Flex Property with Commercial
860 Sunshine Ln, Altamonte Springs, FL 32714
For Sale
New
$2,650,000
Existing kitchen, showroom, office, and warehouse areas support a range of operating configurations.
Property Size10,283 SF
Lot Size1.01 Acres
Price / SF$257.71
Days on Market6
Property Features for 860 Sunshine Ln
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Dock-High Doors
Drive-In Doors
Power
Voltage
Three-Phase Power
Additional Details
Asking Price
Utilities to Site
Property Use
Amenities
grease trap
commercial freezers
exhaust hoods
two dock-high doors
one grade-level drive-in door
one van-high door
17-foot clear height
600-amp 3-phase electrical service
2023 roof with 20-year warranty
exterior building lighting
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Lee & Associates - Orlando
Listed By:
Ryan Griffith · License #FL #SL3477466
(908) 208-4774
Source:
Lee-associates
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 4 at 9:26AM
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 Lee & Associates - Orlando
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,283± SF flex property occupies 1.01 acres and combines 2,499± SF of office space, a 3,234 SF kitchen and showroom, and 4,550 SF of warehouse area. Food-service infrastructure includes a grease trap, commercial freezers, and exhaust hoods. Loading is served by two dock-high doors, one grade-level drive-in door, and one van-high door. The building has a 17-foot clear height, 600-amp, 3-phase, 120/208V electrical service, and 40 parking spaces.
Located at 860 Sunshine Ln in Altamonte Springs, the property is zoned IL. A 2023 roof carries a 20-year warranty, and exterior building lighting is installed.
Located at 860 Sunshine Ln in Altamonte Springs, the property is zoned IL. A 2023 roof carries a 20-year warranty, and exterior building lighting is installed.
Key Highlights
- 10,283± SF building on 1.01 acres
- 2,499± SF office, 3,234 SF kitchen/showroom, and 4,550 SF warehouse
- Grease trap, commercial freezers, and exhaust hoods
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,902
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,318,040
$4.3M
Cap Rate 7%
$3,084,314
$3.1M
Cap Rate 9%
$2,398,911
$2.4M
Market Conditions
NOI Build-Up for 10,283 SF
Gross rent
$298.0K $28.98/SF
− Vacancy
−$10.1K −$0.99/SF
EGI
$287.9K $27.99/SF
− OpEx
−$72.0K −$7.00/SF
NOI
$215.9K $21.00/SF
Area
Seminole County, FL
Vacancy
3.40%
Lease Rate
$28.98 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,318,040
Cap Rate 7%
$3,084,314
Cap Rate 9%
$2,398,911
Alternative Uses
Best Use
Specialty Retail
$3.08M
$2.70M – $3.60M
NOI $215,902 @ 7.0% cap · market cap 8.15%
Second Best
Warehouse
$1.01M
$885.3K – $1.18M
NOI $70,825 @ 7.0% cap · market cap 2.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
17 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32714, FL
38,049
Population
16,722
Households
2.3
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
8.5 sq mi
ZIP Area
4,476
Density / Sq Mi
$67,333
Median Household Income
$39,714
Median Earnings
$1,641
Median Rent
$292,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Seminole County, FL
Properties on Market for Flex space in Seminole County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Art of Taste Orlando — 970 Sunshine Ln Suite c, Altamonte Springs, FL 32714
- Rodo Kitchen Ke Bola — 689 veneer dr, altamonte springs, fl 32714
- Montage Catering — 1076 W State Rd 436 #1150, Altamonte Springs, FL 32714
Frequently Asked Questions
What type of property is this?
Flex space - Existing kitchen, showroom, office, and warehouse areas support a range of operating configurations.
Where is this flex space located?
The property is located at 860 Sunshine Ln Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 10,283± SF building on 1.01 acres; 2,499± SF office, 3,234 SF kitchen/showroom, and 4,550 SF warehouse; Grease trap, commercial freezers, and exhaust hoods
