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    707 Ballard St Altamonte Springs, FL 32701

    For Sale
    $1,750,000

    Single-tenant, NNN lease, high NOI.

    Property size:
    4,601 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a 4,601 square foot medical office building located at 707 Ballard Street, Altamonte Springs, Florida 32701. The property boasts a prime location at the corner of Maitland Avenue and Ballard Street, offering convenient access to I-4 and major hospitals including AdventHealth Altamonte Springs. Currently 100% occupied by a long-term medical tenant under a single-tenant, absolute NNN lease with 3.5 years remaining, plus a five-year renewal option. The lease commenced June 1, 2018, and expires May 31, 2028. The lease features attractive 3% annual rent increases, ensuring consistent income growth. The building, constructed in 1996, is a free-standing structure, eliminating HOA fees. The tenant is responsible for all operating expenses, including property taxes, insurance, roof maintenance, and HVAC. Rent is paid directly to the landlord's bank account, minimizing administrative overhead. The asking price is $1,750,000, representing a compelling 6.02% cap rate based on a net operating income (NOI) of $105,400. A significant advantage is the six-month security deposit provided by the tenant. This property offers a low-maintenance, high-return investment with a stable tenant and a desirable location. The building is fully built-out and ready for immediate occupancy by the existing tenant.

    Property Features for 707 Ballard St

    General Information

    Property type
    Medical offices
    Square Feet
    4,601 SF

    Building Details

    Stories
    1

    HighLights

    • 4,601 SF medical office building in Altamonte Springs, FL.
    • Absolute NNN lease with 3% annual rent increases.
    • 100% occupied by a long‑term medical tenant.
    • Prime location at Maitland Ave & Ballard St, near I‑4 and AdventHealth Altamonte Springs.
    • $1,750,000 asking price, 6.02% cap rate based on a $105,400 NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Ann A. Ashley ... Gynecologist Dr. Billie J. ... Gynecologist Dumpster rental – Guilsboroughs ... Dumpster Rental Service Altamonte Women's Center Gynecologist Best Weight On You Weight Loss Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Altamonte Springs
    County
    Seminole
    State
    Florida
    Longitude
    -81.3650762
    Latitude
    28.6536622

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    FAQs

    What type of property is this?
    Medical office - Single-tenant, NNN lease, high NOI.
    Where is this medical office located?
    The property is located at 707 Ballard St Altamonte Springs, FL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 4,601 SF medical office building in Altamonte Springs, FL.; Absolute NNN lease with 3% annual rent increases.; 100% occupied by a long-term medical tenant.
    Request Owner's contact information
    707 Ballard St Altamonte Springs, FL 32701
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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
    707 Ballard St Altamonte Springs, FL 32701
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