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 Market134
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) 869-0033
Source:
Realtygroupfl
Added: Apr 24
Changed: Sep 4
Last Checked: Sep 4 at 9:46AM
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
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 = 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
$22,679
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
4.68%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
