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    2250 Lucien Way Maitland, FL 32751

    Sponsored
    For Sale
    $5,217,120

    Value-add office building, 42,555 SF

    Property size:
    42,555 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Maitland, FL office building presents a compelling value-add investment opportunity. The 42,555 square foot, Class B property, built in 1984, sits on a 2.78-acre lot and boasts 146 parking spaces. Currently 88% occupied with a multi-tenant occupancy, the building offers a modified lease structure and generates a strong NOI of $429,091, representing an 8.22% cap rate. The asking price is $5,217,120, or $122.60 per square foot. Located at 2250 Lucien Way, the property benefits from its prime location in the affluent Maitland submarket of Orange County, with easy access to I-4 and Maitland Boulevard, experiencing high daily traffic volumes. The WS-RT zoning allows for a high-intensity mix of office and employment uses. The area features strong demographics, with an average household income of $81,008 and average home value of $265,176 within a 5-mile radius, and proximity to numerous national retailers and hotels. The property's current tenants are local and regional businesses. This presents a chance to increase rental rates to market value and maximize returns. The property's central courtyard adds to its appeal. The parcel number is 26-2129-4577-00-30.

    Property Features for 2250 Lucien Way

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    42,555 SF
    Class
    B
    Lot Size
    121,097 SF

    Building Details

    Year Built
    1984
    Buildings
    1

    HighLights

    • Value‑add opportunity: 42,555 SF Class B office building in Maitland, FL.
    • 42,555 SF on a 2.78‑acre lot with 146 parking spaces.
    • 88% occupied multi‑tenant building with strong NOI of $429,091 and 8.22% cap rate.
    • Prime Maitland location with easy access to I‑4 and Maitland Boulevard.
    • WS‑RT zoning allows for high‑intensity office and employment uses.
    • Strong demographics: $81,008 average household income and $265,176 average home value within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Royal Palm Homes Homes NoBorder Embassy Landreth Inc Electrical Engineer SNI Companies Business Development Service Scalar Consulting Group ... Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maitland
    County
    Orange
    State
    Florida
    Longitude
    -81.3892081
    Latitude
    28.6242198

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    FAQs

    What type of property is this?
    Office Property / Space - Value-add office building, 42,555 SF
    Where is this office property / space located?
    The property is located at 2250 Lucien Way Maitland, FL.
    What is the asking price?
    The asking price for this property is $5,217,120.
    What are key features of this property?
    This property features: Value-add opportunity: 42,555 SF Class B office building in Maitland, FL.; 42,555 SF on a 2.78-acre lot with 146 parking spaces.; 88% occupied multi-tenant building with strong NOI of $429,091 and 8.22% cap rate.
    (407) 458-5404
    Request Owner's contact information
    2250 Lucien Way Maitland, FL 32751
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    Maitland, FL 32751
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2250 Lucien Way Maitland, FL 32751
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