555 Douglas Ave Altamonte Springs, FL 32714
- Retail space
- 131,170 SF
- 7.48 lot acres
Current Use by Public Records
- CITY Furniture / Furniture Store / Interior Designer
Property Details for 555 Douglas Ave
- Year built
- 2021
- Construction
- TILT-UP CONCRETE
- Lot size
- 7.48 lot acres
- Property size
- 131,170 SF
- Property type
- Retail space
- APN
- 11-21-29-539-0000-0010
- APU
- 11212953900000010
Description
This exceptional Class A office space, totaling 27,054 square feet, is situated in Altamonte Springs, boasting unparalleled visibility at the intersection of Douglas Avenue and I-4. The building, constructed in 2021, features a modern design and comprises two stories with a total of 123 parking spaces. Currently, 6,147 square feet of vacant space is available for lease, offering a minimum divisible unit of 6,147 square feet and a maximum contiguous space of the same size. The building is zoned for office use and features a 12-foot ceiling height. The available space is a first-floor, unfinished gray shell, providing a blank canvas for a tenant's custom build-out. Each floor benefits from a private entrance and dedicated elevators, ensuring privacy and convenience. This prime location offers exceptional exposure to high traffic volume, exceeding 137,000 cars daily, making it an ideal location for businesses seeking high visibility and accessibility. The landlord is willing to collaborate on a build-out for qualified tenants, allowing for immediate design and construction commencement. The property is suitable for various office uses, including medical, creative, and traditional office settings. This is a rare opportunity to secure a highly visible, modern, and adaptable office space in a thriving location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,815,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,295,000
- 6.5%
- $5,025,000
- 7%
- $5,105,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,290,000
- Geo Method
- $5,685,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,175,000
- Retail
- $5,170,000
- Mixed-Use
- $4,680,000
- Hospitality
- $5,610,000
- Educational
- $4,365,000
- Residential Income
- $5,865,000
- Energy
- $4,805,000
- Income-Based Land
- $5,200,000
- Food Service
- $4,450,000
Location Insight
- Map
- Local Demand
- City
- Altamonte Springs
- County
- Seminole
- State
- Florida
- Longitude
- -81.3897
- Latitude
- 28.6713
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
