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

    421 E Kennedy Blvd Maitland, FL 32751

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,875,000

    29-unit multifamily building centrally located between Maitland and Winter Park.

    Lot size:
    0.85 Acres

    Property Features for 421 E Kennedy Blvd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.85 Acres

    Building Details

    Year built
    1967

    We can help!

    Listing Contact
    David Washington
    David Washington
    Source: Elliman

    Listing Agency: Charles Rutenberg Realty Orlando LLC Listing Agent: David Washington

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Multifamily Building in Maitland, FL

    This mixed-use commercial property is centrally located between Maitland and Winter Park, offering visibility and versatility. The listing includes a 29-unit multifamily building. A new roof was installed in 2023. The adjacent commercial building at 429 E. Kennedy Blvd and a commercial lot at 34 N. West St are also available for purchase, offering potential for future development, expansion, or mixed-use revitalization. This property presents an opportunity to be part of a growing community with active revitalization efforts.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Maitland
    County
    Orange
    State
    Florida
    Longitude
    -81.3782778
    Latitude
    28.6186729

    Nearby Similar for Sale

    • $1,200,000
      4,851 SF

      Maitland Office Building For Sale

      Two-story office building in Maitland's premier business district.
      159 Lookout Pl, Maitland, FL 32751
      View Details
    • New
      $2,875,000
      13,577 SF

      Maitland Multifamily Mixed-Use Opportunity

      29-unit multifamily building in a prime location.
      421 E Kennedy Blvd, Maitland, FL 32751
      View Details
    • $419,900
      1,680 SF

      Updated Duplex in Eatonville

      Updated duplex with new roof, HVAC, and updated interiors.
      385 Lime St, Maitland, FL 32751
      View Details
    • $1,200,000

      Maitland Office Building For Sale

      Prestigious Maitland office building in a thriving business corridor.
      166 Lookout Pl, Maitland, FL 32751
      View Details
    • $345,000

      Maitland Office Space For Sale

      First floor office unit near Florida Hospital Altamonte.
      331 North Maitland Ave, Maitland, FL 32751
      View Details
    • $2,975,000

      Freestanding Building in Maitland, Florida

      Freestanding building in a dense retail and residential corridor.
      450 S Orlando Ave, Maitland, FL 32751
      View Details
    • $1,200,000

      Maitland Freestanding Professional Office Building

      Two-story office building in Maitland's premier business district.
      159 Lookout Pl, Maitland, FL 32751
      View Details
    • Contact for pricing

      Maitland Class A Medical Office

      Class A medical office in premier Maitland location for sale.
      740 Concourse Pkwy South, Maitland, FL 32751
      View Details
    • Contact for pricing
      4,851 SF

      Maitland Freestanding Professional Office Building

      Two-story office building in Maitland's premier business district.
      159 Lookout Pl, Maitland, FL 32751
      View Details
    • $675,000
      Pending

      Maitland Duplex Near Sunrail Station

      Duplex in Maitland near Sunrail, great investment opportunity.
      933 Robinhood Ct, Maitland, FL 32751
      View Details
    • $2,975,000
      3,851 SF

      Freestanding Building in Maitland, Florida

      Freestanding building in Maitland with strong demographics and high visibility.
      450 S Orlando Ave, Maitland, FL 32751
      View Details
    • Contact for pricing
      4,577 SF

      Maitland Office Building For Sale

      Prestigious office building in Maitland, Florida, for sale.
      166 Lookout Pl, Maitland, FL 32751
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 29-unit multifamily building centrally located between Maitland and Winter Park.
    Where is this mixed-use property located?
    The property is located at 421 E Kennedy Blvd Maitland, FL.
    What is the asking price?
    The asking price for this property is $2,875,000.
    What are key features of this property?
    This property features: - Prime location between Maitland and Winter Park offers **high visibility and accessibility**.; - Includes a **29-unit multifamily building**.; - Adjacent commercial building and lot available for purchase, enabling future development.
    (407) 579-1981
    Request Owner's contact information
    421 E Kennedy Blvd Maitland, FL 32751
    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.
    421 E Kennedy Blvd
    Maitland, FL 32751
    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
    421 E Kennedy Blvd Maitland, FL 32751
    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

    We can help!
    Listing Contact
    David Washington
    David Washington
    Real Estate License ID: 3164865
    (407) 579-1981 (407) 622-2122 (407) 862-2013
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!