Log In/Sign Up
Your email has been sent.
The Lake Howell Building 407 Lake Howell Rd 6,117 SF Vacant Office Building Maitland, FL 32751 $1,739,473 CAD ($284.37 CAD/SF) 7.53% Cap Rate
Investment Highlights
- Seller may carry a short term First Mortgage!
- Surrounded by medical buildings -Location is Excellent-Located In the City of Casselberry with a Maitland address
- Many Possible uses and is an excellent investment for an absentee owner and property manager for the last 15 yrs will agree to stay on
Executive Summary
The seller may consider holding a first mortgage. This building is presently rented as a professional office suite operation consisting of 24 suites(rented mo to mo) many of the suites are rented to hair dressers, RENTS CHARGED ARE UNDER CURRENT MARKET RENTS, it has approx 29 lighted parking spaces(front and back), 3 lobbies, 1 kitchen , 5 restrooms, and a conference room. Newer roof and several central air conditioner units. 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. THIS PROPERTY IS PRICED FOR A QUICK SALE ! The owner is a broker and will be happy to discuss the building at anytime CALL 407-304-7068. Phone answered live 24/7 instead of voice mail.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$205,999
|
$33.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$205,999
|
$33.68
|
| Taxes |
$20,395
|
$3.33
|
| Operating Expenses |
$54,615
|
$8.93
|
| Total Expenses |
$75,010
|
$12.26
|
| Net Operating Income |
$130,989
|
$21.41
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $205,999 |
| Annual Per SF | $33.68 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $205,999 |
| Annual Per SF | $33.68 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,395 |
| Annual Per SF | $3.33 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $54,615 |
| Annual Per SF | $8.93 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $75,010 |
| Annual Per SF | $12.26 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $130,989 |
| Annual Per SF | $21.41 |
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
$1,739,473 CAD
Price Per SF
$284.37 CAD
Cap Rate
7.53%
NOI
$130,989 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,117 SF
Building FAR
0.21
Lot Size
0.67 AC
Zoning
OR - Fully rented executive office operation but many other permissible uses. Medical and has many other uses-see attached list of uses in zoning.
Parking
30 Spaces (4.9 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Reception
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 28-21-30-300-0270-0000 | Total Assessment | $1,363,457 CAD |
| Land Assessment | $645,113 CAD | Annual Taxes | $20,395 CAD ($3.33 CAD/SF) |
| Improvements Assessment | $718,344 CAD | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
28-21-30-300-0270-0000
Land Assessment
$645,113 CAD
Improvements Assessment
$718,344 CAD
Total Assessment
$1,363,457 CAD
Annual Taxes
$20,395 CAD ($3.33 CAD/SF)
Tax Year
2025 Payable 2025
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Baron R. Luckenbach Brokerage
The Lake Howell Building | 407 Lake Howell Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.