Medical Office Building For
741 MAITLAND AVENUE Altamonte Springs, FL 32701
For Sale
$599,000
Medical office/med spa near Adventhealth Hospital and Altamonte Mall.
Property Size1,520 SF
Price / SF$394.08
Days on Market74
Property Features for 741 MAITLAND AVENUE
General Information
- Standard status
- Active
- Size
- 1,520 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1958
Listing Agency:
KELLER WILLIAMS LEGACY REALTY
(407) 855-2222
Listed By:
HAZEL HEYER · License #3197208
Source:
Corcoran
Added: May 14
Changed: Jul 10
Last Checked: Jul 26 at 6:59AM
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 KELLER WILLIAMS LEGACY REALTY
Investment Insights
Based on property information with market context.
This free-standing commercial property, suitable for a medical spa or doctor's office, is located near Adventhealth Hospital, other medical, law, financial, and business consultancy offices, and the Altamonte Mall. The property has an effective year built of 2000 and features 8 examination rooms and 2 bathrooms within its 1,520 square feet. It has 67 feet of road frontage and ample parking in both the front and back. Situated on Maitland Avenue in Altamonte Springs, it lies between Maitland Blvd (CR-427) and SR-436. The property has been fully upgraded with a new interior, including new porcelain-tile marble-look flooring, luxury glass sliding doors, marble wall panels, gold-plated faucets and air vents, new countertops, a new break room, and new interior and exterior paint. The property is intended for use as a medical office building or similar commercial space.
Key Highlights
- Fully upgraded interior and exterior featuring new porcelain‑tile marble‑look floor, luxury glass sliding doors, marble wall panels, gold‑plated fixtures, and new paint.
- Ideal location on Maitland Avenue in Altamonte Springs, near Adventhealth Hospital and Altamonte Mall.
- Suitable for medical office or med spa with 8 examination rooms and 2 bathrooms.
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 | $36.5k | $24.00 |
| − Vacancy | −$6.2k | −$4.08 |
| EGI | $30.3k | $19.92 |
| − OpEx | −$7.6k | −$4.98 |
| NOI | $22.7k | $14.94 |
1,520 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$324.4K
$283.9K – $378.5K
NOI $22,709 @ 7.0% cap · market cap 3.79%
Second Best
Healthcare Medical
$309.6K
$270.9K – $361.2K
NOI $21,669 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$432.5K
$378.5K – $504.6K
NOI $30,278 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Network Chiropractic
Alternative Medicine Practice
Freddie J. Seltzer, ...
Alternative Medicine Practice
Destination Health and Wellness
Alternative Medicine Practice
Matthew Roberts
Alternative Medicine Practice
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FAQs
What type of property is this?
Medical Office Space - Medical office/med spa near Adventhealth Hospital and Altamonte Mall.
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 $599,000.
What are key features of this property?
This property features: Fully upgraded interior and exterior featuring new porcelain‑tile marble‑look floor, luxury glass sliding doors, marble wall panels, gold‑plated fixtures, and new paint.; Ideal location on Maitland Avenue in Altamonte Springs, near Adventhealth Hospital and Altamonte Mall.; Suitable for medical office or med spa with 8 examination rooms and 2 bathrooms.
