115 International PkwyLake Mary, FL 32746

Property Details for 115 International Pkwy

Year built

1995

Construction

CONCRETE BLOCKS

Lot size

0.59 AC

Property size (Sq ft)

7,922 SF

Property type

Office properties

Property subtype

Office buildings

APN

12-20-29-300-001T-0000

APU

122029300001T0000

Description

This exceptional two-story, 8,900-square-foot executive office building is situated on a 25,700-square-foot lot at 115 International Pkwy, Lake Mary, FL 32746, within the desirable Heathrow submarket of Metro Orlando. Built in 1995, this landmark building offers a prominent business address, ideal for a single corporation, multiple tenants, or subleasing opportunities. The main floor boasts open workspace, four private offices, a conference room, two bathrooms, an IT closet, and a kitchen/breakroom. An attached annex provides seven additional private offices, two bathrooms, and open areas. The upper level, accessible by stairs or elevator, features expansive divided workspaces, private offices, restrooms, and another kitchen/breakroom. High ceilings and abundant natural light enhance the entire space. The property is offered at $5,000,000, representing a compelling 6.72% cap rate with a net operating income (NOI) of $336,000 and a price per square foot of $561.80. The lease type is NNN. This property benefits from a proven history of strong occupancy and rental rates, exceeding those of comparable properties in both the Lake Mary and overall Metro Orlando office markets. The building's location and features make it a truly remarkable investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,348,488

  6.5%

  $1,244,758

  7%

  $1,155,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $884,333

  Geo Method

  $884,333

• Alternative Use

  Use

  Valuation

  Residential

  $1,543,500

  Hospitality

  $1,413,837

  Educational

  $1,176,296

  Medical

  $1,216,751

  Retail

  $1,829,794

Location Insight

City

Lake Mary

County

Seminole

State

Florida

Latitude

28.7569

Longitude

-81.3674

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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