Office Building with Monument
For Sale
Contact for pricing
Pending
393 Maitland Ave, Altamonte Springs, FL 32701
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
Days on Market193
Property Features for 393 Maitland Ave
General Information
Standard status
Pending
Size
4,500 SF
Class
C
Total Parking Spaces
33
Lot size
0.72 Acres
Property subtype
Office
Zoning
MOR1
Site & Location
Traffic Count
14,800 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1980
Year Renovated
2025
Buildings
1
Stories
1
Units
33
Tenancy
Single
Listing Agency:
Forness Properties LLC
Listed By:
Monte Mitchell · License #FL
(407) 403-5846
Source:
Crexi
Added: Apr 13
Changed: Oct 15
Last Checked: Oct 20 at 5:42PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,230
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,600
$1.3M
Cap Rate 7%
$960,429
$960.4K
Cap Rate 9%
$747,000
$747.0K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$108.0K $24.00/SF
− Vacancy
−$18.4K −$4.08/SF
EGI
$89.6K $19.92/SF
− OpEx
−$22.4K −$4.98/SF
NOI
$67.2K $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%
$1,344,600
Cap Rate 7%
$960,429
Cap Rate 9%
$747,000
Alternative Uses
Best Use
Office B
$960.4K
$840.4K – $1.12M
NOI $67,230 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,640 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14,800 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,670
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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 $1,590,000.
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
