Turn-Key Office
For Sale
$485,000
657 Maitland Avenue, Altamonte Springs, FL 32701
Updated office suite with private offices, conference room, flexible space, and on-site parking for day-to-day operations.
Property Size1,518 SF
Price / SF$319.50
Days on Market228
Property Features for 657 Maitland Avenue
General Information
Standard status
Active
Size
1,518 SF
Total Parking Spaces
7
Property subtype
Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Business Included
Yes
Office Units
4
Building Details
Year Built
1957
Listing Agency:
SOUTHERN REALTY ENTERPRISES
Listed By:
Frank Filippelli · License #316243
(407) 448-1042
Source:
Realtygroupfl
Added: Mar 8
Changed: Oct 21
Last Checked: Oct 20 at 11:03PM
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 SOUTHERN REALTY ENTERPRISES
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Investment Insights
Based on property information with market context.
This turn-key office building is designed for practical day-to-day use, with an interior layout that includes four private offices, a receptionist area, a conference room, and a kitchen area. An additional flex space can serve as a fifth office or a file room, and the office includes two restrooms. The property also features newly installed fencing.
The building is conveniently located near Winter Park, Maitland, and Altamonte Springs, with close access to major roadways including I-4, US 17-92, 436, and 414/Maitland Boulevard.
The configuration supports a range of professional office users needing separate rooms for staff and client meetings, along with flexible space for storage or an additional workspace. With a concrete parking lot offering seven spacious spaces and a driveway that circles the building, the site is set up to handle regular visitor and employee parking needs.
The building is conveniently located near Winter Park, Maitland, and Altamonte Springs, with close access to major roadways including I-4, US 17-92, 436, and 414/Maitland Boulevard.
The configuration supports a range of professional office users needing separate rooms for staff and client meetings, along with flexible space for storage or an additional workspace. With a concrete parking lot offering seven spacious spaces and a driveway that circles the building, the site is set up to handle regular visitor and employee parking needs.
Key Highlights
- 1957‑built office building with updated office space completed over the last couple of years
- Zoned for both residential and commercial use
- Interior includes 4 private offices, receptionist area, conference room, kitchen area, and a flex space for a 5th office or file room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,679
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,580
$453.6K
Cap Rate 7%
$323,986
$324.0K
Cap Rate 9%
$251,989
$252.0K
Market Conditions
NOI Build-Up for 1,518 SF
Gross rent
$36.4K $24.00/SF
− Vacancy
−$6.2K −$4.08/SF
EGI
$30.2K $19.92/SF
− OpEx
−$7.6K −$4.98/SF
NOI
$22.7K $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%
$453,580
Cap Rate 7%
$323,986
Cap Rate 9%
$251,989
Alternative Uses
Best Use
Office B
$324.0K
$283.5K – $378.0K
NOI $22,679 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$432.0K
$378.0K – $504.0K
NOI $30,239 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Office units
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
645
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Updated office suite with private offices, conference room, flexible space, and on-site parking for day-to-day operations.
Where is this office building located?
The property is located at 657 Maitland Avenue Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 1957‑built office building with updated office space completed over the last couple of years; Zoned for both residential and commercial use; Interior includes 4 private offices, receptionist area, conference room, kitchen area, and a flex space for a 5th office or file room
