Freestanding Two-Story Office
159 Lookout Place Maitland, FL 32751
159 Lookout Place, Maitland, FL, 32751
$1,200,000
For Sale
$1,200,000
Two-story professional office building with multiple private offices, conference space, and shared restrooms.
Property Size4,851 SF
Price / SF$247.37
Days on Market177
Property Features for 159 Lookout Place
General Information
- Standard status
- Active
- Size
- 4,851 SF
- Property subtype
- Office
Building Details
- Year Built
- 1991
Listing agency
COLDWELL BANKER REALTY
(407) 696-8000
Listed by
David Weiss
Source
Xome
Added: Jan 25 Updated: Jul 21 at 6:52AM Checked: Jul 21 at 6:52AM
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
Investment Insights
Based on property information with market context.
159 Lookout Place is a well-maintained, two-story freestanding professional office building offering a flexible layout designed for a range of professional uses. The first floor is built out as an attorney’s office with six private offices, a conference room, communal/admin areas, a break room, and two common restrooms. The second floor provides general office space with two office suites, five private offices, and two shared restrooms, with light cosmetic updates noted for additional value.
The property is located within the Keewin/Lookout Pointe Office Park in Maitland’s business district, near Maitland Boulevard and Maitland Avenue. Convenient access is described to Interstate 4 and US-17/92, with proximity to Maitland Town Centre and surrounding established professional services.
As configured, the building supports multi-suite occupancy and provides a practical option for an owner-user seeking to occupy part of the space while leasing the remainder.
The property is located within the Keewin/Lookout Pointe Office Park in Maitland’s business district, near Maitland Boulevard and Maitland Avenue. Convenient access is described to Interstate 4 and US-17/92, with proximity to Maitland Town Centre and surrounding established professional services.
As configured, the building supports multi-suite occupancy and provides a practical option for an owner-user seeking to occupy part of the space while leasing the remainder.
Key Highlights
- Two‑story freestanding professional office building built in 1991 with approx. 4,915 SF in Maitland’s Central Business District
- First floor former attorney’s office: 6 private offices, conference room, break room, 2 communal/admin areas, and 2 common restrooms
- Second floor general office space: 2 office suites, 5 private offices, and 2 shared restrooms
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 | $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 Uses
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 Analytics
Location Intelligence
Current Use by Public Records
Lim Law, P.A.
Law Firm
Millennium Settlements
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story professional office building with multiple private offices, conference space, and shared restrooms.
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: Two‑story freestanding professional office building built in 1991 with approx. 4,915 SF in Maitland’s Central Business District; First floor former attorney’s office: 6 private offices, conference room, break room, 2 communal/admin areas, and 2 common restrooms; Second floor general office space: 2 office suites, 5 private offices, and 2 shared restrooms
