Class A Office Condo
1525 INTERNATIONAL Pkwy 3021 Lake Mary, FL 32746
New
1525 INTERNATIONAL Pkwy 3021, Lake Mary, FL, 32746
$599,000
Pending
For Sale
$599,000
Pending
Office condo with private offices, flexible workspace, and 24-hour access in a Class A campus setting.
Property Size2,110 SF
Days on Market2
Property Features for 1525 INTERNATIONAL Pkwy 3021
General Information
- Standard status
- Pending
- Size
- 2,110 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2006
Listing agency
ALPHA EQUITY REALTY & MANAGEMENT INC
(407) 435-9596
Listed by
Abbas Sultanali
(407) 435-9596
Source
Elliman
Added: Jul 21 Updated: Jul 22 at 1:03PM Checked: Jul 22 at 1:03PM
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 ALPHA EQUITY REALTY & MANAGEMENT INC
Investment Insights
Based on property information with market context.
Suite 3021 at Park Place at Heathrow is a Class A office condo offering 2,110 SF with private offices and flexible workspace. The suite is described as featuring upscale finishes throughout and is available for sale as an office unit within a professionally managed environment.
The property is positioned in the Heathrow/Lake Mary corridor with immediate access to I-4 and 417. Tenants and owners are described as being within walking distance of a wide range of restaurants, hotels, and business amenities, supported by onsite surface parking and 24-hour access.
BikeScore is listed at 57 and walkScore at 26, indicating a car-dependent location with some bikeability. This suite is being marketed as coming soon to the market.
The property is positioned in the Heathrow/Lake Mary corridor with immediate access to I-4 and 417. Tenants and owners are described as being within walking distance of a wide range of restaurants, hotels, and business amenities, supported by onsite surface parking and 24-hour access.
BikeScore is listed at 57 and walkScore at 26, indicating a car-dependent location with some bikeability. This suite is being marketed as coming soon to the market.
Key Highlights
- 2,110 SF Suite 3021 office condo at Park Place at Heathrow in Lake Mary
- Features private offices plus flexible workspace for a range of professional users
- Upscale finishes throughout
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 | $50.6k | $24.00 |
| − Vacancy | −$8.6k | −$4.08 |
| EGI | $42.0k | $19.92 |
| − OpEx | −$10.5k | −$4.98 |
| NOI | $31.5k | $14.94 |
2,110 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$450.3K
$394.0K – $525.4K
NOI $31,523 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$600.4K
$525.4K – $700.5K
NOI $42,031 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto Owners Insurance
Insurance Agency
First Global Title
Consultant
LAMCO Advisory Services, ...
Financial Advisor
Rivers Wealth Management
Financial Advisor
Greg Stoner, The Stoner ...
Law Firm
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FAQs
What type of property is this?
Office units - Office condo with private offices, flexible workspace, and 24-hour access in a Class A campus setting.
Where is this office units located?
The property is located at 1525 INTERNATIONAL Pkwy 3021 Lake Mary, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,110 SF Suite 3021 office condo at Park Place at Heathrow in Lake Mary; Features private offices plus flexible workspace for a range of professional users; Upscale finishes throughout
