Stand-Alone Office Building For
960 International Pkwy Lake Mary, FL 32746
960 International Pkwy, Lake Mary, FL, 32746
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For Sale
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5,000 SF office building in Lake Mary/Heathrow's International Parkway.
Property Size5,396 SF
Price / SF$369.72
Days on Market819
Property Features for 960 International Pkwy
General Information
- Standard status
- Active
- Size
- 5,396 SF
- Property subtype
- Office
Building Details
- Year Built
- 2017
Listing agency
Premier Sotheby's International Realty
(407) 810-4726
Listed by
Mel Bernstein · License #BK638692
Source
Crexi
Added: Apr 24, 2024 Updated: Jul 10 at 11:25AM Checked: Jul 21 at 11:13AM
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 Sotheby's International Realty
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. Anchored by Starbucks and in view of corporations such as Verizon and Deloitte, the property is currently divided into two suites and 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 property is situated on 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, offering high visibility.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.5k | $24.00 |
| − Vacancy | −$22.0k | −$4.08 |
| EGI | $107.5k | $19.92 |
| − OpEx | −$26.9k | −$4.98 |
| NOI | $80.6k | $14.94 |
5,396 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,616 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,488 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pools By Bradley
General Contractor
VSM Advertising
Marketing & Advertising
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FAQs
What type of property is this?
Office building - 5,000 SF office building in Lake Mary/Heathrow's International Parkway.
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, offering high visibility.
