Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Mary Office Space Available Title is generated by Realmo AI

    605 Crescent Executive Ct, Lake Mary, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    771,681 SF office space in Lake Mary, Florida.

    Type:OFFICE
    Property size:
    5,824 SF
    Lot size:
    38.16 Acres
    Added:
    Nov 23, 2023
    Days on Market:
    907
    Last Refresh:
    Apr 5 at 8:59 pm

    Property Features for 605 Crescent Executive Ct

    General Information

    Standard status
    Active
    Size
    5,824 SF
    Lot size
    38.16 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 605 Crescent Executive Ct Contact us

    We can help!

    Listing Contact
    Micah Strader

    Listing agent Micah Strader

    Listing office JLL | Orlando

    Listing date Nov 23, 2023

    Source Moodyscre

    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 JLL | Orlando

    HighLights

    • 1,771,681 s.f. provides scale for lease flexibility and growth.
    • High parking ratio of 5/1000.
    • On‑site fitness centers with locker rooms and showers in all five buildings.
    • Benefit from the on‑site property management team.
    • Towers III and V feature on‑site cafés and conference facilities.
    • Relax in the Indoor/Outdoor Tenant Lounge in Tower III.

    Overview

    This office space, located in Lake Mary, Florida, offers 771,681 square feet of space. The property delivers the scale necessary to meet lease flexibility and growth-related demands. Contemporary floor plates with a rectangular design maximize efficiency and flexibility. High-speed fiber is available in all five buildings. The property features on-site fitness centers with locker rooms and showers in all five buildings, as well as on-site property management. Towers III and V feature on-site cafes and conference facilities. An indoor/outdoor tenant lounge is located in Tower III. Outdoor work and lounge patios are available at Tower V, Tower III, and Tower. Building signage opportunities are available. Parking is available at a ratio of 5/1000. The available space is 5,824 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    York Risk Services ... Insurance Agency Wealth Management Solutions, ... Financial Advisor Conte Mollenhauer Law ... Law Firm Lincoln Financial Group Financial Advisor First National Bankers ... Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Mary
    County
    Seminole
    State
    Florida
    Longitude
    -81.3577
    Latitude
    28.7617

    Nearby Similar for Lease

    • $500/Mo
      1,398 SF

      Lake Mary Office Space Available

      Prime office space in Lake Mary, move-in ready.
      1325 S INTERNATIONAL PKWY, LAKE MARY, FL 32746
      View Details
    • $2,500/Mo
      1,016 SF

      Lake Mary Office Space Available

      Well-maintained office space in a prime Lake Mary location.
      3232 W LAKE MARY BOULEVARD, LAKE MARY, FL 32746
      View Details
    • $2,471/Mo
      925 SF

      Professional Office Space in Lake Mary

      Professional office space in Lake Mary, available March 2026.
      3256 W LAKE MARY BOULEVARD, LAKE MARY, FL 32746
      View Details
    • Sponsored
      $129-$7,875/Mo
      11-1,292 SF

      Lake Mary

      801 International Pkwy, Unit 5TH, Lake Mary, FL 32746
      View Details
    • $6,000/Mo
      132 SF

      Move-In Ready Office Space

      Office space for lease in Seminole County location.
      1325 S INTERNATIONAL PKWY 2221, Lake Mary, FL 32746
      View Details
    • $20 SF/Yr
      996 SF

      Lake Mary Professional Office Space

      996 SF professional office space in Lake Mary, Florida.
      1045 PRIMERA BOULEVARD, LAKE MARY, FL 32746
      View Details
    • $20 SF/Yr
      1,261 SF

      Lake Mary Medical/Professional Office

      1261 SF office space suitable for medical or professional use.
      1045 PRIMERA BOULEVARD, LAKE MARY, FL 32746
      View Details
    • $18 SF/Yr
      28,183 SF

      Lake Mary Office Space Available

      28,183± SF office space in Lake Mary, excellent location.
      3300 West Lake Mary Blvd, Lake Mary, FL 32746
      View Details
    • $9,000/Mo

      Spacious Office Near Downtown

      Office space in excellent condition near downtown Lake Mary.
      2500 W LAKE MARY Blvd 213, Lake Mary, FL 32746
      View Details
    • $20 SF/Yr
      1,216 SF

      Lake Mary Medical/Professional Office

      1216 SF office space suitable for medical or professional use.
      1045 PRIMERA BOULEVARD, LAKE MARY, FL 32746
      View Details
    • $18 SF/Yr
      31,977 SF

      Lake Mary Office Building

      70,400 SF office building in Lake Mary, Florida.
      660 Century Pt, Lake Mary, Florida 32746
      View Details
    • $29,661 SF/Yr

      Professional Office Space Available

      Professional office space with reception, offices, and convenient location.
      3256 W LAKE MARY Blvd 1110, Lake Mary, FL 32746
      View Details

    FAQs

    What type of property is this?
    Office units - 771,681 SF office space in Lake Mary, Florida.
    Where is this office units located?
    The property is located at 605 Crescent Executive Ct Lake Mary, FL.
    What are key features of this property?
    This property features: 1,771,681 s.f. provides scale for lease flexibility and growth.; High parking ratio of 5/1000.; On‑site fitness centers with locker rooms and showers in all five buildings.
    (407) 982-8550 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Micah Strader
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    605 Crescent Executive Ct, Lake Mary, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!