Altamonte Springs Industrial/Office
For Sale
$9,500,000
927 Fern Street, Altamonte Springs, FL 32701
106,178 SF industrial/office facility in a prime location.
Property Size106,178 SF
Price / SF$89.47
Days on Market151
Property Features for 927 Fern Street
General Information
Standard status
Active
Size
106,178 SF
Class
B
Property subtype
Office/Industrial
Building Details
Building Size
106,178 SF
Year Built
1979
Listing Agency:
Lee & Associates | Orlando
Listed By:
Brock Holston · License #FL #SL3512193
(321) 281-8505
Source:
Lee-associates
Added: May 16
Changed: Oct 11
Last Checked: Oct 12 at 6:20PM
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
Investment Insights
Based on property information with market context.
This 106,178 SF industrial/office facility is located at 927 Fern St., Altamonte Springs, FL 32701, in the heart of one of Seminole County’s most established commercial corridors. The property has excellent access to major thoroughfares, including S.R. 436, I-4, and S.R. 434, providing regional connectivity for logistics, office operations, and service-based users. It is offered as an owner user or heavy value-add / opportunistic investment. The asset represents a chance to acquire a sizable, functional building in the Altamonte Springs submarket. With current occupancy at approximately 46%, the project delivers immediate upside potential through thoughtful lease-up, repositioning, or redevelopment strategies tailored to the submarket’s strong tenant demand. This offering presents users and investors with the opportunity to secure a considerable, versatile asset at an attractive price point in one of Central Florida’s most resilient and high performing suburban markets.
Key Highlights
- ±106,178 SF industrial/office facility in Altamonte Springs, FL
- Excellent access to S.R. 436, I‑4, and S.R. 434
- Offered as an owner user or value‑add investment opportunity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$593,137
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,862,740
$11.9M
Cap Rate 7%
$8,473,386
$8.5M
Cap Rate 9%
$6,590,411
$6.6M
Market Conditions
NOI Build-Up for 106,178 SF
Gross rent
$930.1K $8.76/SF
− Vacancy
−$82.8K −$0.78/SF
EGI
$847.3K $7.98/SF
− OpEx
−$254.2K −$2.39/SF
NOI
$593.1K $5.59/SF
Area
Seminole County, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,862,740
Cap Rate 7%
$8,473,386
Cap Rate 9%
$6,590,411
Alternative Uses
Best Use
Industrial
$8.47M
$7.41M – $9.89M
NOI $593,137 @ 7.0% cap · market cap 6.24%
Second Best
Flex RnD
$7.87M
$6.88M – $9.18M
NOI $550,770 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$30.22M
$26.44M – $35.25M
NOI $2,115,066 @ 7.0% cap · market cap 22.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32701, FL
23,265
Population
12,085
Households
1.9
Avg Household Size
40
Median Age
35%
College-Educated
93%
High-School Grad
5.6 sq mi
ZIP Area
4,154
Density / Sq Mi
$62,008
Median Household Income
$37,359
Median Earnings
$1,609
Median Rent
$258,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Firehouse Subs Altamonte Springs — 600 E Altamonte Dr Ste 105, Altamonte Springs, FL 32701
- CHARMAIN MARTIN MEALS — 706 Brentwood Ave, Altamonte Springs, FL 32701
- Mr. And Mrs. Pickle — 410 North St #106, Longwood, FL 32750
Frequently Asked Questions
What type of property is this?
Flex space - 106,178 SF industrial/office facility in a prime location.
Where is this flex space located?
The property is located at 927 Fern Street Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: ±106,178 SF industrial/office facility in Altamonte Springs, FL; Excellent access to S.R. 436, I‑4, and S.R. 434; Offered as an owner user or value‑add investment opportunity
