Turnkey Office Building in
523 WEKIVA COMMONS Cir 4 Apopka, FL 32712
523 WEKIVA COMMONS Cir 4, Apopka, FL, 32712
$417,000
For Sale
$417,000
Remodeled office building in Wekiva Commons Office Park.
Property Size1,540 SF
Price / SF$270.78
Days on Market84
Property Features for 523 WEKIVA COMMONS Cir 4
General Information
- Standard status
- Active
- Size
- 1,540 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2004
Listing Agency
LOU HAUBNER REALTY, INC.
(407) 797-6932
Listed by
Tess Haubner · License #123002
(407) 797-6932
Source
Elliman
Added: Apr 24 Checked: Jul 15 at 10:47 pm
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 LOU HAUBNER REALTY, INC.
Investment Insights
Based on property information with market context.
This 1,540 sq. ft. office building is located in Wekiva Commons Office Park in Apopka, Florida. Completed at the end of 2004, the interior was fully remodeled in 2018 with new floors, an upgraded kitchen, and fresh paint. Both HVAC units have been replaced, and the roof was replaced in 2025. The building has no deferred maintenance. Currently owner-occupied, it can function as a two-unit facility, with unit A having 930 sq. ft. and unit B having 610 sq. ft., sharing one bathroom. The current layout includes 4 offices, 1 conference room, 1 lobby/reception area, 1 bathroom, and 1 storage room. The interior can be redesigned for more offices. This property is suitable for owner occupancy and presents a promising investment opportunity, as approximately half of the buildings in the seven-building office park are rented. Wekiva Commons is a condominium association that maintains common areas, including parking lots and trees. Water and sewer are included in the condo fee, which is currently $363.66 per month. Most furnishings will remain in place. The bike score is 83, indicating it is very bikeable. The walk score is 68, indicating it is somewhat walkable. The transit score is 37, indicating some transit is available.
Key Highlights
- Turnkey office building with flexible lease purchase options
- Recent roof replacement (2025) and HVAC unit replacements; no deferred maintenance
- Remodeled interior (2018) with new floors, upgraded kitchen, and fresh paint
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 | $37.0k | $24.00 |
| − Vacancy | −$6.3k | −$4.08 |
| EGI | $30.7k | $19.92 |
| − OpEx | −$7.7k | −$4.98 |
| NOI | $23.0k | $14.94 |
1,540 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$328.7K
$287.6K – $383.5K
NOI $23,008 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$438.2K
$383.5K – $511.3K
NOI $30,677 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Smothers Law Firm, ...
Law Firm
Kimberly Golden
Foster Care Service
Angelle Larks
Foster Care Service
Saisha Leshoure
Foster Care Service
Second Chances
Charitable Organization
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FAQs
What type of property is this?
Office building - Remodeled office building in Wekiva Commons Office Park.
Where is this office building located?
The property is located at 523 WEKIVA COMMONS Cir 4 Apopka, FL.
What is the asking price?
The asking price for this property is $417,000.
What are key features of this property?
This property features: Turnkey office building with flexible lease purchase options; Recent roof replacement (2025) and HVAC unit replacements; no deferred maintenance; Remodeled interior (2018) with new floors, upgraded kitchen, and fresh paint
