2700 Westhall LnMaitland, FL 32751

Property Details for 2700 Westhall Ln

Year built

1984

Lot size

2.49 AC

Property size (Sq ft)

34,910 SF

Zone code

WS-NM

Property type

Office properties

Property subtype

Office buildings

APN

27-21-29-5476-12-001

APU

272129547612001

Description

The Westhall Executive Center, a Class B office building located at 2700 Westhall Ln, Maitland, FL 32751, offers a unique investment opportunity. This two-story building, constructed in 1984 and extensively renovated in 2008, boasts 35,500 square feet of total space, with 4,218 square feet currently vacant. The property sits on 2.5 acres of land, with a 2.5 FAR, and includes 122 parking spaces. Building amenities include a single hydraulic elevator, 9-foot ceilings, and a common area conference room accessible via an online scheduling system. The building benefits from a 24-hour HVAC system accessible to tenants at a reasonable cost. The property is zoned for professional offices (Prof Office, APN 27-21-29-5476-12-001) and is situated in the Maitland Center submarket, conveniently located at the intersection of Keller Road and Westhall Lane, directly east of the RDV Sportsplex. The available space presents a redevelopment opportunity for a large user. This property has been under the same ownership and management for over 35 years. The 2008 renovation included energy management system upgrades and restroom renovations.

• CAP approach

  CAP return

  Valuation

  6%

  $5,402,096

  6.5%

  $4,986,550

  7%

  $4,630,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,897,003

  Geo Method

  $3,897,003

• Alternative Use

  Use

  Valuation

  Residential

  $6,183,322

  Hospitality

  $5,663,890

  Educational

  $4,712,290

  Medical

  $4,874,352

  Retail

  $7,330,228

Location Insight

City

Maitland

County

Orange

State

Florida

Latitude

28.6361

Longitude

-81.3977

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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