Altamonte Springs Office For
For Sale
$419,000
741 MAITLAND AVENUE, Altamonte Springs, FL 32701
1,520 SF office building with high street visibility.
Property Size1,520 SF
Price / SF$275.66
Days on Market448
Property Features for 741 MAITLAND AVENUE
General Information
Standard status
Active
Size
1,520 SF
Taxes and HOA fees
Annual Taxes
$4,766
Building Details
Year Built
1958
Listing Agency:
RE/MAX EXCLUSIVE COLLECTION
Listed By:
MICHAEL BERLANT
Source:
Corcoran
Added: Jun 10, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 RE/MAX EXCLUSIVE COLLECTION
Investment Insights
Based on property information with market context.
This 1,520 SF free-standing building, originally constructed as a home in 1958 and later converted into an office, is located on Maitland Avenue in Altamonte Springs, situated between Maitland Blvd (CR-427) and SR-436. The property, which has served as a chiropractor's office for many years, features five private offices, two open cubicles, a large waiting area, and a receptionist area. Parking is available both in front of and behind the building. The property benefits from significant street visibility and signage.
Key Highlights
- Incredible street visibility and street signage.
- Located on Maitland Avenue between Maitland Blvd (CR‑427) and SR - 436.
- Parking in front and behind the building.
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
$22,709
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
5.42%
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%
$454,180
$454.2K
Cap Rate 7%
$324,414
$324.4K
Cap Rate 9%
$252,322
$252.3K
Market Conditions
NOI Build-Up for 1,520 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
$36.5K $24.00/SF
− Vacancy
−$6.2K −$4.08/SF
EGI
$30.3K $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%
$454,180
Cap Rate 7%
$324,414
Cap Rate 9%
$252,322
Alternative Uses
Best Use
Office B
$324.4K
$283.9K – $378.5K
NOI $22,709 @ 7.0% cap · market cap 5.42%
Second Best
Healthcare Medical
$309.6K
$270.9K – $361.2K
NOI $21,669 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$432.5K
$378.5K – $504.6K
NOI $30,278 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
715
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Veterinary Dermatology Center — 9901 Orlando Ave, Maitland, FL 32751
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- Denis Heidi DVM — 9901 Hwy 17, Maitland, FL 32751
- Schwassman Marcia DVM — 9901 S US Hwy 17 92, Maitland, FL 32751
- Donna Cobb — 9905 S US Hwy 17 92, Maitland, FL 32751
Frequently Asked Questions
What type of property is this?
Medical Office Space - 1,520 SF office building with high street visibility.
Where is this medical office space located?
The property is located at 741 MAITLAND AVENUE Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Incredible street visibility and street signage.; Located on Maitland Avenue between Maitland Blvd (CR‑427) and SR - 436.; Parking in front and behind the building.
