7040 Lake Ellenor DrOrlando, FL 32809

Property Details for 7040 Lake Ellenor Dr

Year built

1966

Lot size

1.03 AC

Property size (Sq ft)

12,470 SF

Zone code

IND-2/IND-3

Property type

Office properties

Property subtype

Office buildings

APN

27-23-29-8086-01-010

APU

272329808601010

Description

This fee-simple, Class B medical office building in Orlando, Florida, offers 11,773 square feet of vacant space, ideal for owner-users. Located at 7040 Lake Ellenor Dr, 32809, this property boasts a prime location near key healthcare and research hubs. The building, renovated in 2021, features advanced buildouts suitable for biotech, pharmaceutical, or research businesses. Its energy-efficient design includes solar panels, minimizing operational costs. With 39 parking spaces and a pro-forma cap rate of 11%, this presents a strong investment opportunity. The property is classified as Industrial, Office, with subtypes including Manufacturing, Medical Office, and R&D. Available for occupancy August 30, 2024, this turnkey facility allows for immediate operations, eliminating lengthy buildout delays. The building's modern infrastructure and strategic location within Orlando's thriving life sciences market make it an exceptional choice for businesses seeking efficient and cost-effective expansion or relocation. This single-building property offers a significant advantage to companies prioritizing speed to market in the competitive life sciences sector. The potential for purchasing existing lab equipment further enhances its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $3,185,378

  6.5%

  $2,940,348

  7%

  $2,730,324

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,958,164

  Geo Method

  $1,958,164

• Alternative Use

  Use

  Valuation

  Residential

  $3,646,032

  Hospitality

  $3,339,746

  Educational

  $2,778,629

  Medical

  $2,874,190

  Retail

  $4,322,312

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.4642

Longitude

-81.4016

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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