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The Lake Howell Building 407 Lake Howell Rd 6,117 SF Vacant Office Building Maitland, FL 32751 $1,295,000 ($211.71/SF) 7.18% Cap Rate
Investment Highlights
- This Property is "1031-Friendly"!
- 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
Executive Summary
This building is presently rented month to month as a professional office suite operation consisting of 24 suites, it has approx 29 lighted 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. THIS PROPERTY IS PRICED FOR A QUICK SALE WAS REDUCED FROM $1,600,000! THIS BUILDING IS "1031-FRIENDLY!! The owner is a broker and will be happy to discuss the building at anytime.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$146,256
|
$23.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$146,256
|
$23.91
|
| Taxes |
$14,480
|
$2.37
|
| Operating Expenses |
$38,776
|
$6.34
|
| Total Expenses |
$53,256
|
$8.71
|
| Net Operating Income |
$93,000
|
$15.20
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $146,256 |
| Annual Per SF | $23.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $146,256 |
| Annual Per SF | $23.91 |
| Taxes | |
|---|---|
| Annual | $14,480 |
| Annual Per SF | $2.37 |
| Operating Expenses | |
|---|---|
| Annual | $38,776 |
| Annual Per SF | $6.34 |
| Total Expenses | |
|---|---|
| Annual | $53,256 |
| Annual Per SF | $8.71 |
| Net Operating Income | |
|---|---|
| Annual | $93,000 |
| Annual Per SF | $15.20 |
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
$1,295,000
Price Per SF
$211.71
Cap Rate
7.18%
NOI
$93,000
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 - It is an 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 | $959,566 |
| Land Assessment | $454,014 | Annual Taxes | $14,480 ($2.37/SF) |
| Improvements Assessment | $505,552 | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
28-21-30-300-0270-0000
Land Assessment
$454,014
Improvements Assessment
$505,552
Total Assessment
$959,566
Annual Taxes
$14,480 ($2.37/SF)
Tax Year
2025 Payable 2025
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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
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