Maitland Freestanding Professional Office
159 LOOKOUT PLACE, Maitland, FL 32751
Two-story office building in Maitland's premier business district.
Type:Commercial
Property size:
4,851 SFLot size:
0.14 AcresPrice / SF:
$247/SF- Added:
- Feb 22, 2026
- Days on Market:
- 85
- Last Refresh:
- Apr 5 at 9:01 pm
Property Features for 159 LOOKOUT PLACE
General Information
- Standard status
- Active
- Size
- 4,851 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1991
Listing agent DAVID WEISS
Listing office COLDWELL BANKER REALTY (407) 696-8000
Listing date Feb 22, 2026
Source Corcoran
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 COLDWELL BANKER REALTY
HighLights
- Prime Maitland location in a premier business district with convenient access to major roadways.
- Flexible layout suitable for owner‑users or investors, with potential for multi‑tenant use and rental income.
- Well‑maintained, freestanding two‑story professional office building with approximately 4,915 SF.
- First floor built out with six private offices, conference room, and break room.
- Located within the Keewin / Lookout Pointe Office Park, a well‑maintained professional environment.
- Value‑add opportunity on the second floor with potential for cosmetic updates.
Overview
The two-story freestanding professional office building at 159 Lookout Place is situated in Maitland’s premier business district. The property offers approximately 4,915 SF and features a flexible layout suitable for law firms, accounting practices, financial advisors, or general professional users. The first floor is built out as a former attorney’s office and includes six private offices, a conference room, two communal/admin areas, a break room, and two common restrooms. The second floor is configured as general office space and includes two office suites, five private offices, and two shared restrooms. This level offers a value-add opportunity with light cosmetic updates and is well-suited for owner-users seeking additional rental income or investors repositioning the asset. The property presents an opportunity to own and occupy a portion of the building while leasing the remaining space. Its flexible configuration supports multi-tenant use and future leasing strategies. Located within the Keewin / Lookout Pointe Office Park, the surrounding area offers demographics, accessibility, and long-term value stability. The location provides access to Interstate 4 and US-17/92 and is near Maitland Town Centre. The building is located in a professional environment with occupancy and consistent demand.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$805.3K
NOI $72,474 @ 9.00% cap · cautious / downside scenario
Moderate
$1.04M
NOI $72,474 @ 7.00% cap · market / base-case scenario
Aggressive
$1.45M
NOI $72,474 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.4k | $24.00 |
| − Vacancy | −$19.8k | −$4.08 |
| EGI | $96.6k | $19.92 |
| − OpEx | −$24.2k | −$4.98 |
| NOI | $72.5k | $14.94 |
4,851 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.04M
$905.9K – $1.21M
NOI $72,474 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,632 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Lim Law, P.A.
Law Firm
Millennium Settlements
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- Maitland
- County
- Orange
- State
- Florida
- Longitude
- -81.3636
- Latitude
- 28.6382
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-story office building in Maitland's premier business district.
Where is this office building located?
The property is located at 159 LOOKOUT PLACE Maitland, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime Maitland location in a premier business district with convenient access to major roadways.; Flexible layout suitable for owner‑users or investors, with potential for multi‑tenant use and rental income.; Well‑maintained, freestanding two‑story professional office building with approximately 4,915 SF.
