952 International Pkwy Lake Mary, FL 32746-5219
- Office buildings
- 4,172 SF
- 0.10 lot acres
Current Use by Public Records
- The Chidolue Law Firm, PLLC / Law Firm
- SlipStream Auto Video Marketing / Advertising Agency / Marketing & Advertising
- zGPT AI / Engineer
- Foundational Wealth Planners / Financial Advisor
- VergasonSojourner&McWaters / Advertising Agency / Marketing & Advertising
Property Details for 952 International Pkwy
- Year built
- 2017
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.10 lot acres
- Property size
- 4,172 SF
- Property type
- Office buildings
- APN
- 06-20-30-300-007V-0000
- APU
- 062030300007V0000
Description
This exceptional Class A, 4,172 square foot freestanding office building in Lake Mary, Florida, presents a unique owner-user opportunity with significant income potential. Built in 2017, the property boasts a prime location at 952 International Pkwy, offering easy access to I-4 and Highway 408. Currently 50% occupied, generating nearly $134,000 in annual gross rent from short-term executive suite leases, this single-story building provides flexibility for a buyer. Options include extending existing leases and occupying the vacant space, expanding the executive suite operation, or allowing leases to expire for full owner-occupancy. The property includes 21 parking spaces and excellent signage opportunities. Situated within Lake Mary's affluent demographic, this building offers a compelling investment with a strong net operating income (NOI) of $98,999 and an asking price of $1,995,000 ($478.19/sq ft). The property is a gross lease, and the building is one of one. This is a rare opportunity to acquire a high-quality, cash-flowing asset in a desirable location.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,174,000
- AI Estimate
- $1,174,000
Market price range: $683k - $1.21MMarket price range: $683k - $1.21M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $895,000 Current use
- AUTO REPAIR, GARAGE
- $1,925,000 Change: +115% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,105,000 Change: +23% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $925,000 Change: +3% Conversion: Difficult
- RETAIL STORES
- $795,000 Change: -12% Conversion: Moderate
- WAREHOUSE, STORAGE
- $760,000 Change: -15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Lake Mary
- County
- Seminole
- State
- Florida
- Longitude
- -81.3597
- Latitude
- 28.7795
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA