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    159 Lookout Pl Maitland, FL 32751

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    159 Lookout Pl Maitland, FL 32751

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    • Office buildings
    • 4,915 SF
    • 0.14 lot acres
    For Sale
    $1,200,000
    View Listing →
    Maitland Freestanding Professional Office Building For Sale
    $1,200,000
    4,851 SF

    Maitland Freestanding Professional Office Building

    Two-story office building in Maitland's premier business district.

    159 LOOKOUT PLACE, Maitland, FL 32751
    View Listing
    Property ID
    US18-5306668
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lim Law, P.A. / Law Firm
    • Millennium Settlements / Insurance Agency

    Property Details for 159 Lookout Pl

    Year built
    1991
    Lot size
    0.14 lot acres
    Property size
    4,915 SF
    Zone code
    PD
    Property type
    Office buildings
    APN
    25-21-29-4091-00-020
    APU
    252129409100020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,305,000
      6.5%
      $1,205,000
      7%
      $1,120,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,096,000
      Market price range: $238k - $1.29M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,340,000
      Current use
      COMMERCIAL (GENERAL)
      $1,690,000
      Change: +26% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,650,000
      Change: +23% Conversion: Difficult
      RETAIL STORES
      $1,310,000
      Change: -2% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Maitland
    County
    Orange
    State
    Florida
    Longitude
    -81.3636
    Latitude
    28.6382
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,674
    $285,061
    $807,073
    $1,092,134
    -
    $285,061
    $807,073
    $1,092,134

    Comparable in this City

    • Value Estimation
      $6,560,000
      46,827 SF

      850 Concourse S Pkwy

      OFFICE BUILDING (MULTI-STORY) • 46,827 SF
      850 Concourse S Pkwy, Maitland, FL 32751-6154
      View Details
    • Value Estimation
      $2,150,000
      7,395 SF

      100 Faith Ter

      OFFICE BUILDING • 7,395 SF
      100 Faith Ter, Maitland, FL 32751-3302
      View Details
    • Value Estimation
      $4,065,000
      29,137 SF

      500 Maitland Ave

      OFFICE BUILDING (MULTI-STORY) • 29,137 SF
      500 Maitland Ave, Maitland, FL 32751-4482
      View Details
    • Value Estimation
      $6,800,000
      30,964 SF

      711 Orlando Ave

      OFFICE BUILDING (MULTI-STORY) • 30,964 SF
      711 Orlando Ave, Maitland, FL 32751-4406
      View Details
    • Value Estimation
      $1,420,000
      10,594 SF

      130 Candace Dr

      OFFICE BUILDING • 10,594 SF
      130 Candace Dr, Maitland, FL 32751-3331
      View Details
    • Value Estimation
      $870,000
      4,436 SF

      590 Ruby Ct

      PROFESSIONAL BUILDING • 4,436 SF
      590 Ruby Ct, Maitland, FL 32751-5226
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      42,555 SF

      Maitland Office Building For Sale

      42,555 SF office building in Maitland, Florida.
      2250 Lucien Way, Maitland, FL 32751
      View Details
    • $650,000
      1,957 SF

      Maitland Office Building For Sale

      1,885 SF office building in Maitland, Florida.
      1681 N Maitland Ave, Maitland, FL 32751
      View Details
    • $1,200,000

      Maitland Office Building For Sale

      Prestigious Maitland office building in a thriving business corridor.
      166 Lookout Pl, Maitland, FL 32751
      View Details
    • $1,295,000

      Professional Office Suites Investment

      Well-maintained commercial building with 24 suites and strong tenancy.
      407 Lake Howell Rd, Maitland, FL 32751
      View Details
    • $1,200,000
      4,851 SF

      Maitland Office Building For Sale

      Two-story office building in Maitland's premier business district.
      159 Lookout Pl, Maitland, FL 32751
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Space Available

      Four-story office building in Maitland Center Office Park.
      2290 Lucien Way, Maitland, FL 32751
      View Details
    • Contact for pricing

      Maitland Center Office Space Available

      Office building in park-like setting, heart of Maitland Center.
      2700 Westhall Ln, Maitland, FL 32751
      View Details
    • Contact for pricing
      160,217 SF

      Maitland Office Space For Lease

      Efficient office space with on-site cafe near I-4.
      101 Southhall Ln, Maitland, FL 32751
      View Details
    • Contact for pricing
      22,102 SF

      Class A Office Building

      Four-story office building in Maitland Center with efficient floor plates.
      258 Southhall Ln, Maitland, FL 32751
      View Details
    • $24 SF/Yr
      26,570 SF

      Class A Office Space Available

      Class A office space for rent in Maitland Center.
      2301 Maitland Center Pkwy, Maitland, FL 32751
      View Details
    • Contact for pricing
      32,949 SF

      Maitland Office Space Available

      Over 460,000 SF of rentable office space.
      495 North Keller Rd, Maitland, FL 32751
      View Details
    View Listing
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    159 Lookout Pl
    Maitland, FL 32751
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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