791 Piedmont Wekiwa RdApopka, FL 32703

Property Details for 791 Piedmont Wekiwa Rd

Year built

2002

Lot size

0.76 AC

Property size (Sq ft)

10,550 SF

Zone code

O

Property type

Office properties

Property subtype

Office buildings

APN

13-21-28-0000-00-034

APU

132128000000034

Description

This exceptional 10,550-square-foot creative office building in Apopka, Florida, presents a compelling owner-user or investment opportunity. Located at 791 Piedmont Wekiwa Rd, 32703, this two-story building, constructed in 2002, sits on a 0.76-acre lot and boasts 9,634 square feet of net rentable space. The property features 41 parking spaces, a single elevator, and ten roof-mounted HVAC units. A significant advantage is the inclusion of a large Kohler 180 KW, 120-208 Volt, 3-phase diesel generator, ensuring 24/7 operation. Further enhancing its appeal are full building lightning/surge protection and a dedicated data center room with separate air conditioning. The building's design incorporates skylights and numerous windows, creating a bright and open workspace ideal for a technology company. Currently leased for $230,000 annually with one year remaining on a net-net-plus lease, this property offers a strong net operating income (NOI) and a compelling return on investment. The 15-year NDL roof warranty, effective April 15, 2023, provides additional peace of mind. The asking price is $3,750,000, translating to $355.45 per square foot. This property is a rare find, combining modern amenities with reliable infrastructure in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,795,827

  6.5%

  $1,657,687

  7%

  $1,539,281

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,177,696

  Geo Method

  $1,177,696

• Alternative Use

  Use

  Valuation

  Residential

  $2,055,532

  Hospitality

  $1,882,856

  Educational

  $1,566,514

  Medical

  $1,620,389

  Retail

  $2,436,800

Location Insight

City

Apopka

County

Orange

State

Florida

Latitude

28.6683

Longitude

-81.4674

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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