Second-Floor Office
New
For Sale
Contact for pricing
2572 W STATE ROAD 426 #2040, Oviedo, FL 32765
A reception area and three private offices support a range of professional and medical uses.
Property Size70,044 SF
Price / SF$19.50
Days on Market4
Property Features for 2572 W STATE ROAD 426 #2040
General Information
Standard status
Active
Size
70,044 SF
Total Parking Spaces
240
Elevators
Yes
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
2
Amenities
covered drive-through portico
Building Details
Year Built
2008
Buildings
1
Stories
3
Building Size
70,044 SF
Tenancy
Multi
Listing Agency:
COMPASS FLORIDA LLC
(407) 203-9441
Listed By:
Brad Kuskin · License #3333122
(561) 232-7899
Source:
Endlesssummerrealty
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:08PM
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 COMPASS FLORIDA LLC
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Investment Insights
Based on property information with market context.
Suite 2040 contains 1,268 SF on the second floor of Magnolia Corporate Center, a three-story professional office building constructed in 2008. Its layout includes a reception area, three private offices and a mechanical room. Wood-look plank flooring, neutral paint and exterior windows finish the space, which is positioned near the elevator lobby. The building totals 70,044 SF and includes elevator service, a covered drive-through portico and 240 surface parking spaces.
Healthcare tenants anchor the property, which is professionally managed and has on-site maintenance. The building fronts State Road 426, with access to State Road 417 and State Road 434. Other built-out suites ranging from 1,163 to 2,580 SF are also available in the building.
Healthcare tenants anchor the property, which is professionally managed and has on-site maintenance. The building fronts State Road 426, with access to State Road 417 and State Road 434. Other built-out suites ranging from 1,163 to 2,580 SF are also available in the building.
Key Highlights
- 1,268 SF second‑floor suite with reception area, 3 private offices and a mechanical room
- Located in a 70,044 SF, three‑story professional office building constructed in 2008
- 240 surface parking spaces and a covered drive‑through portico
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,077
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,540
$361.5K
Cap Rate 7%
$258,243
$258.2K
Cap Rate 9%
$200,856
$200.9K
Market Conditions
NOI Build-Up for 1,268 SF
Gross rent
$33.5K $26.40/SF
− Vacancy
−$3.3K −$2.64/SF
EGI
$30.1K $23.76/SF
− OpEx
−$12.1K −$9.50/SF
NOI
$18.1K $14.26/SF
Area
Seminole County, FL
Vacancy
10.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,540
Cap Rate 7%
$258,243
Cap Rate 9%
$200,856
Alternative Uses
Best Use
Office B
$270.6K
$236.8K – $315.7K
NOI $18,944 @ 7.0% cap · market cap 76.62%
Second Best
Healthcare Medical
$258.2K
$226.0K – $301.3K
NOI $18,077 @ 7.0% cap · market cap 73.11%
Theoretical Best
Office A
$360.8K
$315.7K – $421.0K
NOI $25,259 @ 7.0% cap · market cap 102.16%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Explore this area
Business Placement
Demographics for 32765, FL
65,228
Population
23,389
Households
2.8
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
39.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$99,161
Median Household Income
$48,595
Median Earnings
$1,870
Median Rent
$418,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - A reception area and three private offices support a range of professional and medical uses.
Where is this office units located?
The property is located at 2572 W STATE ROAD 426 #2040 Oviedo, FL.
What are key features of this property?
This property features: 1,268 SF second‑floor suite with reception area, 3 private offices and a mechanical room; Located in a 70,044 SF, three‑story professional office building constructed in 2008; 240 surface parking spaces and a covered drive‑through portico
