Two-Suite Mixed-Use
111 JEWEL DRIVE #104, Altamonte Springs, FL 32714
For Sale
$499,000
Separate entrances, private bathrooms, and a sizable yard support flexible commercial use.
Property Size1,000 SF
Price / SF$499
Days on Market59
Property Features for 111 JEWEL DRIVE #104
General Information
Standard status
Size
Property subtype
Additional Details
Office Units
Amenities
large private yard
Building Details
Year Built
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: Nov 6
Last Checked: Nov 6 at 9:28AM
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.
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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 / Yr
$14,940
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
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
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 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 2.99%
Second Best
Mixed Use
$188.6K
$165.0K – $220.0K
NOI $13,200 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$284.6K
$249.0K – $332.0K
NOI $19,920 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
$292,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Seminole County, FL
Properties on Market for Mixed-use properties in Seminole County
Vacancy Rate% for Office in South region
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 $499,000.
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
