Class A Office Condominium
3021-1525 International Pkwy Lake Mary, FL 32746
For Sale
$599,000
Class A office suite with reception, multiple private offices, a conference room, and built-in cabinetry in Park Place at Heathrow.
Property Size2,110 SF
Price / SF$283.89
Days on Market10
Property Features for 3021-1525 International Pkwy
General Information
Standard status
Active
Size
2,110 SF
Listing Agency:
ALPHA EQUITY REALTY & MANAGEMENT INC
(407) 435-9596
Listed By:
Abbas Sultanali
(407) 435-9596
Source:
Exprealty
Added: Jul 20
Changed: Jul 28
Last Checked: Jul 29 at 12:45PM
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 ALPHA EQUITY REALTY & MANAGEMENT INC
Investment Insights
Based on property information with market context.
This Class A office condominium suite is located within Park Place at Heathrow and includes an inviting reception area, multiple private executive offices with custom built-in cabinetry, a spacious conference room, and flexible collaborative work areas. Large windows throughout help provide natural light, and the suite features upscale, polished finishes intended for a professional workplace.
The suite is positioned along International Parkway and is directly across from the Marriott. The property provides immediate access to Interstate 4 and State Road 417, with surrounding amenities including restaurants, hotels, retail, and business services.
Suite 3021 offers a turnkey office layout with a combination of client-facing and team-oriented spaces, making it well suited for a range of professional office uses.
The suite is positioned along International Parkway and is directly across from the Marriott. The property provides immediate access to Interstate 4 and State Road 417, with surrounding amenities including restaurants, hotels, retail, and business services.
Suite 3021 offers a turnkey office layout with a combination of client-facing and team-oriented spaces, making it well suited for a range of professional office uses.
Key Highlights
- 2,110 SF Class A office condominium in Park Place at Heathrow (Suite 3021).
- Suite includes an inviting reception area plus multiple private executive offices.
- Conference room and flexible collaborative work areas.
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 | $50.6k | $24.00 |
| − Vacancy | −$8.6k | −$4.08 |
| EGI | $42.0k | $19.92 |
| − OpEx | −$10.5k | −$4.98 |
| NOI | $31.5k | $14.94 |
2,110 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$450.3K
$394.0K – $525.4K
NOI $31,523 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$600.4K
$525.4K – $700.5K
NOI $42,031 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Class A office suite with reception, multiple private offices, a conference room, and built-in cabinetry in Park Place at Heathrow.
Where is this office units located?
The property is located at 3021-1525 International Pkwy Lake Mary, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,110 SF Class A office condominium in Park Place at Heathrow (Suite 3021).; Suite includes an inviting reception area plus multiple private executive offices.; Conference room and flexible collaborative work areas.
