Altamonte Springs Commercial Property For
For Sale
$3,725,000
Pending
614 E ALTAMONTE DRIVE, Altamonte Springs, FL 32701
Free-standing 15,490 SF building on 1.5 acres near AdventHealth.
Property Size15,490 SF
Lot Size1.47 Acres
Days on Market279
Property Features for 614 E ALTAMONTE DRIVE
General Information
Standard status
Pending
Size
15,490 SF
Lot size
1.47 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$37,495
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Over 30 Spaces
Building Details
Year Built
1989
Listing Agency:
JOHN SADRI & COMPANY
(407) 619-9999
Listed By:
JOHN SADRI · License #598235
Source:
Corcoran
Added: Nov 25, 2025
Changed: Aug 8
Last Checked: Jul 23 at 9:55AM
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 JOHN SADRI & COMPANY
Investment Insights
Based on property information with market context.
This free-standing commercial property is located in Altamonte Springs, North Orlando, opposite the AdventHealth Altamonte Hospital. The 15,490 SF building sits on approximately 1.5 acres with 54 parking spaces. It has 262 feet of frontage on State Road 436 (Altamonte Drive), which sees over 74,000 vehicles a day. The property features a prominent pylon sign and a dedicated turn lane for access. Left-turn access is available from Altamonte Drive (westbound). The building includes a spacious showroom with natural light, multiple private offices, and a rear warehouse/storage area. There are four grade-level roll-up doors, two measuring 10’x10’ and two measuring 8’x10’. A fire sprinkler system is installed throughout the building. The property is located in a high-income area with an average household income exceeding $85,000 within a five-mile radius, and is 0.5 miles from Altamonte Mall and Cranes Roost Park. Potential uses include retail, medical, wellness/surgery center, veterinary clinic, training center, cardiology, or physical therapy center.
Key Highlights
- Prime Location: Directly opposite AdventHealth Altamonte Hospital with high visibility on State Road 436.
- High Traffic Volume: Over 74,000 vehicles per day (AADT) ensuring maximum exposure.
- Versatile Use: Suitable for retail, medical, wellness, veterinary, training, and other commercial purposes.
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
$304,175
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
8.17%
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%
$6,083,500
$6.1M
Cap Rate 7%
$4,345,357
$4.3M
Cap Rate 9%
$3,379,722
$3.4M
Market Conditions
NOI Build-Up for 15,490 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
$449.8K $29.04/SF
− Vacancy
−$15.3K −$0.99/SF
EGI
$434.5K $28.05/SF
− OpEx
−$130.4K −$8.42/SF
NOI
$304.2K $19.64/SF
Area
Seminole County, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
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%
$6,083,500
Cap Rate 7%
$4,345,357
Cap Rate 9%
$3,379,722
Alternative Uses
Best Use
Retail
$4.35M
$3.80M – $5.07M
NOI $304,175 @ 7.0% cap · market cap 8.17%
Second Best
Healthcare Medical
$3.15M
$2.76M – $3.68M
NOI $220,825 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$4.41M
$3.86M – $5.14M
NOI $308,561 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,063
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Free-standing 15,490 SF building on 1.5 acres near AdventHealth.
Where is this showroom located?
The property is located at 614 E ALTAMONTE DRIVE Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $3,725,000.
What are key features of this property?
This property features: Prime Location: Directly opposite AdventHealth Altamonte Hospital with high visibility on State Road 436.; High Traffic Volume: Over 74,000 vehicles per day (AADT) ensuring maximum exposure.; Versatile Use: Suitable for retail, medical, wellness, veterinary, training, and other commercial purposes.
