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

    Two-story office building with stable income in Altamonte Springs.

    Type:Office
    Property size:
    14,514 SF
    Added:
    Mar 2, 2026
    Days on Market:
    29
    Last Refresh:
    Mar 16 at 11:02 am

    Property Features for 140 N Westmonte Dr

    General Information

    Standard status
    Active
    Size
    14,514 SF
    Property subtype
    Office

    Building Details

    Year Built
    1982

    Spaces For Lease

    at 140 N Westmonte Dr Contact us

    We can help!

    Listing Contact
    Bill Nguyen
    Bill Nguyen

    Listing agent Bill Nguyen License #SL3588892

    Listing office Avison Young - Orlando

    Listing date Mar 2, 2026

    Source Crexi

    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 Avison Young - Orlando

    Overview

    Two-Story Office Building For Rent

    Located at 140 North Westmonte Drive, this two-story office building offers 14,514 square feet of space. The property is positioned one block from a major I-4 interchange, ensuring accessibility. Over 50% of the building is occupied by Optum Health, providing stable cash flow. The remaining vacant suites are in shell condition, allowing for custom design of a medical or professional environment. This property is located in Altamonte Springs.
    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.

    Location Insight

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

    Nearby Similar for Lease

    • Contact for pricing

      Spacious Commercial Unit in Altamonte

      Versatile 4,065 SF unit ideal for office or medical use.
      220 N WESTMONTE DRIVE, ALTAMONTE SPRINGS, FL 32714
      View Details
    • Contact for pricing

      Altamonte Springs Medical Suite Available

      Professional commercial space ideal for medical or administrative uses.
      220 N WESTMONTE DRIVE, ALTAMONTE SPRINGS, FL 32714
      View Details
    • $16/mo

      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
    • Contact for pricing

      Retail Space in Altamonte Springs

      Retail space in high-traffic location suitable for various businesses.
      1006 E ALTAMONTE DRIVE, ALTAMONTE SPRINGS, FL 32701
      View Details
    • Sponsored
      Contact for pricing

      FL, Altamonte Springs - Osceola Street

      452 Osceola St, Altamonte Springs, FL 32701
      View Details
    • $21/mo

      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
    • $18/mo

      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
    • $15/mo

      Functional Office/Warehouse Space Available

      Office and warehouse space in a premier Orlando submarket.
      658 Douglas Avenue, Altamonte Springs, FL 32714
      View Details
    • $22/mo

      Altamonte Springs Office Space Available

      Office suites with flexible layouts, convenient location, and recent improvements.
      Altamonte Springs, FL 32701
      View Details
    • Contact for pricing

      Altamonte Springs Renovated Office Building

      Professional office building in Altamonte Springs, renovated in 2024/2025.
      901 DOUGLAS Ave 239, Altamonte Springs, FL 32714
      View Details
    • Contact for pricing

      Altamonte Springs Office Suite Available

      Spacious first-floor office suite in Altamonte Springs, Florida.
      377 MAITLAND AVENUE, ALTAMONTE SPRINGS, FL 32701
      View Details
    • Contact for pricing

      Altamonte Springs Professional Office Space

      Professional office space for lease in Altamonte Springs, Florida.
      125 West Pineview Street, Altamonte Springs, FL 32714
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building with stable income in Altamonte Springs.
    Where is this office building located?
    The property is located at 140 N Westmonte Dr Altamonte Springs, FL.
    What are key features of this property?
    This property features: Over 50% occupied by Optum Health, providing immediate and stable cash flow.; Premier investment and owner‑user opportunity in the Orlando market.; Located one block from a major I‑4 interchange, ensuring effortless accessibility.
    (407) 516-4300
    We can help!
    Listing Contact
    Bill Nguyen
    Bill Nguyen
    Real Estate License ID: SL3588892
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!