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Laurel Building 498 Palm Springs Dr

136 - 7,635 SF of Office Space Available in Altamonte Springs, FL 32701

Highlights

  • Privately owned and well-managed property, 498 Palm Springs Drive offers tenants a direct channel to meet all their business needs.
  • Second and third floors provide traditional, full-service professional office suites that range from 990 to 4,049 square feet.
  • Situated in a thriving community, boasting an average household income of $87,967 and a 5% projected population growth within a 5-mile radius.
  • First floor offers 40 individual, full-service executive office suites that range from 115 to 225 SF with adjoining suites for additional space.
  • The Laurel Building can accommodate a national tenant with an exterior building-mounted marquee sign that provides a building signature.
  • 498 Palm Springs Drive is in a vibrant live, work, play location that is steps from Altamonte Mall, banking, dining, retail, and entertainment.

all available spaces(5)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • 1st Floor, Ste 106
  • 136 SF
  • 1 Year
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • Full Build-Out
  • Now
  • Fully Built-Out as Standard Office
  • Fits 1 Person
  • Office intensive layout
  • 1st Floor, Ste 125
  • 225 SF
  • 1 Year
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • Full Build-Out
  • Now
  • Fully Built-Out as Standard Office
  • Fits 1 - 3 People
  • Office intensive layout
  • 2nd Floor, Ste 200
  • 4,049 SF
  • 3-5 Years
  • $18.00 /SF/YR $1.50 /SF/MO $72,882 /YR $6,074 /MO
  • Office
  • Full Build-Out
  • Now
  • Lease rate does not include utilities, property expenses or building services
  • Office intensive layout
  • Fully Built-Out as Standard Office
  • Fits 20 People
  • 2nd Floor, Ste 210
  • 1,201 SF
  • 3-5 Years
  • $18.00 /SF/YR $1.50 /SF/MO $21,618 /YR $1,802 /MO
  • Office
  • Full Build-Out
  • Now
  • Lease rate does not include utilities, property expenses or building services
  • Office intensive layout
  • Fully Built-Out as Standard Office
  • Fits 4 - 10 People
  • 3rd Floor, Ste 345
  • 2,024 SF
  • 3-5 Years
  • $18.00 /SF/YR $1.50 /SF/MO $36,432 /YR $3,036 /MO
  • Office
  • Full Build-Out
  • Now
  • Lease rate does not include utilities, property expenses or building services
  • Office intensive layout
  • Fully Built-Out as Standard Office
  • Fits 5 - 20 People
Space Size Term Rental Rate Space Use Condition Available
1st Floor, Ste 106 136 SF 1 Year Upon Request Upon Request Upon Request Upon Request Office Full Build-Out Now
1st Floor, Ste 125 225 SF 1 Year Upon Request Upon Request Upon Request Upon Request Office Full Build-Out Now
2nd Floor, Ste 200 4,049 SF 3-5 Years $18.00 /SF/YR $1.50 /SF/MO $72,882 /YR $6,074 /MO Office Full Build-Out Now
2nd Floor, Ste 210 1,201 SF 3-5 Years $18.00 /SF/YR $1.50 /SF/MO $21,618 /YR $1,802 /MO Office Full Build-Out Now
3rd Floor, Ste 345 2,024 SF 3-5 Years $18.00 /SF/YR $1.50 /SF/MO $36,432 /YR $3,036 /MO Office Full Build-Out Now

1st Floor, Ste 106

Size
136 SF
Term
1 Year
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor, Ste 125

Size
225 SF
Term
1 Year
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor, Ste 200

Size
4,049 SF
Term
3-5 Years
Rental Rate
$18.00 /SF/YR $1.50 /SF/MO $72,882 /YR $6,074 /MO
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Floor, Ste 210

Size
1,201 SF
Term
3-5 Years
Rental Rate
$18.00 /SF/YR $1.50 /SF/MO $21,618 /YR $1,802 /MO
Space Use
Office
Condition
Full Build-Out
Available
Now

3rd Floor, Ste 345

Size
2,024 SF
Term
3-5 Years
Rental Rate
$18.00 /SF/YR $1.50 /SF/MO $36,432 /YR $3,036 /MO
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Floor, Ste 106

Size 136 SF
Term 1 Year
Rental Rate Upon Request
Space Use Office
Condition Full Build-Out
Available Now

  • Fully Built-Out as Standard Office
  • Office intensive layout
  • Fits 1 Person

1st Floor, Ste 125

Size 225 SF
Term 1 Year
Rental Rate Upon Request
Space Use Office
Condition Full Build-Out
Available Now

  • Fully Built-Out as Standard Office
  • Office intensive layout
  • Fits 1 - 3 People

2nd Floor, Ste 200

Size 4,049 SF
Term 3-5 Years
Rental Rate $18.00 /SF/YR
Space Use Office
Condition Full Build-Out
Available Now

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Office
  • Office intensive layout
  • Fits 20 People

2nd Floor, Ste 210

Size 1,201 SF
Term 3-5 Years
Rental Rate $18.00 /SF/YR
Space Use Office
Condition Full Build-Out
Available Now

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Office
  • Office intensive layout
  • Fits 4 - 10 People

3rd Floor, Ste 345

Size 2,024 SF
Term 3-5 Years
Rental Rate $18.00 /SF/YR
Space Use Office
Condition Full Build-Out
Available Now

  • Lease rate does not include utilities, property expenses or building services
  • Fully Built-Out as Standard Office
  • Office intensive layout
  • Fits 5 - 20 People

Property Overview

Experience the Laurel Building at 498 Palm Springs Drive, an exceptional live, work, and play community location with a high-quality professional office environment. Strategically situated minutes from the Interstate 4 corridor, the prime property is within steps of the Altamonte Mall, dining, banking, retail, and entertainment. The signature design of the Laurel Building is a three-story professional office building set in a lush garden setting, offering an array of flexible office space and executive suites perfect for your business. Move-in-ready suites of various sizes allow for quick occupancy. Tenants can enjoy amenities that include conference rooms and on-site classroom facilities. Executive suites provide an inviting lobby to welcome guests, a breakroom, kitchen, mailroom, and secure restroom facilities, all in a privately owned and managed building. Medical professionals will find themselves adjacent to AdventHealth Altamonte Springs, rated as the top hospital in Greater Orlando. Employees in any organization will enjoy the work-life balance of the property’s location. This is exemplified by the area’s average household income of $87,967 within a 5-mile radius, one indicator of high-quality living for employees. As an out parcel of the Altamonte Mall, the building also puts employees steps from retail favorites and entertainment, such as H&M, Bath & Body Works, Victoria’s Secret, Ross Stores, Marshalls, Burlington, Men’s Wearhouse, AMC theater, Whole Foods, and Publix, all within a five-minute drive. Commuting to and from the site is also a breeze with direct access to Interstate 4, which connects to Downtown Orlando in under 18 minutes, a 25-minute drive to the Orlando Executive Airport, a 34-minute drive to the Orlando International Airport, and proximity to Sun Rail Station and various major bus routes. The Laurel Building is a popular location and ideal for your business.

  • 24 Hour Access
  • Conferencing Facility
  • Property Manager on Site
  • Bicycle Storage
  • Central Heating
  • Fully Carpeted
  • Natural Light
  • Recessed Lighting
  • Drop Ceiling
  • Air Conditioning

PROPERTY FACTS

Building Type
Office
Year Built
1985
Building Height
3 Stories
Building Size
45,369 SF
Building Class
B
Typical Floor Size
15,123 SF
Parking
134 Surface Parking Spaces
Covered Parking

Nearby Amenities

Restaurants

Mediterranean Gourmet Mediterranean $$ 6 min walk
Lin Garden Chinese $ 8 min walk
Hana Sushi Sushi $$ 12 min walk
Anthony's Pizza Pizza $$ 16 min walk

Retail

Victoria's Secret Ladies' Apparel 6 min walk
Foot Locker Shoes 6 min walk
H&M Unisex Apparel 6 min walk
Bath & Body Works Health & Beauty Aids 6 min walk
Macy's Other Retail 9 min walk
Publix Supermarket 8 min walk
Dillard's Dept Store 10 min walk
Lane Bryant Ladies' Apparel 13 min walk

Hotels

SpringHill Suites
126 rooms
11 min drive

About Altamonte Springs

Altamonte Springs is a growing suburban office node for the Orlando region, situated roughly 15 minutes from downtown Orlando. The area has direct access to two prime roadway arteries, Interstate 4 and State Route 436, and is within a 45-minute drive from Orlando International Airport, Orlando-Sanford International Airport, and Orlando Executive Airport.

There are numerous public transportation options within Altamonte Springs, including SunRail’s CenterPointe station and the LYNX bus transit system. The local workforce is highly educated, with many holding college degrees. Office tenants have many daytime shopping and eating options, including Altamonte Mall, and there are numerous popular green spaces such as Cranes Roost Park.

Altamonte Springs has competitive office asking lease rates and offers many of the amenities of urban core office nodes in a suburban setting. Most office properties have spectacular landscaping and lush greenery. The office tenant mix in this area is diverse, reflecting Altamonte Spring’s appeal to nearly any office use.

Leasing Teams

Leasing Teams

(321) 299-4164
Contact
Martin Forster, Senior Director, CCIM
(321) 299-4164
Contact
40+ years' experience in commercial real estate.  Following 10 years in the international bond market, initially with Merrill Lynch in London and Geneva, Martin’s real estate career began at the Trust Real Properties division of Continental Illinois National Bank. From 1979, while based in London, he traveled extensively throughout Europe, the Middle East and the United States serving high net worth investors in US real estate. Following a residence of 3 1/2 years in Dubai, UAE, he moved to Stuart, Florida in 1986 where he established his own commercial brokerage and property management companies. In 2003 he joined Marcus & Millichap in Orlando, specializing in the brokerage of retail shopping centers. In 2004 he and his team, The Pocklington, Pocklington & Forster Retail Investment Group, moved to GVA Advantis, a subsidiary of the St. Joe Corporation, and to Cushman & Wakefield in 2007. In 2009, he co-founded Cushman & Wakefield’s Central Florida Resolution Team which helps lenders and owners with troubled property.

In early 2011 he joined Hold-Thyssen in Winter Park, Florida. Martin’s strong financial, analytical and workout skills and decade long focus on retail property is an ideal match for the current real estate environment and the firm’s US and international clientele.

Since 1993 Martin has held the Certified Commercial Investment Member designation of the CCIM Institute. CCIMs are recognized experts in commercial real estate investment analysis, valuation, brokerage, leasing and asset management. Long a member of the Florida CCIM Chapter, Martin recently chaired the Scholarship Committee liaising with Florida’s major universities. He has been a frequent editorial contributor and commentator for a range of real estate and business publications, including the CCIM Institute’s Commercial Investment Real Estate magazine, The Florida Real Estate Journal, The Orlando Business Journal, Orlando Sentinel and Southeast Real Estate Business.

He is an active member of the International Council of Shopping Centers (ICSC) and a past board member of the Central Florida Commercial Association of Realtors (CFCAR). In 2005 he was named by CoStar Group as one of Orlando’s Power Brokers, and in 2009 he was a CFCAR Hallmark Award winner as the Orlando area’s No 2 Retail Producer.
  • Listing ID: 21953282

  • Date on Market: 8/12/2024

  • Last Updated:

  • Address: 498 Palm Springs Dr, Altamonte Springs, FL 32701

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