Lake Mary Premier Office
131 S COUNTRY CLUB Rd Lake Mary, FL 32746
For Sale
$4,495,000
High-quality office building with development potential near Downtown Lake Mary.
Property Size10,592 SF
Lot Size1.07 Acres
Price / SF$424.38
Days on Market97
Property Features for 131 S COUNTRY CLUB Rd
General Information
Standard status
Active
Size
10,592 SF
Lot size
1.07 Acres
Property subtype
Commercial
Building Details
Year Built
2021
Listing Agency:
STIRLING INTERNATIONAL REAL ES
(407) 617-2830
Listed By:
Roger Soderstrom, Jr · License #3253644
(407) 617-2830
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 29 at 10:24AM
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 premier office building in Lake Mary, Florida, offers the opportunity to acquire a high-quality office building with a fully approved outparcel for additional development. Ideally located near Downtown Lake Mary and the SunRail Station, the property combines visibility, walkability, and long-term growth potential. The existing 10,592-square-foot office building sits on a 1.07-acre site and is designed for both owner-users and investors. The building is configured with six separately metered office suites, providing flexibility for multi-tenant occupancy or partial owner use. Interior finishes include six modern kitchenettes with quartz countertops and stainless steel appliances, multiple interior stairwells, an elevator, and a secure access control system. Additional highlights include ample parking, EV charging stations, and crown signage on two sides for enhanced branding. Second-floor offices enjoy scenic views of Lake Mary. Complementing the main building is a 0.40-acre outparcel lot with approved plans for a 5,827-square-foot office building, allowing a buyer to immediately capitalize on future development. The approved design includes two office suites (2,209 SF and 3,618 SF) and benefits from direct frontage on Country Club Road with 10,300 AADT, offering exposure and accessibility. This property represents a turnkey investment and development opportunity in one of Central Florida’s office submarkets.
Key Highlights
- Approved outparcel for immediate development of a 5,827 SF office building.
- Existing 10,592 SF modern office building built in 2021.
- Six separately metered office suites provide flexible multi‑tenant occupancy or partial owner use.
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 | $254.2k | $24.00 |
| − Vacancy | −$43.2k | −$4.08 |
| EGI | $211.0k | $19.92 |
| − OpEx | −$52.7k | −$4.98 |
| NOI | $158.2k | $14.94 |
10,592 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.64M
NOI $158,244 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.01M
$2.64M – $3.52M
NOI $210,993 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - High-quality office building with development potential near Downtown Lake Mary.
Where is this office building located?
The property is located at 131 S COUNTRY CLUB Rd Lake Mary, FL.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: Approved outparcel for immediate development of a 5,827 SF office building.; Existing 10,592 SF modern office building built in 2021.; Six separately metered office suites provide flexible multi‑tenant occupancy or partial owner use.
