499 Central Pkwy Altamonte Springs, FL 32701
This exceptional two-story, 30,000-square-foot Class B medical office building, constructed in 1981 and renovated in 2016, presents a unique investment opportunity in the thriving Altamonte Springs submarket. Situated on 1.84 acres at 499 E Central Pkwy, 32701, this property boasts 140 parking spaces and offers multiple suite options ranging from 600 to 2,000 contiguous square feet, with a total of 4,585 square feet currently vacant. Three suites are available, each offering distinct features and layouts. Suite 120 (2,000 sq ft) features wood plank tile flooring, updated finishes, a large ADA-compliant restroom, five exam rooms with sinks, one exam room without a sink, a storage room, a patient restroom, a nurse's station, and a large lab area. Suite 215 (1,985 sq ft, divisible to 600 and 1,385 sq ft) is adaptable to various medical uses and offers a full-service lease option. Suite 100, a newly remodeled first-floor space, previously used as a prestigious spa, includes a large waiting room, six exam rooms, two private restrooms, a break room, a large procedure room, storage, and a nurse's station. All suites benefit from daily janitorial service, water, and garbage included in the rent. The building's prime location offers easy access to major roadways (SR 436, I-4, Maitland Blvd., and 17/92), proximity to AdventHealth Hospital Altamonte (0.6 miles), and visibility across from the Altamonte Mall. Abundant parking is available in three lots, and signage opportunities are available on the monument sign, directory, and office doors. The property is zoned PO.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.