177 Montgomery RdAltamonte Springs, FL 32714

  • Office properties
  • 24,860 SF
For Sale

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
177 Montgomery Rd, Altamonte Springs, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$59,661
-
-
$3,660,811
-
$535,763
$3,125,048
$3,660,811

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