Lake Mary Office Building For
2768 W LAKE MARY BOULEVARD Lake Mary, FL 32746
For Sale
$550,000
Pending
Stand-alone office building in the heart of Lake Mary, Florida.
Property Size1,675 SF
Lot Size0.27 Acres
Days on Market550
Property Features for 2768 W LAKE MARY BOULEVARD
General Information
- Standard status
- Pending
- Size
- 1,675 SF
- Lot size
- 0.27 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1965
Listing Agency:
ARMEL REAL ESTATE INC
(407) 509-3812
Listed By:
Deanna Armel · License #3187180
(407) 509-3812
Source:
Exitrealty
Added: Jan 22, 2025
Changed: Jul 6
Last Checked: Jul 26 at 7:55AM
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 ARMEL REAL ESTATE INC
Investment Insights
Based on property information with market context.
This stand-alone office building is situated on over a quarter of an acre in the heart of Lake Mary, Florida. The property features plentiful parking, with 2 spaces in the front and 10 spaces in the back. The 1,675 square-foot space includes a large, open reception area, 3 separate rooms, a large conference/training room, and 1 restroom. Zoned Professional Office (PO), the property is suitable for professional offices offering consulting services, such as architects, attorneys, engineers, accountants, doctors, dentists, and real estate offices. The property is located right off the heavily traveled Lake Mary Boulevard. Lake Mary is one of the fastest-growing sub-markets in Central Florida, attracting many corporate headquarters.
Key Highlights
- Premier location in the heart of Lake Mary, FL.
- Zoned Professional Office (PO) suitable for various professional services.
- High‑traffic location right off Lake Mary Boulevard.
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 | $40.2k | $24.00 |
| − Vacancy | −$6.8k | −$4.08 |
| EGI | $33.4k | $19.92 |
| − OpEx | −$8.3k | −$4.98 |
| NOI | $25.0k | $14.94 |
1,675 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$357.5K
$312.8K – $417.1K
NOI $25,025 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.7K
$417.1K – $556.1K
NOI $33,366 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Top Med Spa ...
Medical Clinic
Total Care Medical ...
Medical Clinic
Jonathan Peach APRN
Medical Clinic
FAQs
What type of property is this?
Office building - Stand-alone office building in the heart of Lake Mary, Florida.
Where is this office building located?
The property is located at 2768 W LAKE MARY BOULEVARD Lake Mary, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Premier location in the heart of Lake Mary, FL.; Zoned Professional Office (PO) suitable for various professional services.; High‑traffic location right off Lake Mary Boulevard.
