Corner Office
1477 W FAIRBANKS AVENUE Winter Park, FL 32789
1477 W FAIRBANKS AVENUE, Winter Park, FL, 32789
$2,500,000
For Sale
$2,500,000
Office building located on the corner of Fairbanks Avenue and Lakeview Avenue in Winter Park.
Property Size6,049 SF
Price / SF$413.29
Days on Market14
Property Features for 1477 W FAIRBANKS AVENUE
General Information
- Standard status
- Active
- Size
- 6,049 SF
Building Details
- Year Built
- 1948
Listing agency
RECIPROCAL OFFICE
(407) 620-3633
Listed by
Sharon Helsby
(407) 620-3633
Source
Evrealestate
Added: Jul 9 Updated: Jul 22 at 6:11PM Checked: Jul 22 at 6:11PM
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 RECIPROCAL OFFICE
Investment Insights
Based on property information with market context.
This office building is offered for sale and sits at a street-corner location. The property is addressed at 1477 W Fairbanks Avenue, Winter Park, FL 32789.
Access is described from I-4 via the Fairbanks Avenue exit, traveling east. The building is located on the left before 17-92 and is positioned on the corner of Fairbanks Avenue and Lakeview Avenue.
The listing information also notes a total property size of 6,049 square feet.
Access is described from I-4 via the Fairbanks Avenue exit, traveling east. The building is located on the left before 17-92 and is positioned on the corner of Fairbanks Avenue and Lakeview Avenue.
The listing information also notes a total property size of 6,049 square feet.
Key Highlights
- Office building on the corner of Fairbanks Avenue and Lakeview Avenue in Winter Park
- Central air conditioning with zoned cooling
- Central electric heating
Local 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 | $145.2k | $24.00 |
| − Vacancy | −$24.7k | −$4.08 |
| EGI | $120.5k | $19.92 |
| − OpEx | −$30.1k | −$4.98 |
| NOI | $90.4k | $14.94 |
6,049 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,372 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,496 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Allen Norton & Blue ...
Law Firm
Mark E. Levitt
Law Firm
Kelly Shannon
Law Firm
Swift Lender Services
Bank
Swift Law Office
Law Firm
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FAQs
What type of property is this?
Office building - Office building located on the corner of Fairbanks Avenue and Lakeview Avenue in Winter Park.
Where is this office building located?
The property is located at 1477 W FAIRBANKS AVENUE Winter Park, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Office building on the corner of Fairbanks Avenue and Lakeview Avenue in Winter Park; Central air conditioning with zoned cooling; Central electric heating
