7560 Red Bug Lake RdOviedo, FL 32765

Property Details for 7560 Red Bug Lake Rd

Year built

2008

Construction

TILT-UP CONCRETE

Lot size

0.02 AC

Property size (Sq ft)

1,033 SF

Property type

Office properties

Property subtype

Other office properties

APN

20-21-31-506-0000-1034

APU

20213150600001034

Description

This exceptional 6,150-square-foot office suite, located within the prestigious Oviedo Office Park, presents a unique opportunity for a discerning tenant. Situated on the first floor of a Class A, 50,000-square-foot building constructed in 2008, this space boasts an impressive double-door entrance in the main lobby. Originally designed as a single corporate office for a national marketing research firm, the suite (#1010 & #1030) offers a flexible layout. Currently configured as one large suite, it can be subdivided to accommodate varying needs. Suite #1010 features a spacious corner CEO office, four private offices, a conference room, shared workspaces, a reception area, and a fully equipped kitchen/break room with built-in desks and cabinetry. Suite #1030 includes a main reception area, three large research suites (easily adaptable into open-plan or smaller private offices), and a manager's office. The Oviedo Office Park itself is a 50,000 square foot building situated on approximately 3.7 acres, offering a generous 3.7 parking spaces per 1,000 square feet. Its prime location on Red Bug Lake Road in Oviedo, Florida, provides convenient access to major roadways including SR 417, SR 434, SR 436, and SR 426, and is close to AdventHealth ER and the new Oviedo hospital, making it an excellent choice for businesses serving the Oviedo and Winter Springs communities. The building backs to a conservation area, offering a tranquil and professional setting. This is a single-tenant space, perfect for a company seeking a high-profile, well-appointed office environment.

• CAP approach

  CAP return

  Valuation

  6%

  $242,592

  6.5%

  $223,931

  7%

  $207,936

• Comparable approach

  Method

  Valuation

  Relative Method

  $179,590

  Geo Method

  $115,314

• Alternative Use

  Use

  Valuation

  Residential

  $277,675

  Hospitality

  $254,349

  Educational

  $211,615

  Medical

  $218,893

  Retail

  $329,179

Location Insight

City

Oviedo

County

Seminole

State

Florida

Latitude

28.6522

Longitude

-81.2439

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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