Office Condo Unit
New
For Sale
$400,000
982 Douglas Ave, Altamonte Springs, FL 32714
Office condominium space at a professionally addressed commercial property in Altamonte Springs.
Property Size1,404 SF
Price / SF$284.90
Days on Market3
Property Features for 982 Douglas Ave
General Information
Standard status
Active
Size
1,404 SF
Property subtype
office
Listing Agency:
Orlando
Listed By:
Nathan Eissler
Source:
Property.jll
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 1 at 2:14AM
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 Orlando
Investment Insights
Based on property information with market context.
Office Condo #104 is offered for sale at 982 Douglas Ave in Altamonte Springs, Florida. The property is identified as office condominium space with a stated size of 1,404 square feet.
The unit is located at 982 Douglas Ave, Altamonte Springs, FL 32714. Its office classification and condominium format provide a defined commercial space within the property.
The unit is located at 982 Douglas Ave, Altamonte Springs, FL 32714. Its office classification and condominium format provide a defined commercial space within the property.
Key Highlights
- Office Condo #104
- 1,404 square feet of office space
- Offered for sale
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 | $33.7k | $24.00 |
| − Vacancy | −$5.7k | −$4.08 |
| EGI | $28.0k | $19.92 |
| − OpEx | −$7.0k | −$4.98 |
| NOI | $21.0k | $14.94 |
1,404 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$299.7K
$262.2K – $349.6K
NOI $20,976 @ 7.0% cap · market cap 5.24%
Second Best
Healthcare Medical
$285.9K
$250.2K – $333.6K
NOI $20,015 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$399.5K
$349.6K – $466.1K
NOI $27,968 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,989
Businesses Nearby
Explore this area
Business Placement
Demographics for 32714, FL
38,049
Population
16,722
Households
2.3
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
8.5 sq mi
ZIP Area
4,476
Density / Sq Mi
$67,333
Median Household Income
$39,714
Median Earnings
$1,641
Median Rent
$292,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office condominium space at a professionally addressed commercial property in Altamonte Springs.
Where is this office units located?
The property is located at 982 Douglas Ave Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Office Condo #104; 1,404 square feet of office space; Offered for sale
