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Wymore Professional Office Building

$2,885,000

610 N Wymore Rd, Maitland, FL 32751

Active
Last Updated: 03/31/2025

8.5

Cap Rate

245,250

NOI

Details:
Cap Rate:    8.5%
NOI:    $245,250
Building Size:    15,985 sqft
Class:    A
Lease Type:    Triple Net
Year Built:    1998
Zoning:    PD
Year Last Renovated:    2021
Number of Elevators:    1
Investment Strategy:    Core
Highlights:
  • Ample on-site parking for tenants and visitors
  • Triple Net Leases
  • COA Management covers majority of building expenses
  • Stabilized Income. Strong tenant base with consistent revenue.
Description:

610 N. Wymore Road is a well-located commercial office building situated within the Maitland Professional Office Village, a well-established business park in Maitland, Florida. Spanning 15,985 square feet, this property is the largest of the 29 office condominiums within the park, prominently positioned at the southeast corner of North Wymore Road and Hope Road, just north of the Maitland Boulevard interchange with Interstate-4.
With immediate access to I-4, Maitland Boulevard (SR 414), and US-17/92, the building offers exceptional regional connectivity to Downtown Orlando, Winter Park, and Altamonte Springs. As part of a Commercial Owners Association (COA) that covers the majority of the building's expenses, ownership is streamlined, providing reduced management responsibilities. Furthermore, the property holds a majority ownership stake within the COA, granting greater control over association decisions and future operations. The building features a stable tenant base with long-term triple net (NNN) leases, offering investors reliable and predictable cash flow. Additionally, the seller is offering a one-year sale-leaseback on the currently vacant space, creating a seamless opportunity for investors to enjoy immediate rental income.

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