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    707 Mendham Blvd Orlando, FL 32825

    Sponsored
    For Lease
    $26 SF/Yr

    10,000 SF Call Center Ready

    Lot size:
    112,357 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    409
    This exceptional 10,000 square foot office space, located at 707 Mendham Blvd, Orlando, FL 32825, is ideally situated near Mendham Blvd & Valencia College. Part of a larger 112,357 square foot, Class B building constructed in 1986 and extensively renovated in 2022, this single-tenant space boasts a functional and modern design. The property features a mostly open floor plan layout, perfect for a call center operation, already equipped with 64 workstations and 7 private offices, accommodating 80-100 employees. Amenities include a large conference room, 9-10 foot ceilings, and after-hours HVAC availability. The space is in excellent condition and is move-in ready, with optional desks and chairs available. The building offers ample parking with 512 spaces and features elevators. The property sits on 17 acres of land and is zoned Industrial I-4. The building's power capacity is 1.40. Property taxes are $1.50 per square foot. Note that the listed rate may exclude certain utilities, building services, and property expenses. This is a rare opportunity to acquire a fully built-out, high-capacity office space in a desirable Orlando location. The two-story building provides a functional and efficient workspace.

    Property Features for 707 Mendham Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    112,357 SF
    Class
    B
    Total Rate
    252335.1

    Building Details

    Year Built/Renovated
    1986/2022
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    10,000 SF
    Rate per SF
    $26

    We can help!

    Listing Contact
    Moshe Sheffi
    Moshe Sheffi

    Learn more

    Property Insight Report

    HighLights

    • 10,000 SF of office space available for lease at 707 Mendham Blvd, Orlando, FL 32825. Asking rent: $26.95/SF.
    • Excellent location near toll roads 417 & 408, Downtown Orlando, and Florida Hospital.
    • Building features a backup generator and UPS system.
    • Walking distance to Valencia College.
    • Building renovated in 2022.
    • On‑site building engineer.
    Property Profile Location Intelligence

    Current Use by Public Records

    TBro Realty LlC Real Estate Agency GardaWorld Security Guard Service Bravo Logistics LLC Transportation Service Pix City Studio Photography Studio Jorge L Perez, ... Real Estate Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.2719326
    Latitude
    28.552902

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    FAQs

    What type of property is this?
    Office Property / Space - 10,000 SF Call Center Ready
    Where is this office property / space located?
    The property is located at 707 Mendham Blvd Orlando, FL.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 10,000 SF of office space available for lease at 707 Mendham Blvd, Orlando, FL 32825. Asking rent: $26.95/SF.; Excellent location near toll roads 417 & 408, Downtown Orlando, and Florida Hospital.; Building features a backup generator and UPS system.
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    Orlando, FL 32825
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    707 Mendham Blvd Orlando, FL 32825
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    We can help!
    Listing Contact
    Moshe Sheffi
    Moshe Sheffi
    Real Estate License ID: BK3172380
    Learn more
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