Two-Story Professional Office
For Sale
$2,200,000
260 Maitland Avenue, Altamonte Springs, FL 32701
PUD-MO zoning supports professional, medical, and mixed-use occupancy with on-site parking and overflow capacity.
Property Size7,320 SF
Days on Market150
Property Features for 260 Maitland Avenue
General Information
Standard status
Active
Size
7,320 SF
Class
C
Property subtype
Office - General Office
Building Details
Building Size
7,320 SF
Listing Agency:
Blueprint Commercial
(407) 432-7675
Listed By:
Brooke Grahl-Quttaineh, CCIM
Source:
Commercialcafe
Added: Apr 3
Changed: Aug 30
Last Checked: Aug 30 at 12:33PM
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 Blueprint Commercial
Investment Insights
Based on property information with market context.
This two-story professional office property contains 7,320 SF and is configured for office and medical-oriented occupancy. PUD-MO zoning supports professional, medical, and mixed-use uses. The building includes an elevator shaft that could accommodate a future elevator installation, along with on-site parking and overflow capacity for staff and visitors. A 3-year-old HVAC system and recently re-striped parking lot are among the documented improvements.
The property is located at 260 Maitland Avenue in Altamonte Springs, within the Orlando MSA. It is near Altamonte Mall, Uptown Altamonte, Crane’s Roost Park, and AdventHealth Altamonte Springs, with I-4 less than two miles away. These nearby retail, entertainment, healthcare, and transportation destinations place the building within an established commercial corridor.
The property is located at 260 Maitland Avenue in Altamonte Springs, within the Orlando MSA. It is near Altamonte Mall, Uptown Altamonte, Crane’s Roost Park, and AdventHealth Altamonte Springs, with I-4 less than two miles away. These nearby retail, entertainment, healthcare, and transportation destinations place the building within an established commercial corridor.
Key Highlights
- 7,320 SF two‑story professional office building
- PUD‑MO zoning supports professional, medical, and mixed‑use occupancy
- 3‑year‑old HVAC system
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
$109,361
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
4.97%
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%
$2,187,220
$2.2M
Cap Rate 7%
$1,562,300
$1.6M
Cap Rate 9%
$1,215,122
$1.2M
Market Conditions
NOI Build-Up for 7,320 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
$175.7K $24.00/SF
− Vacancy
−$29.9K −$4.08/SF
EGI
$145.8K $19.92/SF
− OpEx
−$36.5K −$4.98/SF
NOI
$109.4K $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%
$2,187,220
Cap Rate 7%
$1,562,300
Cap Rate 9%
$1,215,122
Alternative Uses
Best Use
Office B
$1.56M
$1.37M – $1.82M
NOI $109,361 @ 7.0% cap · market cap 4.97%
Second Best
Healthcare Medical
$1.49M
$1.30M – $1.74M
NOI $104,354 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,814 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,922
Businesses Nearby
Explore this area
Business Placement
Demographics for 32701, FL
23,265
Population
12,085
Households
1.9
Avg Household Size
40
Median Age
35%
College-Educated
93%
High-School Grad
5.6 sq mi
ZIP Area
4,154
Density / Sq Mi
$62,008
Median Household Income
$37,359
Median Earnings
$1,609
Median Rent
$258,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - PUD-MO zoning supports professional, medical, and mixed-use occupancy with on-site parking and overflow capacity.
Where is this office building located?
The property is located at 260 Maitland Avenue Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 7,320 SF two‑story professional office building; PUD‑MO zoning supports professional, medical, and mixed‑use occupancy; 3‑year‑old HVAC system
