Class A Office
For Sale
$599,000
1525 INTERNATIONAL PARKWAY #3021, Lake Mary, FL 32746
Professional suite with private offices, conference space, built-in cabinetry, and collaborative work areas.
Property Size2,110 SF
Price / SF$283.89
Days on Market39
Property Features for 1525 INTERNATIONAL PARKWAY #3021
General Information
Standard status
Active
Size
2,110 SF
Class
A
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
2006
Listing Agency:
ALPHA EQUITY REALTY & MANAGEMENT INC
(407) 789-1002
Listed By:
Abbas Sultanali · License #3371569
Source:
Endlesssummerrealty
Added: Jul 24
Changed: Aug 30
Last Checked: Jul 26 at 7:36AM
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.
This 2,110 SF office condominium offers a polished professional setting within Park Place at Heathrow. The suite includes a reception area, multiple private executive offices, custom built-in cabinetry, a conference room, and flexible collaborative areas. Large windows provide abundant natural light, while upscale finishes support a refined workplace environment. Built in 2006, the property is suited to a range of professional office operations, including law, financial services, medical, consulting, technology, and corporate users.
The property fronts International Parkway and sits across from the Marriott in Lake Mary’s business district. Interstate 4 and State Road 417 are immediately accessible, with restaurants, hotels, retail, and business services surrounding the office condominium. The configuration can serve either an owner-occupant headquarters or an investor seeking an office asset in the Heathrow/Lake Mary market.
The property fronts International Parkway and sits across from the Marriott in Lake Mary’s business district. Interstate 4 and State Road 417 are immediately accessible, with restaurants, hotels, retail, and business services surrounding the office condominium. The configuration can serve either an owner-occupant headquarters or an investor seeking an office asset in the Heathrow/Lake Mary market.
Key Highlights
- 2,110 SF Class A office condominium
- Reception area, private executive offices, conference room, and collaborative work areas
- Custom built‑in cabinetry and upscale interior finishes
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
$31,523
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
5.26%
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%
$630,460
$630.5K
Cap Rate 7%
$450,329
$450.3K
Cap Rate 9%
$350,256
$350.3K
Market Conditions
NOI Build-Up for 2,110 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
$50.6K $24.00/SF
− Vacancy
−$8.6K −$4.08/SF
EGI
$42.0K $19.92/SF
− OpEx
−$10.5K −$4.98/SF
NOI
$31.5K $14.94/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$630,460
Cap Rate 7%
$450,329
Cap Rate 9%
$350,256
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,626
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?
Office units - Professional suite with private offices, conference space, built-in cabinetry, and collaborative work areas.
Where is this office units located?
The property is located at 1525 INTERNATIONAL PARKWAY #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 Class A office condominium; Reception area, private executive offices, conference room, and collaborative work areas; Custom built‑in cabinetry and upscale interior finishes
