Retail Space with Flexible
For Sale
$1,590,000
Pending
141 PARLIAMENT Loop, Lake Mary, FL 32746
Commercial Sale, LAKE MARY, FL
Property Size4,900 SF
Lot Size0.13 Acres
Days on Market448
Property Features for 141 PARLIAMENT Loop
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PO
Window features
Display Window(s)
Subdivision
REGENCY POINTE A LANDSITE
Lot features
Central Business District, City Limits, Sidewalk, Paved
Directions
From FL-417 (Central Florida GreeneWay): Take Exit 30 for Curry Ford Road. Head east on Curry Ford Road for about 1 mile. Turn right onto Dean Road and go about 0.6 miles. Turn left onto Parliament Loop. Follow the loop until you reach 141 Parliament Loop on your right.
Standard status
Pending
APN
16-20-30-524-0000-0030
Size
4,900 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BUILDING SITE 3 REGENCY POINTE A LANDSITE CONDOMINIUM PB 61 PG 79
Tax Annual Amount
11832
Legal Description
BUILDING SITE 3 REGENCY POINTE A LANDSITE CONDOMINIUM PB 61 PG 79
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
reception area
conference room
office/admin space
kitchen/break room
restrooms
ample parking
Building Details
Year built
2006
Floors in Building
1
Flooring type
Concrete
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Listing Agency:
LOVELAND PROPERTIES
(407) 352-8118
Listed By:
Cleve Loveland · License #602469
(407) 352-8118
Added: Jun 5, 2025
Changed: Aug 19
Last Checked: Aug 26 at 5:06AM
MLS# O6312631
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,900-square-foot retail property, built in 2006, provides a flexible commercial configuration within a block, concrete, and stucco building. The interior includes expansive open areas that can be adapted, along with reception space, a conference room, administrative offices, a kitchen and break area, and two restrooms in each suite. Concrete flooring, central heating, and central air conditioning support the existing layout.
The property occupies 0.13 acres at 141 Parliament Loop in Lake Mary, Florida, along Lake Mary Boulevard. Ample parking is available, and the site is served by public water and public sewer. PO zoning is identified for the property. The building may be divided into approximately 1,700-square-foot Suite A and approximately 3,200-square-foot Suite B, with the option to sell the suites separately or together.
The property occupies 0.13 acres at 141 Parliament Loop in Lake Mary, Florida, along Lake Mary Boulevard. Ample parking is available, and the site is served by public water and public sewer. PO zoning is identified for the property. The building may be divided into approximately 1,700-square-foot Suite A and approximately 3,200-square-foot Suite B, with the option to sell the suites separately or together.
Key Highlights
- 4,900 square feet of commercial space on a 0.13‑acre site
- Approximately 1,700‑square‑foot Suite A and approximately 3,200‑square‑foot Suite B
- Open interior areas with reception, conference, administrative, kitchen, and break‑room spaces
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
$96,221
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
6.05%
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%
$1,924,420
$1.9M
Cap Rate 7%
$1,374,586
$1.4M
Cap Rate 9%
$1,069,122
$1.1M
Market Conditions
NOI Build-Up for 4,900 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
$142.3K $29.04/SF
− Vacancy
−$4.8K −$0.99/SF
EGI
$137.5K $28.05/SF
− OpEx
−$41.2K −$8.42/SF
NOI
$96.2K $19.64/SF
Area
Seminole County, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,924,420
Cap Rate 7%
$1,374,586
Cap Rate 9%
$1,069,122
Alternative Uses
Best Use
Retail
$1.37M
$1.20M – $1.60M
NOI $96,221 @ 7.0% cap · market cap 6.05%
Second Best
Office B
$1.05M
$915.1K – $1.22M
NOI $73,206 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,608 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
1,237
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Two suites combine open areas with reception, meeting, administrative, kitchen, and restroom improvements.
Where is this retail space located?
The property is located at 141 PARLIAMENT Loop Lake Mary, FL.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: 4,900 square feet of commercial space on a 0.13‑acre site; Approximately 1,700‑square‑foot Suite A and approximately 3,200‑square‑foot Suite B; Open interior areas with reception, conference, administrative, kitchen, and break‑room spaces
