924 Magnolia AveOrlando, FL 32803

Property Details for 924 Magnolia Ave

Year built

1972

Lot size

1.56 AC

Property size (Sq ft)

17,858 SF

Zone code

AC-3A/T

Property type

Office properties

Property subtype

Office buildings

APN

23-22-29-2552-00-380

APU

232229255200380

Description

This exceptional office property, located at 924 N Magnolia Ave in Orlando, Florida, offers a diverse range of spaces ideal for various business needs. Comprising two, three-story buildings totaling 30,000 square feet, this Class B property provides multiple tenancy options. Units range from a minimum of 105 square feet to a maximum contiguous space of 1,000 square feet, with 12 spaces currently available. The property's convenient location between Downtown Orlando and Ivanhoe Village offers easy access to I-4 and is within walking distance of Lake Ivanhoe Park and the vibrant shops and restaurants of Ivanhoe Village. Built in 1972, the buildings boast ample parking with 135 spaces, ensuring convenient access for tenants and clients. Recently improved directory signage enhances visibility and accessibility. The property is zoned AC-3A/T and its Orange County APN is 23-22-29-2552-00-380. This versatile space is perfectly suited for a variety of professional office users, including attorneys, CPA firms, and other businesses seeking a prime location with flexible space options. The property's diverse suite sizes, ample parking, and convenient location make it an attractive option for businesses of all sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $4,346,125

  6.5%

  $4,011,808

  7%

  $3,725,250

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,804,242

  Geo Method

  $2,804,242

• Alternative Use

  Use

  Valuation

  Residential

  $4,974,642

  Hospitality

  $4,556,745

  Educational

  $3,791,158

  Medical

  $3,921,542

  Retail

  $5,897,357

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.558

Longitude

-81.3774

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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