Updated Office
For Sale
$485,000
657 MAITLAND AVENUE, Altamonte Springs, FL 32701
Flexible workspace offers private offices, meeting space, kitchen facilities, and two restrooms.
Property Size1,518 SF
Price / SF$319.50
Days on Market69
Property Features for 657 MAITLAND AVENUE
General Information
Standard status
Active
Size
1,518 SF
Total Parking Spaces
7
Property subtype
Office
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,813
Amenities
Central Air
3
County Road, Paved Road.
Building Details
Year Built
1957
Buildings
1
Stories
1
Listing Agency:
SOUTHERN REALTY ENTERPRISES
(407) 869-0033
Listed By:
Frank Filippelli · License #316243
Source:
Xome
Added: May 26
Changed: Aug 2
Last Checked: Aug 2 at 4:36AM
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 1,518-square-foot office building, constructed in 1957, has received updates over the last couple of years. The interior includes four private offices, a receptionist area, conference room, kitchen area, and flexible additional space that can serve as a fifth office or file room. Two restrooms support the layout, while central air provides climate control. Recent exterior work includes new fencing.
The property is zoned for both residential and commercial use. Its location provides access to Winter Park, Maitland, and Altamonte Springs, with nearby connections to I-4, US 17-92, 436, and 414/Maitland Boulevard. A concrete parking lot offers seven spaces, complemented by a driveway that circles the building.
The property is zoned for both residential and commercial use. Its location provides access to Winter Park, Maitland, and Altamonte Springs, with nearby connections to I-4, US 17-92, 436, and 414/Maitland Boulevard. A concrete parking lot offers seven spaces, complemented by a driveway that circles the building.
Key Highlights
- 1,518 SF office building on a 0.15‑acre site
- Four private offices plus receptionist, conference, kitchen, and flex areas
- Flex space can function as a fifth office or file room
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.4k | $24.00 |
| − Vacancy | −$6.2k | −$4.08 |
| EGI | $30.2k | $19.92 |
| − OpEx | −$7.6k | −$4.98 |
| NOI | $22.7k | $14.94 |
1,518 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
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
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
729
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
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Frequently Asked Questions
What type of property is this?
Office building - Flexible workspace offers private offices, meeting space, kitchen facilities, and two restrooms.
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 SF office building on a 0.15‑acre site; Four private offices plus receptionist, conference, kitchen, and flex areas; Flex space can function as a fifth office or file room
