Open-Plan Office
For Sale
$1,799,999
483 MONTGOMERY Place, Altamonte Springs, FL 32714
Commercial Sale, ALTAMONTE SPRINGS, FL
Property Size8,445 SF
Lot Size0.19 Acres
Price / SF$213.14
Days on Market286
Property Features for 483 MONTGOMERY Place
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
MOR-2
Window features
Blinds
Pets allowed
Yes
Appliances
Microwave, Refrigerator
Subdivision
MONTGOMERY PLACE
Directions
From I-4 and 436 go north to Montgomery Rd and turn right. Then go 2 miles to right on Montgomery Place then to the back of subdivision and building is the back left corner.
Standard status
Active
APN
15-21-29-521-0000-00G0
Size
8,445 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
UNIT G MONTGOMERY PLACE ORB 1379 PG 1353
Tax Annual Amount
20793
Legal Description
UNIT G MONTGOMERY PLACE ORB 1379 PG 1353
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1988
Floors in Building
1
Flooring type
Carpet
Building materials
Brick, Frame
Listing Agency:
FLORIDIAN REAL ESTATE GROUP
(407) 878-2830
Listed By:
Nate Trombetti · License #707606
(407) 402-3502
Added: Dec 15, 2025
Changed: Aug 24
Last Checked: Sep 27 at 4:06PM
MLS# O6362292
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.
Investment Insights
Based on property information with market context.
This 8,445-square-foot office building offers an open interior configuration that can be adapted to a range of commercial layouts. The property was built in 1988 and features brick-and-frame construction, carpeted flooring, central heating, and central air conditioning. A microwave and refrigerator are included, and the building is connected to public sewer service.
The property occupies 0.19 acres at 483 Montgomery Place in Altamonte Springs, Florida, within Seminole County. Zoning is MOR-2. Its largely open interior provides a straightforward starting point for office planning and space organization.
The property occupies 0.19 acres at 483 Montgomery Place in Altamonte Springs, Florida, within Seminole County. Zoning is MOR-2. Its largely open interior provides a straightforward starting point for office planning and space organization.
Key Highlights
- 8,445‑square‑foot office building on 0.19 acres
- Open interior floor plan supports flexible office layouts
- MOR‑2 zoning in Altamonte Springs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$126,168
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,523,360
$2.5M
Cap Rate 7%
$1,802,400
$1.8M
Cap Rate 9%
$1,401,867
$1.4M
Market Conditions
NOI Build-Up for 8,445 SF
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.
Gross rent
$202.7K $24.00/SF
− Vacancy
−$34.5K −$4.08/SF
EGI
$168.2K $19.92/SF
− OpEx
−$42.1K −$4.98/SF
NOI
$126.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,523,360
Cap Rate 7%
$1,802,400
Cap Rate 9%
$1,401,867
Alternative Uses
Best Use
Office B
$1.80M
$1.58M – $2.10M
NOI $126,168 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,224 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,390
Businesses Nearby
Explore this area
Business Placement
Demographics for 32714, FL
38,049
Population
16,722
Households
2.3
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
8.5 sq mi
ZIP Area
4,476
Density / Sq Mi
$67,333
Median Household Income
$39,714
Median Earnings
$1,641
Median Rent
$292,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Brick-and-frame commercial building with central HVAC, carpeted interiors, and public sewer service.
Where is this office building located?
The property is located at 483 MONTGOMERY Place Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: 8,445‑square‑foot office building on 0.19 acres; Open interior floor plan supports flexible office layouts; MOR‑2 zoning in Altamonte Springs
