Stand-Alone Office Building For
For Sale
Contact for pricing
Pending
960 International Pkwy, Lake Mary, FL 32746
5,000 SF office building in Lake Mary/Heathrow's International Parkway.
Property Size5,396 SF
Days on Market912
Property Features for 960 International Pkwy
General Information
Standard status
Pending
Size
5,396 SF
Class
B
Property subtype
Office
Zoning
PUD
Lease Type
Gross
Building Details
Year Built
2017
Year Renovated
2017
Buildings
1
Stories
1
Units
2
Tenancy
Single
Listing Agency:
Premier Sotheby's International Realty
Listed By:
Mel Bernstein · License #BK638692
(407) 810-4726
Source:
Crexi
Added: Apr 24, 2024
Changed: Aug 9
Last Checked: Oct 7 at 3:47PM
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
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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. 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,616
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,612,320
$1.6M
Cap Rate 7%
$1,151,657
$1.2M
Cap Rate 9%
$895,733
$895.7K
Market Conditions
NOI Build-Up for 5,396 SF
Gross rent
$129.5K $24.00/SF
− Vacancy
−$22.0K −$4.08/SF
EGI
$107.5K $19.92/SF
− OpEx
−$26.9K −$4.98/SF
NOI
$80.6K $14.94/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,612,320
Cap Rate 7%
$1,151,657
Cap Rate 9%
$895,733
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 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
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
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 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.
