101 8Th StLake Mary, FL 32746

Property Details for 101 8Th St

Year built

1989

Construction

CONCRETE BLOCKS

Lot size

0.72 AC

Property size (Sq ft)

5,211 SF

Property type

Office properties

Property subtype

Office buildings

APN

08-20-30-503-4800-00M0

APU

082030503480000M0

Description

This 5,211 square foot Class B medical office building in Lake Mary, Florida, is available for $1,795,000. Located at 101 N 8th St, 32746, this vacant property boasts high visibility with 250 feet of frontage and signage on Lake Mary Blvd and 8th Street. The first floor offers approximately 4,635 square feet, divisible into smaller offices, each with independent front and rear access, or usable as one large space. A separate back-office section, with its own HVAC, utilities, and telecom, is ideal for subleasing. The second floor comprises approximately 576 square feet, accessible via a separate exterior staircase and internally from the first floor, providing additional subleasing potential. The property benefits from its location near major medical facilities including Orlando Health Hospital, AdventHealth, and Nemours Children's Health, as well as numerous retail amenities such as Home Depot, Target, and Publix. This Net lease property presents a unique opportunity for a large medical practice, mixed-use development incorporating a pharmacy, or other suitable businesses. Detailed floor plans are available. The property's APN is 02-20-30-503-4800-0OMO. The price per square foot is $344.46.

• CAP approach

  CAP return

  Valuation

  6%

  $887,020

  6.5%

  $818,787

  7%

  $760,302

• Comparable approach

  Method

  Valuation

  Relative Method

  $581,704

  Geo Method

  $581,704

• Alternative Use

  Use

  Valuation

  Residential

  $1,015,296

  Hospitality

  $930,006

  Educational

  $773,754

  Medical

  $800,365

  Retail

  $1,203,617

Location Insight

City

Lake Mary

County

Seminole

State

Florida

Latitude

28.7566

Longitude

-81.3319

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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