Stand-Alone Office Building For
960 INTERNATIONAL Pkwy, Lake Mary, FL 32746
For Sale
$1,995,000
Pending
5,000 SF office building in Lake Mary/Heathrow's Central Parc.
Property Size5,108 SF
Lot Size0.07 Acres
Days on Market248
Property Features for 960 INTERNATIONAL Pkwy
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
PREMIER SOTHEBYS INT'L REALTY
Listed By:
Mel Bernstein · License FL BK638692
(407) 810-4726
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:46AM
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 PREMIER SOTHEBYS INT'L REALTY
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Investment Insights
Based on property information with market context.
This stand-alone, 5,000-square-foot office building is located in Central Parc on International Parkway in Lake Mary/Heathrow. The property is anchored by Starbucks and in view of corporations such as Verizon and Deloitte. Currently divided into two suites, the property is income-producing. The largest suite is 4,000 square feet and is configured with a reception room, multiple offices and showrooms, private space, and a storage room with direct exterior access. The other suite is an open 1,100-square-foot suite with private exterior access and a restroom. Both suites feature floor-to-ceiling windows and tall ceilings. A private electric car charging station is located onsite. The building occupies a corner location with excellent visibility.
Key Highlights
- Stand‑alone 5,000 sq ft office building in desirable Central Parc on International Parkway.
- Income‑producing property divided into two suites (4,000 sq ft and 1,100 sq ft).
- Anchored by Starbucks and near Verizon and Deloitte.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,170
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,643,400
$1.6M
Cap Rate 7%
$1,173,857
$1.2M
Cap Rate 9%
$913,000
$913.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$132.0K $26.40/SF
− Vacancy
−$22.4K −$4.49/SF
EGI
$109.6K $21.91/SF
− OpEx
−$27.4K −$5.48/SF
NOI
$82.2K $16.43/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,643,400
Cap Rate 7%
$1,173,857
Cap Rate 9%
$913,000
Alternative Uses
Best Use
Office B
$1.17M
$1.03M – $1.37M
NOI $82,170 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $104,980 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,485
Businesses Nearby
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Business Placement
Demographics for 32746, FL
45,828
Population
20,204
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
97%
High-School Grad
21.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$111,534
Median Household Income
$55,860
Median Earnings
$1,912
Median Rent
$420,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Seminole County, FL
Properties on Market for Office buildings in Seminole County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - 5,000 SF office building in Lake Mary/Heathrow's Central Parc.
Where is this office building located?
The property is located at 960 INTERNATIONAL Pkwy Lake Mary, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Stand‑alone 5,000 sq ft office building in desirable Central Parc on International Parkway.; Income‑producing property divided into two suites (4,000 sq ft and 1,100 sq ft).; Anchored by Starbucks and near Verizon and Deloitte.
