Built-Out Office
New
For Sale
$499,000
1061 S SUN DRIVE #1065, Lake Mary, FL 32746
Light-filled professional suite with private offices, conference space, kitchenette, and two restrooms.
Property Size1,704 SF
Price / SF$292.84
Days on Market6
Property Features for 1061 S SUN DRIVE #1065
General Information
Standard status
Active
Size
1,704 SF
Property subtype
Retail
Amenities
0.04 acres, City Limits
Membrane, Tile
Additional parcels description:, Parcel Number: 18-20-30-520-0300-0090, Public Survey Range: 30, Public Survey Section: 18, Annual Amount: $4,303.53, Tax Block: 300, Tax Book Number: 70-21, Legal Description: BLDG 3 UNIT 9 REGAL POINT PARK NORTH A CONDOMINIUM PB 70 PGS 21 - 23, Lot: 90, Year: 2025, Zoning: PUD
Luxury Vinyl
Central Air
Central
Listing ID: MFRO6429524, Standard Status: Active, MLS Status: Active, Property Subtype: Retail, On market as of 2026-07-31, Special Conditions: None
Common
Shades
Built in 2006, Living area: 1704, Living area units: Square Feet, 1 storey, Levels: One, Construction Materials: Block
Subdivision: REGAL POINTE PARK NORTH A CONDO, MLS Area (Major): 32746 - Lake Mary / Heathrow, County/Parish: Seminole
Sidewalks
Public, Water Connected, Water Source: Public, 150 Amp Service
Slab
Allowed: Yes - See Condo Docs
Frontage Type: City Street, County Road, Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Fire Sprinkler System
Accessible Doors, Visitor Bathroom, Accessible Hallway(s), Accessible Kitchen
Refrigerator
Building Details
Year Built
2006
Listing Agency:
ADAMUS REALTY GROUP, INC
(407) 620-6608
Listed By:
Peter Piacenti · License #3186437
Source:
Miharaandassociates
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 5 at 4:41AM
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 ADAMUS REALTY GROUP, INC
Investment Insights
Based on property information with market context.
This 1,704-square-foot office condo, completed in 2006, is configured for immediate professional occupancy. The interior includes five private offices, a conference room, break area with kitchenette, and two restrooms. Luxury vinyl plank flooring extends throughout the suite, while glass entry doors and windows along both the front and rear bring natural light into the space.
The property is located at 1061 S Sun Drive in Lake Mary, Florida. Its existing layout and finished interior support a range of office-oriented commercial applications, with a configuration that can accommodate private work areas, meetings, staff functions, and client visits.
The property is located at 1061 S Sun Drive in Lake Mary, Florida. Its existing layout and finished interior support a range of office-oriented commercial applications, with a configuration that can accommodate private work areas, meetings, staff functions, and client visits.
Key Highlights
- 1,704 SF office condo at 1061 S Sun Drive, Lake Mary, FL 32746
- Five private offices plus a dedicated conference room
- Break room with kitchenette and two restrooms
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.5k | $29.04 |
| − Vacancy | −$1.7k | −$0.99 |
| EGI | $47.8k | $28.05 |
| − OpEx | −$14.3k | −$8.42 |
| NOI | $33.5k | $19.64 |
1,704 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$478.0K
$418.3K – $557.7K
NOI $33,461 @ 7.0% cap · market cap 6.71%
Second Best
Office B
$363.7K
$318.2K – $424.3K
NOI $25,458 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$484.9K
$424.3K – $565.7K
NOI $33,944 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,885
Businesses Nearby
Explore this area
Business Placement
Demographics for 32746, FL
45,828
Population
20,204
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
97%
High-School Grad
21.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$111,534
Median Household Income
$55,860
Median Earnings
$1,912
Median Rent
$420,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Light-filled professional suite with private offices, conference space, kitchenette, and two restrooms.
Where is this office units located?
The property is located at 1061 S SUN DRIVE #1065 Lake Mary, 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: 1,704 SF office condo at 1061 S Sun Drive, Lake Mary, FL 32746; Five private offices plus a dedicated conference room; Break room with kitchenette and two restrooms
