Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    140 N Westmonte Dr Altamonte Springs, FL 32714

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Up to 6,317 RSF available, ideal for medical practice.

    Property size:
    2,171 SF
    Lot size:
    1.04 Acres

    Property Features for 140 N Westmonte Dr

    General Information

    Size
    2,171 SF
    Lot size
    1.04 Acres

    We can help!

    Listing Contact
    Brian Breeding, Ccim
    Source: Moodyscre

    Listing Agent: Brian Breeding, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Remodeled Medical Office Space Available

    This property offers up to 6,317 rentable square feet of office space in shell condition. The building has been completely remodeled, both inside and out. It is suitable for a specialty medical practice. The existing building tenant is a busy primary care practice. Operating expenses are $7.08 per square foot. A tenant improvement allowance is available for qualified tenants. The property size is 1,931 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Christine Ann Newcomer, ... Physician WellMed at Longwood Medical Clinic Theodora Lee Brandon, ... Physician Bibi K Husain, ... Physician Heritage Title & Escrow Title Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Petco Vaccination Clinic, Altamonte Pet Doc Hospital, The Cat Hospital of Orlando, Westmonte Center

    Location Insight

    • Map
    • Local Demand
    City
    Altamonte Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.3939422
    Latitude
    28.6639063

    Nearby Similar for Lease

    • $5,500 /Mo
      4,065 SF

      Spacious Commercial Unit in Altamonte

      Versatile 4,065 SF unit ideal for office or medical use.
      220 N Westmonte Dr, Altamonte Springs, FL 32714
      View Details
    • $4,500 /Mo
      3,448 SF

      Altamonte Springs Medical Suite Available

      Professional commercial space ideal for medical or administrative uses.
      220 N Westmonte Dr, Altamonte Springs, FL 32714
      View Details
    • $3,336 /Mo
      1,764 SF

      Altamonte Springs Office Suite Available

      Spacious first-floor office suite in Altamonte Springs, Florida.
      377 Maitland Ave, 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
    • $1,800 /Mo
      760 SF

      Retail Space in Altamonte Springs

      Retail space in high-traffic location suitable for various businesses.
      1006 E Altamonte Dr, Altamonte Springs, FL 32701
      View Details
    • $4,742 /Mo
      15,520 SF

      Altamonte Springs Penthouse Office Suite

      Furnished penthouse office suite in Altamonte Springs, Florida for rent.
      234 N Westmonte Dr, Altamonte Springs, FL 32714
      View Details
    • $54,000

      Altamonte Springs Professional Office Space

      3,448 SF professional space for lease in Altamonte Springs.
      220 N Westmonte Dr, Altamonte Springs, FL 32714
      View Details
    • $66,000

      Altamonte Springs Commercial Unit

      Versatile 4,065 SF unit for office, medical, or professional use.
      220 N Westmonte Dr, Altamonte Springs, FL 32714
      View Details
    • $309,800

      Altamonte Springs Commercial Property For Rent

      Freestanding 15,490 SF building suitable for medical, retail, or office.
      614 E Altamonte Dr, Altamonte Springs, FL 32701
      View Details
    • New
      Contact for pricing

      FL, Altamonte Springs - Westmonte Dr

      Discover many ways to work your way in FL, Altamonte Springs - Westmonte Dr
      235 Floors, Altamonte Springs, FL 32714
      View Details
    • Sponsored
      New
      Contact for pricing

      FL, Altamonte Springs - Osceola Street

      Flexible workspace in FL, Altamonte Springs - Osceola Street
      452 Osceola St, Altamonte Springs, FL 32701
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Up to 6,317 RSF available, ideal for medical practice.
    Where is this medical office space located?
    The property is located at 140 N Westmonte Dr Altamonte Springs, FL.
    What are key features of this property?
    This property features: - Completely remodeled, both inside and out.; - Up to 6,317 RSF available in shell condition.; - Perfect for a specialty medical practice.
    (813) 204-5369 Call to check price and availability
    Request Owner's contact information
    140 N Westmonte Dr Altamonte Springs, FL 32714
    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.
    140 N Westmonte Dr
    Altamonte Springs, FL 32714
    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
    140 N Westmonte Dr Altamonte Springs, FL 32714
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Breeding, Ccim
    (813) 204-5369 (813) 223-6300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!