101 Commerce StLake Mary, FL 32746

Property Details for 101 Commerce St

Year built

2008

Construction

TILT-UP CONCRETE

Lot size

1.36 AC

Property size (Sq ft)

16,008 SF

Property type

Office buildings

APN

19-20-30-5HL-0000-0080

APU

1920305HL00000080

Description

This exceptional three-story, 32,000 square foot Class B office building in Seminole County presents a compelling investment opportunity. Currently, 8,395 square feet of space is available for lease, with one large suite of 7,897 square feet immediately ready for occupancy. Built in 2008, the property boasts a desirable 4:1,000 parking ratio, ensuring ample parking for tenants and visitors. Covered parking is also available, adding to the convenience and appeal. The building's strategic location offers unparalleled access to major transportation arteries, including I-4, Lake Mary Boulevard, State Road 434, and State Road 436, providing seamless commutes for employees and clients. The property is ideally suited for a variety of commercial tenants seeking a well-maintained, conveniently located office space. Aggressive lease terms and incentives are available, making this an attractive proposition for businesses seeking a cost-effective and strategically positioned office solution. The building's multiple tenancy structure allows for flexibility and adaptability to various business needs. Don't miss this chance to secure a prime location in a thriving Seminole County market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,724,891

  6.5%

  $2,515,284

  7%

  $2,335,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,786,973

  Geo Method

  $1,786,973

• Alternative Use

  Use

  Valuation

  Residential

  $3,118,952

  Hospitality

  $2,856,944

  Educational

  $2,376,944

  Medical

  $2,458,690

  Retail

  $3,697,468

Location Insight

City

Lake Mary

County

Seminole

State

Florida

Latitude

28.7397

Longitude

-81.3594

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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