400 Colonial Center PkwyLake Mary, FL 32746

Property Details for 400 Colonial Center Pkwy

Year built

2008

Construction

CONCRETE

Lot size

8.30 AC

Property size (Sq ft)

172,642 SF

Property type

Office properties

Property subtype

Office buildings

APN

31-19-30-513-0000-0020

APU

31193051300000020

Description

400 TownPark in Lake Mary, Florida, offers a prime opportunity for businesses seeking Class A office space. This single, five-story building, constructed in 2008, boasts a total of 175,674 square feet and features a variety of suite sizes to accommodate diverse needs. Spaces range from a minimum of 3,935 square feet to a maximum contiguous space of 104,000 square feet, making it suitable for both smaller businesses and large corporations. The building is conveniently located at 400 Colonial Center Pkwy, Lake Mary, FL 32746, within the Lake Mary submarket. Multiple tenancy options are available. Building amenities include elevators. This LEED Silver Certified building is a Boma 360 Performance Building, signifying its commitment to high-quality construction and operational efficiency. The property's location in the thriving Lake Mary market provides excellent access to major transportation routes and a wealth of amenities. This is an exceptional opportunity to secure prestigious office space in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $29,387,224

  6.5%

  $27,126,670

  7%

  $25,189,050

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,272,026

  Geo Method

  $19,272,026

• Alternative Use

  Use

  Valuation

  Residential

  $33,637,068

  Hospitality

  $30,811,374

  Educational

  $25,634,702

  Medical

  $26,516,320

  Retail

  $39,876,204

Location Insight

City

Lake Mary

County

Seminole

State

Florida

Latitude

28.791

Longitude

-81.3524

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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