177 Montgomery RdAltamonte Springs, FL 32714
- Office properties
- 24,860 SF
Property Details for 177 Montgomery Rd
- Year built
- 1982
- Construction
- CONCRETE BLOCKS
- Lot size
- 2.08 AC
- Property size (Sq ft)
- 24,860 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 15-21-29-537-0000-0010
- APU
- 15212953700000010
Description
This exceptional Class A medical office building, totaling 24,000 square feet, presents a unique investment opportunity in Altamonte Springs, Florida. Constructed in 2009 and renovated in 2010, the property boasts a newly refreshed exterior (2024) and roof, ensuring long-term value. The three-story building, situated on a 67,139 square foot lot, offers ample parking with 116 spaces. Its versatile design, featuring individual floor adaptability, makes it ideal for various uses, including medical practices, schools, or general office space. Each floor includes private offices, labs, larger meeting rooms (suitable for classrooms), ADA-compliant restrooms, and break areas. The building incorporates modern amenities such as sensor-activated LED lighting. Conveniently located off SR 434 and SR 436, with easy access to I-4 and public transportation (bus line), this property enjoys a highly desirable central location. The existing furniture, fixtures, and equipment (FF&E) are negotiable. An adjacent 6,000 square foot building is also available for purchase. The property is zoned PO (Permitted Office) and is offered fee simple. This is a turnkey opportunity for an owner/user seeking a state-of-the-art facility. The property's features include a 4.83 parking ratio per 1,000 square feet.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,231,684
- 6.5%
- $3,906,170
- 7%
- $3,627,158
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,775,122
- Geo Method
- $2,775,122
-
Alternative Use
- Use
- Valuation
- Residential
- $4,843,650
- Hospitality
- $4,436,758
- Educational
- $3,691,330
- Medical
- $3,818,281
- Retail
- $5,742,070
Location Insight
- City
- Altamonte Springs
- County
- Seminole
- State
- Florida
- Latitude
- 28.6637
- Longitude
- -81.4021
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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