177 Montgomery RdAltamonte Springs, FL 32714

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 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.

• 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

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