Freestanding Professional Office
1977 Dundee Drive Winter Park, FL 32792
1977 Dundee Drive, Winter Park, FL, 32792
$695,500
For Sale
$695,500
Free-standing O-2 office building on a corner lot with five office areas, two private entrances, and ample on-site parking.
Property Size1,808 SF
Price / SF$384.68
Days on Market340
Property Features for 1977 Dundee Drive
General Information
- Standard status
- Active
- Size
- 1,808 SF
- Property subtype
- Office
Building Details
- Year Built
- 1955
Listing agency
HOMEVEST REALTY
(407) 897-5400
Listed by
Janice Cullity · License #493532
Source
Xome
Added: Aug 17, 2025 Updated: Jul 22 at 11:20AM Checked: Jul 22 at 11:20AM
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 HOMEVEST REALTY
Investment Insights
Based on property information with market context.
This free-standing professional office building is zoned O-2 and set on a spacious corner lot. The current interior layout includes five office areas, a large front entry that can be divided, two private entrances, two bathrooms, a small kitchen, and original hardwood floors. Additional features include a fenced backyard.
The property is located in the heart of Winter Park within a two-block district of small business offices, including medical, financial, and fitness uses. It also sits within walking distance to Advent Health, as well as nearby restaurants, shops, and Ward Park, a 66.4-acre sports complex with the Loch Lomond Trail. Rollins College and Park Avenue are also described as being just minutes away.
Parking is available both on-site and along the street, supporting convenient access for employees and visitors.
The property is located in the heart of Winter Park within a two-block district of small business offices, including medical, financial, and fitness uses. It also sits within walking distance to Advent Health, as well as nearby restaurants, shops, and Ward Park, a 66.4-acre sports complex with the Loch Lomond Trail. Rollins College and Park Avenue are also described as being just minutes away.
Parking is available both on-site and along the street, supporting convenient access for employees and visitors.
Key Highlights
- Free‑standing professional office building zoned O‑2
- Five office areas with large front entry that can be divided
- Two private entrances plus 2 baths and a small kitchen
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 | $43.4k | $24.00 |
| − Vacancy | −$7.4k | −$4.08 |
| EGI | $36.0k | $19.92 |
| − OpEx | −$9.0k | −$4.98 |
| NOI | $27.0k | $14.94 |
1,808 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$385.9K
$337.7K – $450.2K
NOI $27,012 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.5K
$450.2K – $600.3K
NOI $36,015 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Real Living Performance ...
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Free-standing O-2 office building on a corner lot with five office areas, two private entrances, and ample on-site parking.
Where is this office building located?
The property is located at 1977 Dundee Drive Winter Park, FL.
What is the asking price?
The asking price for this property is $695,500.
What are key features of this property?
This property features: Free‑standing professional office building zoned O‑2; Five office areas with large front entry that can be divided; Two private entrances plus 2 baths and a small kitchen
