$1,195,000
Active407 Lake Howell Rd, Maitland, FL 32751
6,117 sq ft
Listing courtesy of RE/MAX ASSURED · MLS# O6401714
188 days on market
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
About this property
Price reduced from $1,600,000! This well-maintained commercial building is currently operating as a professional office suite property, featuring 24 individual suites with strong month-to-month tenancy. The property offers approximately 29 parking spaces and is thoughtfully designed with three welcoming, fully furnished lobby areas, a shared kitchen, five restrooms, and a dedicated conference room. The building was renovated in 2010 with a roof replacement in 2016. Consistently occupied, the building is home to a stable base of long-term professional tenants, making it an attractive opportunity for investors seeking reliable income and ease of management. With many possible uses, this property presents an outstanding opportunity for an absentee owner looking for a solid investment. Situated in the City of Casselberry with a Maitland address, just two blocks from Hwy 436. The property is surrounded by established medical and professional offices, making it ideal for a variety of business uses. Don’t miss this exceptional investment opportunity in a prime location. Whether you’re expanding your portfolio, seeking a stable, income-producing property, or looking to utilize for your personal office, this building checks all the boxes. Schedule your private tour today, request the full financial package, and see firsthand the value and potential this property has to offer. Opportunities like this don’t last—secure your investment now. - 1031 Friendly - The current leases are on a month-to-month basis, and some office spaces are currently rented below market value, providing flexibility to adjust rental rates or utilize the space to suit your needs.
Facts
- Property type
- Office
- Year built
- 1959
- Exposure
- West
- Flood zone
- X
- Annual taxes
- $12,240/yr
- Listed
- Apr 23, 2026
- MLS #
- O6401714
Commercial details
Building & site
- Building size
- 6,117 SF
- Lot size
- 0.58 acres (25,223 SF)
- Zoning
- OR
- Ceiling height
- Varied
- Parking spaces
- 29
- Road frontage
- City Street
- Buildings
- 1
- Occupancy
- Tenant-occupied
- Building features
- Bathrooms
Investor metrics
- Price per SF (MLS)
- $195.36/SF
- Cap rate
- 7.88%
As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty — confirm with the listing broker before relying on them. We never estimate a cap rate.
Price & status history
- Listed for $1,295,000
- Price reduced to $1,195,000from $1,225,000
Virtual tour
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Take a tour
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407 Lake Howell Rd, Maitland, FL 32751
Listing courtesy of RE/MAX ASSURED · MLS# O6401714 · Active
Where this property is
Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.
