Move-In-Ready Professional Office
For Sale
Contact for pricing
910 BELLE AVE, Winter Springs, FL 32708
Office suite with reception, two private offices, and conference room, plus shared amenities and convenient highway access.
Property Size687 SF
Price / SF$217.61
Days on Market54
Property Features for 910 BELLE AVE
General Information
Standard status
Active
Size
687 SF
Property subtype
Retail, Office
Zoning
commercial business
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Buildings
1
Stories
1
Units
1
Listing Agency:
Sloane Realty
(407) 758-3166
Listed By:
Matthew White · License #Bk3106449
Source:
Crexi
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 8 at 8:01AM
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 Sloane Realty
Investment Insights
Based on property information with market context.
Suite 1140 is a move-in-ready professional office condo within Casselberry Commerce Village. The suite includes a welcoming reception area, two private offices, and a conference room, with abundant natural light. The building provides shared amenities such as a break room with kitchen facilities, common restrooms, and professionally maintained common areas. The space is presented as having high-end finishes and multiple upgrades, supporting immediate occupancy for established professional practices.
The property is located at 910 Belle Ave in Winter Springs, positioned just off SR 434 for straightforward regional connectivity. Access to US 17-92, I-4, and SR 417 supports convenient travel throughout Seminole County and the greater Orlando market. Ample on-site parking is available, and the location offers proximity to surrounding communities including Winter Springs, Casselberry, Longwood, Altamonte Springs, and Lake Mary.
This configuration is well suited for a range of professional service users that benefit from a controlled, client-facing layout and dedicated meeting space. The shared kitchen and break room amenities, along with common restrooms and maintained common areas, help reduce day-to-day operational overhead. Condo association fees are $2,873.82 annually, and water is included with association dues, while power is paid separately based on individual usage.
The property is located at 910 Belle Ave in Winter Springs, positioned just off SR 434 for straightforward regional connectivity. Access to US 17-92, I-4, and SR 417 supports convenient travel throughout Seminole County and the greater Orlando market. Ample on-site parking is available, and the location offers proximity to surrounding communities including Winter Springs, Casselberry, Longwood, Altamonte Springs, and Lake Mary.
This configuration is well suited for a range of professional service users that benefit from a controlled, client-facing layout and dedicated meeting space. The shared kitchen and break room amenities, along with common restrooms and maintained common areas, help reduce day-to-day operational overhead. Condo association fees are $2,873.82 annually, and water is included with association dues, while power is paid separately based on individual usage.
Key Highlights
- Move‑in‑ready office condo suite in Casselberry Commerce Village built in 2007
- Approximately 687 SF with reception area, two private offices, and a conference room
- Shared amenities include a break room, kitchen facilities, and common restrooms with professionally maintained common areas
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
$10,264
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
6.87%
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%
$205,280
$205.3K
Cap Rate 7%
$146,629
$146.6K
Cap Rate 9%
$114,044
$114.0K
Market Conditions
NOI Build-Up for 687 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
$16.5K $24.00/SF
− Vacancy
−$2.8K −$4.08/SF
EGI
$13.7K $19.92/SF
− OpEx
−$3.4K −$4.98/SF
NOI
$10.3K $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%
$205,280
Cap Rate 7%
$146,629
Cap Rate 9%
$114,044
Alternative Uses
Best Use
Office B
$146.6K
$128.3K – $171.1K
NOI $10,264 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$195.5K
$171.1K – $228.1K
NOI $13,685 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
Explore this area
Business Placement
Demographics for 32708, FL
47,045
Population
20,348
Households
2.3
Avg Household Size
41
Median Age
47%
College-Educated
96%
High-School Grad
18.5 sq mi
ZIP Area
2,543
Density / Sq Mi
$87,889
Median Household Income
$50,361
Median Earnings
$1,782
Median Rent
$352,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office suite with reception, two private offices, and conference room, plus shared amenities and convenient highway access.
Where is this office units located?
The property is located at 910 BELLE AVE Winter Springs, FL.
What is the asking price?
The asking price for this property is $149,500.
What are key features of this property?
This property features: Move‑in‑ready office condo suite in Casselberry Commerce Village built in 2007; Approximately 687 SF with reception area, two private offices, and a conference room; Shared amenities include a break room, kitchen facilities, and common restrooms with professionally maintained common areas
