Two-Story Creative
For Sale
Under Contract
$649,900
300 MAITLAND Avenue, Altamonte Springs, FL 32701
Commercial Sale, ALTAMONTE SPRINGS, FL
Property Size2,112 SF
Lot Size0.24 Acres
Price / SF$307.72
Days on Market72
Property Features for 300 MAITLAND Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MOR-1
Security features
Security System
Appliances
Dishwasher
Subdivision
BETTS ADD TO ALTAMONTE ROBERT L
Lot features
Corner Lot, City Limits, Landscaped, Sidewalk, Street Lights, Paved
Directions
From SR 436 turn South onto Maitland Avenue, continue approximately 0.5 miles to the building on the right.
Standard status
Active Under Contract
APN
13-21-29-506-0B00-0010
Size
2,112 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 1 2 3 + 4 BLK B (LESS W 15 FT + RD) ROBERT L BETTS ADD TO ALTAMONTE PB 2 PG 96
Tax Annual Amount
6841
Legal Description
LOTS 1 2 3 + 4 BLK B (LESS W 15 FT + RD) ROBERT L BETTS ADD TO ALTAMONTE PB 2 PG 96
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Floors in Building
2
Flooring type
Laminate
Building materials
Stucco, Frame
Roof type
Shingle
Listing Agency:
GILKEY REAL ESTATE
Listed By:
Jason Gilkey
(407) 712-3111
Added: Aug 24
Changed: Nov 2
Last Checked: Nov 3 at 12:06AM
MLS# O6435605
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story creative workspace includes a 1,412-square-foot ground floor with an open layout, a separate office, storage, a kitchen, and an ADA-compliant restroom. The 660-square-foot upper loft adds an enclosed workspace, lounge area, second restroom, and open meeting space. The kitchen is equipped with a double oven and five-burner range, vent hood, refrigerator, dual sinks, and cabinetry.
The 0.24-acre property has 110 feet of road frontage and 12 parking spaces, including one accessible space. MOR-1 zoning applies. The roof was replaced in 2023, and electrical, plumbing, and interior improvements were completed in 2017. Public water and sewer are available, and electricity is listed as available.
The 0.24-acre property has 110 feet of road frontage and 12 parking spaces, including one accessible space. MOR-1 zoning applies. The roof was replaced in 2023, and electrical, plumbing, and interior improvements were completed in 2017. Public water and sewer are available, and electricity is listed as available.
Key Highlights
- Two‑story building with 1,412‑square‑foot ground floor and 660‑square‑foot upper loft
- MOR‑1 zoning
- 0.24‑acre site with 110 feet of road frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,553
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,060
$631.1K
Cap Rate 7%
$450,757
$450.8K
Cap Rate 9%
$350,589
$350.6K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$50.7K $24.00/SF
− Vacancy
−$8.6K −$4.08/SF
EGI
$42.1K $19.92/SF
− OpEx
−$10.5K −$4.98/SF
NOI
$31.6K $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 Rate 5%
$631,060
Cap Rate 7%
$450,757
Cap Rate 9%
$350,589
Alternative Uses
Best Use
Office B
$450.8K
$394.4K – $525.9K
NOI $31,553 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$601.0K
$525.9K – $701.2K
NOI $42,071 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,656
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Creative space - MOR-1 zoning and a loft-style upper level support a range of commercial configurations.
Where is this creative space located?
The property is located at 300 MAITLAND Avenue Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑story building with 1,412‑square‑foot ground floor and 660‑square‑foot upper loft; MOR‑1 zoning; 0.24‑acre site with 110 feet of road frontage
