Multi-Suite Office Building with
For Sale
$3,880,000
131 Country Club Road, Lake Mary, FL 32746
A 6-suite, separately metered office building with elevator, secure access control, and ample parking on a 1.1-acre site.
Property Size10,592 SF
Lot Size1.10 Acres
Price / SF$366.31
Days on Market225
Property Features for 131 Country Club Road
General Information
Standard status
Active
Size
10,592 SF
Lot size
1.10 Acres
Property subtype
Office
Additional Details
Office Units
6
Taxes and HOA fees
Annual Taxes
$54,517
Amenities
kitchenettes
elevator
access control system
EV charging stations
crown signage
Central Air
3
Building Details
Year Built
2021
Stories
2
Tenancy
Multi
Listing Agency:
STIRLING INTERNATIONAL REAL ES
(407) 250-1000
Listed By:
Roger Soderstrom, Jr · License #3253644
Source:
Xome
Added: Jan 4
Changed: Aug 14
Last Checked: Aug 16 at 3:20AM
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 STIRLING INTERNATIONAL REAL ES
Investment Insights
Based on property information with market context.
This office building totals 10,592 square feet and is configured with six separately metered office suites, supporting multi-tenant occupancy or partial owner use. The interior includes six kitchenettes with quartz countertops and stainless steel appliances, multiple interior stairwells, and an elevator. A secure access control system is in place throughout the building.
The property sits on a 1.1-acre site with ample parking and EV charging stations. Crown signage is available on two sides, and second-floor offices offer scenic views of Lake Mary.
The building’s overall layout and improvements are designed to accommodate different suite-level needs while maintaining common building amenities and controlled access.
The property sits on a 1.1-acre site with ample parking and EV charging stations. Crown signage is available on two sides, and second-floor offices offer scenic views of Lake Mary.
The building’s overall layout and improvements are designed to accommodate different suite-level needs while maintaining common building amenities and controlled access.
Key Highlights
- 6, separately metered office suites totaling 10,592 SF in a 2021‑built office building.
- Elevator plus multiple interior stairwells and a secure access control system for tenant/employee access.
- Central air cooling; interior includes six kitchenettes with quartz countertops and stainless steel appliances.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$158,244
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,164,880
$3.2M
Cap Rate 7%
$2,260,629
$2.3M
Cap Rate 9%
$1,758,267
$1.8M
Market Conditions
NOI Build-Up for 10,592 SF
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.
Gross rent
$254.2K $24.00/SF
− Vacancy
−$43.2K −$4.08/SF
EGI
$211.0K $19.92/SF
− OpEx
−$52.7K −$4.98/SF
NOI
$158.2K $14.94/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,164,880
Cap Rate 7%
$2,260,629
Cap Rate 9%
$1,758,267
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.64M
NOI $158,244 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.01M
$2.64M – $3.52M
NOI $210,993 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 32746, FL
45,828
Population
20,204
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
97%
High-School Grad
21.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$111,534
Median Household Income
$55,860
Median Earnings
$1,912
Median Rent
$420,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A 6-suite, separately metered office building with elevator, secure access control, and ample parking on a 1.1-acre site.
Where is this office building located?
The property is located at 131 Country Club Road Lake Mary, FL.
What is the asking price?
The asking price for this property is $3,880,000.
What are key features of this property?
This property features: 6, separately metered office suites totaling 10,592 SF in a 2021‑built office building.; Elevator plus multiple interior stairwells and a secure access control system for tenant/employee access.; Central air cooling; interior includes six kitchenettes with quartz countertops and stainless steel appliances.
