1211 Florida 436 Casselberry, FL 32707
- Office Properties & Spaces
- 83,520 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1211 Florida 436
- Year built
- 1986
- Property size
- 83,520 SF
- Property type
- Office Properties & Spaces
Description
This exceptional Class A office building in Casselberry, Florida, presents a compelling investment opportunity. Located at 1211 FLORIDA 436, this single, three-story building encompasses 83,520 square feet, situated on a substantial 361,112 square foot lot. The property, built in 1986 and renovated in 2022, features upgraded lighting and flooring throughout its 19 units. Currently boasting 86.3% occupancy, the building generates a net operating income (NOI) of $949,711, yielding a 6.50% capitalization rate at the asking price of $12,950,000. A pro-forma NOI of $1,234,448 projects a 9.53% capitalization rate upon full occupancy. The property offers ample parking with a ratio of 4 spaces per 1,000 square feet. With 80,035 square feet of leasable space, the building allows for owner-occupancy of up to 44,181 square feet. The property is zoned PMX-L and enjoys a strategic location near Winter Park in the Orlando area. This is a rare opportunity to acquire a well-maintained, high-performing asset in a desirable market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Casselberry
- County
- Seminole
- State
- Florida
- Longitude
- -81.323
- Latitude
- 28.6372
