4106 Lake Mary BlvdLake Mary, FL 32746

Property Details for 4106 Lake Mary Blvd

Year built

1989

Construction

TILT-UP CONCRETE

Lot size

0.03 AC

Property size (Sq ft)

1,416 SF

Property type

Office properties

Property subtype

Other office properties

APN

07-20-30-509-0000-1090

APU

7203050900001090

Description

This exceptional 1,993 square foot medical office suite is located within a larger, three-story Class B building at 4106 W Lake Mary Blvd, Lake Mary, Florida 32746, near Rinehart Road. The building totals 50,000 square feet and features ample parking, two elevators, and metered power. The suite itself offers a turnkey solution for medical professionals seeking to establish or expand their practice. The layout includes five exam rooms each equipped with a sink, a spacious reception and waiting area, two ensuite bathrooms (one with a shower), a private office suitable for a nurse, administrator, or triage, an executive office, a break room, and storage space. Enjoy treetop views from this well-maintained space. The unit is equipped with a remote security system. The existing finishes provide a functional space, but cosmetic updates such as painting or cabinet refacing could easily modernize the aesthetic. The property is zoned for medical office buildings and situated in the Sun Drive submarket cluster of Lake Mary, Florida. This is a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $241,032

  6.5%

  $222,491

  7%

  $206,599

• Comparable approach

  Method

  Valuation

  Relative Method

  $158,068

  Geo Method

  $158,068

• Alternative Use

  Use

  Valuation

  Residential

  $275,889

  Hospitality

  $252,713

  Educational

  $210,254

  Medical

  $217,485

  Retail

  $327,062

Location Insight

City

Lake Mary

County

Seminole

State

Florida

Latitude

28.7569

Longitude

-81.3501

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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