Office Building with Monument
393 Maitland Ave Altamonte Springs, FL 32701
393 Maitland Ave, Altamonte Springs, FL, 32701
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For Sale
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4,500 SF office building on 0.72+ acres with 33 exclusive parking spaces and a new 2025 roof.
Property Size4,500 SF
Lot Size0.72 Acres
Price / SF$344.44
Days on Market100
Property Features for 393 Maitland Ave
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 0.72 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1980
Listing agency
Forness Properties LLC
(407) 403-5846
Listed by
Monte Mitchell · License #FL
Source
Crexi
Added: Apr 13 Updated: Jul 21 at 1:02AM Checked: Jul 21 at 1:02AM
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 Forness Properties LLC
Investment Insights
Based on property information with market context.
This office building offers approximately 4,500 SF of space on 0.72+ acres, with ample on-site parking including 33 exclusive spaces. Monument signage is in place, and a new roof was installed in 2025.
Located at 393 Maitland Ave in Altamonte Springs, the property provides visibility along Maitland Ave with reported traffic of 14,800 vehicles per day. It is also described as being minutes from I-4, SR 436, and SR 434 for an easy Orlando commute.
For those seeking a straightforward office asset with updated roofing and defined parking capacity, this property presents a practical option for ownership.
Located at 393 Maitland Ave in Altamonte Springs, the property provides visibility along Maitland Ave with reported traffic of 14,800 vehicles per day. It is also described as being minutes from I-4, SR 436, and SR 434 for an easy Orlando commute.
For those seeking a straightforward office asset with updated roofing and defined parking capacity, this property presents a practical option for ownership.
Key Highlights
- 4,500 SF office building built in 1980 on 0.72+ acres
- 33 exclusive parking spaces
- New roof installed in 2025
Local 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 | $108.0k | $24.00 |
| − Vacancy | −$18.4k | −$4.08 |
| EGI | $89.6k | $19.92 |
| − OpEx | −$22.4k | −$4.98 |
| NOI | $67.2k | $14.94 |
4,500 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$960.4K
$840.4K – $1.12M
NOI $67,230 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,640 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sam D. Pratt, ...
Pharmacy
Pharmacy Specialists
Pharmacy
Dr. Juan Lopez
Pharmacy
Jill Weinstein
Pharmacy
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FAQs
What type of property is this?
Office building - 4,500 SF office building on 0.72+ acres with 33 exclusive parking spaces and a new 2025 roof.
Where is this office building located?
The property is located at 393 Maitland Ave Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 4,500 SF office building built in 1980 on 0.72+ acres; 33 exclusive parking spaces; New roof installed in 2025
