Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    474 Northlake Blvd Altamonte Springs, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office and warehouse space available for lease in Altamonte Springs.

    Type:OFFICE
    Property size:
    3,915 SF
    Lot size:
    28.80 Acres
    Added:
    Oct 3, 2023
    Days on Market:
    940
    Last Refresh:
    Apr 5 at 10:04 pm

    Property Features for 474 Northlake Blvd

    General Information

    Standard status
    Active
    Size
    3,915 SF
    Lot size
    28.80 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 474 Northlake Blvd Contact us

    We can help!

    Listing Contact
    Lisa Bailey
    Lisa Bailey

    Listing agent Lisa Bailey License #BK624901

    Listing office Avison Young | Orlando

    Listing date Oct 3, 2023

    Source Moodyscre

    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 Avison Young | Orlando

    Overview

    Altamonte Springs Office/Warehouse Space

    This property features office and warehouse space in Altamonte Springs, Florida. The site consists of fifteen buildings totaling approximately 270,556 square feet. The available space is suitable for grade-level office and warehouse use. Ceiling heights range from 12 to 14 feet. On-site management and engineering services are provided. Exterior tenant signage is available for some units. Ample parking is available, with a ratio of 4 spaces per 1,000 square feet. Operating expenses are $5.00. The available space is 3,915 square feet.
    Location Intelligence

    Current Use by Public Records

    MICHAEL E SMITH Physician Soleo Health - Orlando Pharmacy

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Altamonte Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.3868
    Latitude
    28.6518

    Nearby Similar for Lease

    • $5,500/Mo

      Altamonte Springs Warehouse/Multi-Use Space

      Warehouse/multi-use space in Altamonte Springs, near major amenities.
      311 ALTAMONTE COMMERCE BOULEVARD, ALTAMONTE SPRINGS, FL 32714
      View Details
    • $16 SF/Yr

      Altamonte Springs Retail/Office/Industrial Space

      Versatile space suitable for office, retail, or light industrial use.
      124 ROBIN RD, ALTAMONTE SPRINGS, FL 32701
      View Details
    • $29,688 SF/Yr

      Retail Space in Altamonte Springs

      Retail spaces available in a busy Altamonte Springs plaza.
      1074 MONTGOMERY Rd 1042-1046, Altamonte Springs, FL 32714
      View Details
    • Sponsored
      Contact for pricing

      FL, Altamonte Springs - Osceola Street

      452 Osceola St, Altamonte Springs, FL 32701
      View Details
    • $15 SF/Yr

      Altamonte Springs Office/Flex Property

      Office and flex space available in Altamonte Springs, Florida.
      370 - 774 S. Northlake Boulevard, Altamonte Springs, Florida 32701
      View Details
    • $15,609/Mo

      Altamonte Springs Professional Office Space

      Renovated office space with private offices and kitchen/break room.
      901 DOUGLAS Ave 221, Altamonte Springs, FL 32714
      View Details
    • $40,032 SF/Yr

      Altamonte Springs First Floor Office

      Spacious office suite with reception, offices, and conference room.
      377 MAITLAND Ave 1010, Altamonte Springs, FL 32701
      View Details
    • $21 SF/Yr

      Altamonte Springs Office/Retail Space

      Well-maintained office/retail property with suites available for lease.
      241 S Westmonte Dr, Altamonte Springs, FL 32714
      View Details
    • $18 SF/Yr

      Altamonte Springs Medical/Professional Center

      Office/medical center with free-standing buildings and convenient access to amenities.
      679 - 697 Douglas Avenue, Altamonte Springs, FL 32714
      View Details
    • $50,752 SF/Yr

      Versatile Space in Altamonte Springs

      Adaptable commercial space with high visibility and ample parking.
      124 ROBIN RD, Altamonte Springs, FL 32701
      View Details
    • $15 SF/Yr

      Functional Office/Warehouse Space Available

      Office and warehouse space in a premier Orlando submarket.
      658 Douglas Avenue, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing

      Retail Space in Altamonte Springs

      High-visibility retail space with customizable layouts in Altamonte Springs.
      249 W State Road 436 Ste 1033, Altamonte Springs, FL 32714
      View Details

    FAQs

    What type of property is this?
    Office units - Office and warehouse space available for lease in Altamonte Springs.
    Where is this office units located?
    The property is located at 474 Northlake Blvd Altamonte Springs, FL.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Ample parking with a 4/1,000 ratio; Fifteen buildings totaling 270,556± sf; Grade level office/warehouse space
    (407) 595-9233 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lisa Bailey
    Lisa Bailey
    Real Estate License ID: BK624901
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!