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The Lake Howell Building 407 Lake Howell Rd 6,117 SF 1% Leased Office Building Maitland, FL 32751 $1,770,395 CAD ($289.42 CAD/SF) 7.18% Cap Rate
Investment Highlights
- LOCATION IS EXCELLENT-LOCATED IN THE CITY OF CASSELBERRY WITH A MAITLAND ADDRESS
- SURROUNDED BY MEDICAL BUILDINGS AND ALL LOBBIES ARE FURNISHED
- MANY POSSIBLE USES AND IS AN EXCELLENT INVESTMENT FOR AN ABSENTEE OWNER
Executive Summary
This building is presently rented month to month as a professional office suite operation consisting of 24 suites, it has approx 29 parking spaces, 3 lobbies, 1 kitchen , 5 restrooms, and a conference room. It stays rented and has many professionals that have been in the building for many years. The building is located just 2 blocks from HWY 436 and is surrounded by many doctor offices. The building has been updated and remodeled. A floor plan, proforma and survey are attached. The owner is a broker and will be happy to discuss the building at anytime.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$199,947
|
$32.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$199,947
|
$32.25
|
| Taxes |
$19,796
|
$3.19
|
| Operating Expenses |
$53,011
|
$8.55
|
| Total Expenses |
$72,806
|
$11.74
|
| Net Operating Income |
$127,140
|
$20.51
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $199,947 |
| Annual Per SF | $32.25 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $199,947 |
| Annual Per SF | $32.25 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,796 |
| Annual Per SF | $3.19 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $53,011 |
| Annual Per SF | $8.55 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $72,806 |
| Annual Per SF | $11.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $127,140 |
| Annual Per SF | $20.51 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
6,117 SF
Building Class
B
Year Built/Renovated
1959/2010
Price
$1,770,395 CAD
Price Per SF
$289.42 CAD
Cap Rate
7.18%
NOI
$127,140 CAD
Percent Leased
1%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,117 SF
Building FAR
0.21
Lot Size
0.67 AC
Zoning
OR - It is an executive office operation but many other permissible uses. The city just changed permissible uses back to MEDICAL and has many other uses.
Parking
30 Spaces (4.9 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Reception
- Air Conditioning
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 28-21-30-300-0270-0000 | Total Assessment | $1,310,441 CAD |
| Land Assessment | $620,029 CAD | Annual Taxes | $19,796 CAD ($3.24 CAD/SF) |
| Improvements Assessment | $690,412 CAD | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
28-21-30-300-0270-0000
Land Assessment
$620,029 CAD
Improvements Assessment
$690,412 CAD
Total Assessment
$1,310,441 CAD
Annual Taxes
$19,796 CAD ($3.24 CAD/SF)
Tax Year
2025 Payable 2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Baron R. Luckenbach
The Lake Howell Building | 407 Lake Howell Rd
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