Altamonte Springs Commercial Building
890 North State Road 434, Altamonte Springs, FL 32714
Upgraded commercial building with redevelopment potential in a prime location.
Type:Retail
Property size:
14,924 SFLot size:
1.20 AcresPrice / SF:
$227/SF- Added:
- May 19, 2026
- Days on Market:
- 8
- Last Refresh:
- May 20 at 4:57 am
Property Features for 890 North State Road 434
General Information
- Standard status
- Active
- Size
- 14,924 SF
- Lot size
- 1.20 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1983
Listing agent Ryan Rogers License #BK3143732
Listing office Mr. Rogers Group
Listing date May 19, 2026
Source Crexi
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 Mr. Rogers Group
HighLights
- High‑visibility location on State Road 434 with high daily traffic counts and strong signage exposure.
- Recently upgraded ±14,924 SF two‑story building with remodeled interiors, new roof membrane with warranty, and new rooftop HVAC units.
- Flexible floor plan suitable for owner‑user or multi‑tenant occupancy, with existing tenant providing in‑place rental income.
- Potential for retail redevelopment or mixed commercial use, subject to zoning and municipal approval.
- Professionally maintained with elevator service, secure card‑gated entry, conference rooms, and executive corner offices with private bathrooms.
- Strategic location in rapidly growing Altamonte Springs, near planned Altamonte Town Center redevelopment, with strong demographics and accessibility to major roadways.
Overview
Located in Altamonte Springs, this upgraded two-story commercial building offers an opportunity for owner-users, investors, and potential retail redevelopment. The building has a size of 14,924 square feet and sits on 1.2 acres. It features frontage and visibility along State Road 434, with high daily traffic counts and strong signage exposure. The property provides access to SR 436, Interstate 4, Maitland, Longwood, Winter Park, Downtown Orlando, and surrounding Seminole County business hubs. The property is suited for a professional office headquarters, medical office conversion, corporate office, law firm, financial services company, engineering firm, real estate headquarters, insurance agency, technology company, educational use, or multi-tenant office investment, while also offering future potential for retail, showroom, service retail, or mixed commercial use opportunities subject to zoning and municipal approval. The flexible floor plan allows an owner-user to occupy the entire building or a portion while benefiting from in-place rental income, with an existing tenant currently occupying approximately 50%–65% of the building. The property features executive corner offices with private bathrooms, elevator service, secure card-gated entry, conference rooms, collaborative workspaces, break rooms, common areas, and flexible office configurations. Recent capital improvements include remodeled interiors, new rooftop HVAC units, and a new roof membrane with warranty. The property is located near the planned Altamonte Town Center redevelopment and benefits from strong demographics, expanding redevelopment activity, and continued economic growth throughout the Orlando metro area. It is surrounded by retail, restaurants, medical facilities, hotels, and executive housing communities.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$3.26M
NOI $293,060 @ 9.00% cap · cautious / downside scenario
Moderate
$4.19M
NOI $293,060 @ 7.00% cap · market / base-case scenario
Aggressive
$5.86M
NOI $293,060 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $433.4k | $29.04 |
| − Vacancy | −$14.7k | −$0.99 |
| EGI | $418.7k | $28.05 |
| − OpEx | −$125.6k | −$8.42 |
| NOI | $293.1k | $19.64 |
14,924 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$4.19M
$3.66M – $4.88M
NOI $293,060 @ 7.0% cap · market cap 8.62%
Second Best
Office B
$3.19M
$2.79M – $3.72M
NOI $222,965 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$4.25M
$3.72M – $4.95M
NOI $297,286 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
National Environmental Training ...
Training Center
David Graham Insurance ...
Law Firm
Restoration Association of Florida
Charitable Organization
EDC Services Group
Construction Company
Disaster Management Recovery ...
Hardware & Home Improvement
Location Insight
- Map
- Local Demand
- City
- Altamonte Springs
- County
- Seminole
- State
- Florida
- Longitude
- -81.419066
- Latitude
- 28.678955
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Upgraded commercial building with redevelopment potential in a prime location.
Where is this office building located?
The property is located at 890 North State Road 434 Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: High‑visibility location on State Road 434 with high daily traffic counts and strong signage exposure.; Recently upgraded ±14,924 SF two‑story building with remodeled interiors, new roof membrane with warranty, and new rooftop HVAC units.; Flexible floor plan suitable for owner‑user or multi‑tenant occupancy, with existing tenant providing in‑place rental income.
