Lake Mary Office Building
960 INTERNATIONAL PARKWAY Lake Mary, FL 32746
For Sale
$2,300,000
Pending
Stand-alone office building in Central Parc, Lake Mary/Heathrow.
Property Size5,108 SF
Lot Size0.07 Acres
Days on Market824
Property Features for 960 INTERNATIONAL PARKWAY
General Information
- Standard status
- Pending
- Size
- 5,108 SF
- Lot size
- 0.07 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2017
Listing Agency:
PREMIER SOTHEBYS INT'L REALTY
(407) 810-4726
Listed By:
Mel Bernstein · License #638692
(407) 810-4726
Source:
Exitrealty
Added: Apr 24, 2024
Changed: Jul 10
Last Checked: Apr 6 at 2:50AM
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 PREMIER SOTHEBYS INT'L REALTY
Investment Insights
Based on property information with market context.
This 5,000-square-foot office building is located in Central Parc on International Parkway in Lake Mary/Heathrow. The property is currently divided into two suites. The largest suite is 4,000 square feet and includes a reception room, multiple offices and showrooms, private space, and a storage room with direct exterior access. The other suite is an open 1,100-square-foot space with private exterior access and a restroom. Both suites feature floor-to-ceiling windows and tall ceilings. The property is located on a corner with excellent visibility and includes a private electric car charging station onsite. The property is located near Starbucks and corporations such as Verizon and Deloitte. The property is income-producing.
Key Highlights
- Income‑producing property divided into two suites.
- Prime location on International Parkway in Central Parc, Lake Mary/Heathrow.
- Stand‑alone 5,000 sq ft office building.
Financial Insights For Office B
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 | $122.6k | $24.00 |
| − Vacancy | −$20.8k | −$4.08 |
| EGI | $101.8k | $19.92 |
| − OpEx | −$25.4k | −$4.98 |
| NOI | $76.3k | $14.94 |
5,108 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.09M
$953.9K – $1.27M
NOI $76,314 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,751 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pools By Bradley
General Contractor
VSM Advertising
Marketing & Advertising
FAQs
What type of property is this?
Office building - Stand-alone office building in Central Parc, Lake Mary/Heathrow.
Where is this office building located?
The property is located at 960 INTERNATIONAL PARKWAY Lake Mary, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Income‑producing property divided into two suites.; Prime location on International Parkway in Central Parc, Lake Mary/Heathrow.; Stand‑alone 5,000 sq ft office building.
