Winter Park Office Building
For Sale
$719,000
1977 DUNDEE DRIVE, Winter Park, FL 32792
Free-standing office building near Winter Park Medical Arts District.
Property Size1,656 SF
Lot Size0.19 Acres
Price / SF$434.18
Days on Market960
Property Features for 1977 DUNDEE DRIVE
General Information
Standard status
Active
Size
1,656 SF
Lot size
0.19 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1955
Listing Agency:
HOMEVEST REALTY
(407) 376-4010
Listed By:
Janice Cullity · License #493532
(407) 376-4010
Source:
Exitrealty
Added: Dec 16, 2023
Changed: Jul 6
Last Checked: Aug 2 at 7:13AM
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 HOMEVEST REALTY
Investment Insights
Based on property information with market context.
This free-standing office building presents an excellent opportunity for a variety of professional offices, such as architects, medical doctors, interior designers, dentists, engineers, attorneys, financial, real estate, and insurance offices, in Winter Park. The property is adjacent to the City of Winter Park Medical Arts District and Advent Health, as well as Ward Park, a 66.4-acre sports complex with biking and walking trails. Rollins College and the boutique shops and restaurants of Park Avenue are also nearby. The current zoning is O-2. Situated on a spacious corner lot, the property offers ample parking both on-site and on the street. The building's current layout includes 6 separate rooms, 2 updated bathrooms, a kitchen, and original hardwood floors, with 2 private entrances. Additional features include a fenced backyard, a roof installed in 2016, and air conditioning from 2019. The property size is 1656 square feet. The vacant lot next door is also for sale, offering the potential for more space.
Key Highlights
- Prime location in Winter Park near Medical Arts District, Advent Health, Rollins College, and Park Avenue.
- Suitable for a variety of professional offices (architects, medical, legal, etc.) due to O‑2 zoning.
- Free‑standing building on a spacious corner lot with ample on‑site and street parking.
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 | $39.7k | $24.00 |
| − Vacancy | −$6.8k | −$4.08 |
| EGI | $33.0k | $19.92 |
| − OpEx | −$8.2k | −$4.98 |
| NOI | $24.7k | $14.94 |
1,656 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$353.4K
$309.3K – $412.4K
NOI $24,741 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$471.3K
$412.4K – $549.8K
NOI $32,988 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,490
Businesses Nearby
Explore this area
Business Placement
Demographics for 32792, FL
51,376
Population
24,169
Households
2.1
Avg Household Size
36
Median Age
42%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
4,246
Density / Sq Mi
$66,176
Median Household Income
$39,326
Median Earnings
$1,612
Median Rent
$343,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Free-standing office building near Winter Park Medical Arts District.
Where is this office building located?
The property is located at 1977 DUNDEE DRIVE Winter Park, FL.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Prime location in Winter Park near Medical Arts District, Advent Health, Rollins College, and Park Avenue.; Suitable for a variety of professional offices (architects, medical, legal, etc.) due to O‑2 zoning.; Free‑standing building on a spacious corner lot with ample on‑site and street parking.
