Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Functional Office/Warehouse Space Available Title is generated by Realmo AI

    624 Douglas Avenue, Altamonte Springs, FL 32714

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office/warehouse space with air-conditioned office and professional ownership.

    Type:IND
    Added:
    Apr 11, 2024
    Days on Market:
    780
    Last Refresh:
    Apr 3 at 4:54 am

    Property Features for 624 Douglas Avenue

    General Information

    Standard status
    Active
    Property subtype
    IND

    Spaces For Lease

    at 624 Douglas Avenue Contact us

    We can help!

    Listing Contact
    Ryan Griffith
    Ryan Griffith

    Listing agent Ryan Griffith License ##SL3477466

    Listing office Lee & Associates Central Florida, LLC

    Listing date Apr 11, 2024

    Source Realnex

    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 Lee & Associates Central Florida, LLC

    HighLights

    • Functional office/warehouse footprint.
    • Fully air‑conditioned office/warehouse.
    • Ideal for small‑bay users.
    • Professional ownership.

    Overview

    This property provides a functional office/warehouse footprint suitable for small-bay users. The space features a fully air-conditioned office/warehouse environment. The property is under professional ownership.
    Location Intelligence

    Current Use by Public Records

    American HomePatient Home Health Care Service BRL Test, Inc Electronics & Wireless Store Jaguar Technology Telecommunications Service Bio-Metrica, LLC Corporate Office

    Suggested Use

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

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

    Similar Places Nearby

    • Sodexo — 283 cranes roost blvd, altamonte springs, fl 32701
    • Dreams And Sugar Services — 224 W Central Pkwy, Altamonte Springs, FL 32714
    • Edibles Etc — 285 w central pkwy # 1724, altamonte springs, fl 32714
    • Moe's Southwest Grill — 175 E Altamonte Dr, Altamonte Springs, FL 32701
    • Lawless Subs — 445 FL-436 #1033, Altamonte Springs, FL 32714

    Location Insight

    • Map
    • Local Demand
    City
    Altamonte Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.3915312
    Latitude
    28.6713531

    Nearby Similar for Lease

    • $4,500/Mo
      17,600 SF

      Altamonte Springs Flex Warehouse Space

      Turnkey 3,200 SF flex warehouse and office space for lease.
      311 ALTAMONTE COMMERCE BOULEVARD, ALTAMONTE SPRINGS, FL 32714
      View Details
    • $2,500/Mo
      2,159 SF

      Retail Space in Altamonte Springs

      Prime retail location with high visibility and easy access.
      264 E ALTAMONTE DRIVE, ALTAMONTE SPRINGS, FL 32701
      View Details
    • $16 SF/Yr
      13,300 SF

      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
    • Sponsored
      $129-$2,446/Mo
      11-1,292 SF

      FL, Altamonte Springs - Osceola Street

      452 Osceola St, Altamonte Springs, FL 32701
      View Details
    • $29,688 SF/Yr
      3,109 SF

      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
    • $14 SF/Yr
      2,500 SF

      Office/Warehouse Units Available For Rent

      Office/warehouse units available near I-4, SR 436, and SR 434.
      224 W Central Pkwy, Altamonte Springs, FL 32714
      View Details
    • $15 SF/Yr
      12,924 SF

      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
    • $21 SF/Yr
      6,000 SF

      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
    • $11,940/Mo
      510 SF

      Office Space in Altamonte Springs

      Office space available for rent in Altamonte Springs, Florida.
      409 MONTGOMERY ROAD 105, ALTAMONTE SPRINGS, FL 32714
      View Details
    • $129-$4,156/Mo
      11-1,292 SF

      FL, Altamonte Springs - Westmonte Dr

      235 Floors, Altamonte Springs, FL 32714
      View Details
    • $15 SF/Yr
      17,600 SF

      Functional Office/Warehouse Space Available

      Office and warehouse space in a premier Orlando submarket.
      658 Douglas Avenue, Altamonte Springs, FL 32714
      View Details
    • $18 SF/Yr
      21,000 SF

      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

    FAQs

    What type of property is this?
    Flex space - Office/warehouse space with air-conditioned office and professional ownership.
    Where is this flex space located?
    The property is located at 624 Douglas Avenue Altamonte Springs, FL.
    What are key features of this property?
    This property features: Functional office/warehouse footprint.; Fully air‑conditioned office/warehouse.; Ideal for small‑bay users.
    (321) 281-8512
    We can help!
    Listing Contact
    Ryan Griffith
    Ryan Griffith
    Real Estate License ID: #SL3477466
    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

    Thank You for Inquiry
    624 Douglas Avenue, Altamonte Springs, FL 32714
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!