$39,714
Median Earnings
$1,641
Median Rent
$292,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Separate entrances and private bathrooms support independent occupancy or a shared owner-user setup.
Where is this office unit located?
The property is located at 104-111 Jewel Dr Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two office suites within a four‑suite mixed‑use commercial building; Each suite includes a separate entrance and private bathroom; Large private yard with potential for outdoor use, parking, or storage
