Property summary
This exceptional 92,127-square-foot office building, situated on 23.3 acres in the prestigious Lake Mary, Florida, offers a compelling value-add investment opportunity. Built in 1996 and renovated between 2014 and 2017, the three-story building features a central core design with existing interior corridors, allowing for flexible space configurations to accommodate a variety of tenant sizes. Currently, the multi-tenant property boasts 35% occupancy with a net operating income (NOI) of $299,388. The property's M-1A zoning permits redevelopment, presenting a significant opportunity for repositioning or new construction. The ample 6.5 parking spaces per 1,000 square feet is a key competitive advantage. Additional features include a building generator ensuring 100% redundancy, and a loading dock with two overhead doors and a convenient truck well design, serviced by a freight elevator. Located in the affluent Lake Mary submarket within the Orlando MSA, the property benefits from a strong demographic profile, with a 3-mile radius boasting an average household income of $147,309 and a population of 54,481. The area's upscale residential neighborhoods, top-rated schools, and abundant corporate amenities, including Topgolf and numerous restaurants and shopping options, create a highly desirable location for businesses and employees. This property presents a unique chance to capitalize on a prime location and strong market fundamentals.
Property profile
VerifiedCap rate & NOI
Current use
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Insurance Agency
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Insurance Agency
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Translation Service
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Corporate Office
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Corporate Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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