First-Floor Income
For Sale
$100,000
126 BLUE POINT Way 100, Altamonte Springs, FL 32701
One-bedroom condominium with an open layout, community pool access, and association-maintained building exteriors.
Property Size496 SF
Days on Market17
Property Features for 126 BLUE POINT Way 100
General Information
Standard status
Active
Size
496 SF
Property subtype
Commercial
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,617
Amenities
community pool
Building Details
Building Size
496 SF
Year Built
1980
Stories
3
Listing Agency:
Exit Self Property Advisors
(770) 597-2888
Listed By:
Whittney Self · License #388226
(770) 597-2888
Source:
Elliman
Added: Aug 1
Changed: Aug 15
Last Checked: Aug 16 at 7:32AM
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 Exit Self Property Advisors
Investment Insights
Based on property information with market context.
This first-floor condominium in Altamonte Springs offers one bedroom and one bathroom within an open-concept floor plan. The living room and kitchen are arranged as a combined central living area, creating a straightforward residential layout. Built in 1980, the unit is located in a maintained community with access to a community pool and exterior building maintenance provided by the association.
The property is at 126 Blue Point Way 100 in Altamonte Springs, Florida 32701. Shopping, dining, and major highways are identified as nearby conveniences. The condominium was previously tenant-occupied, and the property information describes it as suitable for investor ownership or use as a primary residence.
The property is at 126 Blue Point Way 100 in Altamonte Springs, Florida 32701. Shopping, dining, and major highways are identified as nearby conveniences. The condominium was previously tenant-occupied, and the property information describes it as suitable for investor ownership or use as a primary residence.
Key Highlights
- 1‑bedroom, 1‑bath first‑floor condominium
- Open‑concept living room and kitchen combination
- Community pool access
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
$6,091
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
6.09%
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%
$121,820
$121.8K
Cap Rate 7%
$87,014
$87.0K
Cap Rate 9%
$67,678
$67.7K
Market Conditions
NOI Build-Up for 496 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
$11.8K $23.88/SF
− Vacancy
−$770 −$1.55/SF
EGI
$11.1K $22.33/SF
− OpEx
−$5.0K −$10.05/SF
NOI
$6.1K $12.28/SF
Area
Seminole County, FL
Vacancy
6.50%
Lease Rate
$23.88 /SF/Yr
Expense Ratio
45.00%
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%
$121,820
Cap Rate 7%
$87,014
Cap Rate 9%
$67,678
Alternative Uses
Best Use
Apartment 5plus
$87.0K
$76.1K – $101.5K
NOI $6,091 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$141.1K
$123.5K – $164.7K
NOI $9,880 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 32701, FL
23,265
Population
12,085
Households
1.9
Avg Household Size
40
Median Age
35%
College-Educated
93%
High-School Grad
5.6 sq mi
ZIP Area
4,154
Density / Sq Mi
$62,008
Median Household Income
$37,359
Median Earnings
$1,609
Median Rent
$258,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium with an open layout, community pool access, and association-maintained building exteriors.
Where is this residential income property located?
The property is located at 126 BLUE POINT Way 100 Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: 1‑bedroom, 1‑bath first‑floor condominium; Open‑concept living room and kitchen combination; Community pool access
