Two-Suite Mixed-Use
For Sale
$250,000
111 JEWEL DRIVE #104, Altamonte Springs, FL 32714
Separate entrances, private bathrooms, and a sizable yard support flexible commercial use.
Property Size1,000 SF
Price / SF$250
Days on Market10
Property Features for 111 JEWEL DRIVE #104
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Mixed Use
Additional Details
Office Units
2
Amenities
large private yard
Building Details
Year Built
1958
Listing Agency:
REALTY U.S.A., INC.
(407) 599-5000
Listed By:
John LeMieux · License #3008993
(305) 607-7886
Source:
Endlesssummerrealty
Added: Sep 10
Changed: Sep 18
Last Checked: Sep 18 at 5:28AM
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.
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes two suites within a four-suite building, offering a defined layout for office or other professional operations. Each suite has its own entrance and private bathroom, allowing the spaces to function separately or together. The property also includes a large private yard, providing additional outdoor area associated with the commercial premises.
Located at 111 Jewel Drive in Altamonte Springs, the property is near restaurants, shopping, major roadways, and everyday amenities. Built in 1958, the asset combines multiple suites with dedicated access and outdoor space in a commercial setting.
Located at 111 Jewel Drive in Altamonte Springs, the property is near restaurants, shopping, major roadways, and everyday amenities. Built in 1958, the asset combines multiple suites with dedicated access and outdoor space in a commercial setting.
Key Highlights
- Two suites included within a four‑suite mixed‑use commercial building
- Each suite has a separate entrance and private bathroom
- Large private yard included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,940
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$298,800
$298.8K
Cap Rate 7%
$213,429
$213.4K
Cap Rate 9%
$166,000
$166.0K
Market Conditions
NOI Build-Up for 1,000 SF
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.
Gross rent
$24.0K $24.00/SF
− Vacancy
−$4.1K −$4.08/SF
EGI
$19.9K $19.92/SF
− OpEx
−$5.0K −$4.98/SF
NOI
$14.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$298,800
Cap Rate 7%
$213,429
Cap Rate 9%
$166,000
Alternative Uses
Best Use
Office B
$213.4K
$186.8K – $249.0K
NOI $14,940 @ 7.0% cap · market cap 5.98%
Second Best
Mixed Use
$188.6K
$165.0K – $220.0K
NOI $13,200 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$284.6K
$249.0K – $332.0K
NOI $19,920 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate entrances, private bathrooms, and a sizable yard support flexible commercial use.
Where is this mixed-use property located?
The property is located at 111 JEWEL DRIVE #104 Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two suites included within a four‑suite mixed‑use commercial building; Each suite has a separate entrance and private bathroom; Large private yard included with the property
