Updated Office
657 MAITLAND Avenue, Altamonte Springs, FL 32701
For Sale
$485,000
Commercial Sale, ALTAMONTE SPRINGS, FL
Property Size1,518 SF
Lot Size0.27 Acres
Price / SF$319.50
Days on Market171
Property Features for 657 MAITLAND Avenue
General Information
Property type
Property subtype
Zoning
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Building Details
Year built
Floors in Building
Building materials
Listing Agency:
SOUTHERN REALTY ENTERPRISES
(407) 869-0033
Listed By:
Frank Filippelli · License FL #316243
(407) 448-1042
Added: May 26
Changed: Oct 28
Last Checked: Nov 12 at 6:06AM
MLS# O6410776
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.
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Investment Insights
Based on property information with market context.
This 1,518-square-foot office building occupies a 0.27-acre parcel and was constructed in 1957. The interior includes four private offices, a reception area, conference room, kitchen, and flexible space that can serve as an additional office or file room. Two restrooms support the layout, while central air provides cooling. Block, concrete, and stucco construction, along with recent interior updates and new fencing, are part of the improvements.
A concrete parking area provides seven spaces, and the driveway circulates around the building. The property carries MOR-1 zoning, with the source information identifying both residential and commercial zoning capability. Access is available to I-4, US 17-92, 436, and the 414/Maitland Boulevard corridor, with proximity to Winter Park, Maitland, and Altamonte Springs.
A concrete parking area provides seven spaces, and the driveway circulates around the building. The property carries MOR-1 zoning, with the source information identifying both residential and commercial zoning capability. Access is available to I-4, US 17-92, 436, and the 414/Maitland Boulevard corridor, with proximity to Winter Park, Maitland, and Altamonte Springs.
Key Highlights
- 1,518‑square‑foot office building on a 0.27‑acre parcel
- Four private offices plus reception, conference, kitchen, and flexible space
- Two restrooms and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,947
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,940
$498.9K
Cap Rate 7%
$356,386
$356.4K
Cap Rate 9%
$277,189
$277.2K
Market Conditions
NOI Build-Up for 1,518 SF
Gross rent
$40.1K $26.40/SF
− Vacancy
−$6.8K −$4.49/SF
EGI
$33.3K $21.91/SF
− OpEx
−$8.3K −$5.48/SF
NOI
$24.9K $16.43/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,940
Cap Rate 7%
$356,386
Cap Rate 9%
$277,189
Alternative Uses
Best Use
Office B
$356.4K
$311.8K – $415.8K
NOI $24,947 @ 7.0% cap · market cap 5.14%
Second Best
Mixed Use
$302.5K
$264.7K – $352.9K
NOI $21,176 @ 7.0% cap · market cap 4.37%
Theoretical Best
Specialty Retail
$455.3K
$398.4K – $531.2K
NOI $31,872 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
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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
$258,100
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Seminole County, FL
Properties on Market for Office buildings in Seminole County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A multi-room layout includes reception, conference, kitchen, flex space, restrooms, and dedicated parking.
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: 1,518‑square‑foot office building on a 0.27‑acre parcel; Four private offices plus reception, conference, kitchen, and flexible space; Two restrooms and central air conditioning
