Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    121 S Orange Ave Other City - In The State Of Florida, FL 32801

    View on Map
    For Sale
    $1,549,000

    Commercial/Industrial,Commercial - Other City - In The State Of Florida, FL

    Lot size:
    0.14 Acres
    Added:
    Feb 18, 2025
    Days on Market:
    407
    Last Refresh:
    Apr 1 at 4:06 am

    Property Features for 121 S Orange Ave Other City - In The

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    OFFICE
    Standard status
    Active
    APN
    262229715614500
    Lot size
    0.14 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    0
    Expense value
    7038
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2007
    Floors in Building
    22
    Number of units
    2
    Flooring type
    Carpet
    Building materials
    Block, Concrete
    Roof type
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Carlos A. Caicedo

    Listing agent Carlos A. Caicedo License #3097908

    Listing office RE/MAX Direct 5481 Wiles Road, Coconut Creek, FL

    Listing date Feb 18, 2025

    MLS# F10487310 Listing URL

    Copyright © 2026 BeachesMLS / Matrix. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Orlando Income-Producing Office Units

    Two income-producing office units totaling 6,401 square feet are available in downtown Orlando’s Plaza Building – North Tower. Unit 1450N, a 4,538-square-foot corner space, features an open layout, conference rooms, private offices, a kitchen, and a breakroom, with a balcony overlooking Orange Ave. This unit is leased until March 31, 2027. Unit 1470N, comprising 1,683 square feet, includes a double-door entry, new paint, wood laminate floors, private offices, a reception area, a breakroom, and conference rooms with floor-to-ceiling windows showcasing downtown Orlando and Lake Eola. This unit is leased until October 31, 2026. The property is zoned for office use and is situated on a 0.1428-acre lot. The net operating income is $92,377.34 with a cap rate of 6%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    State Of Florida
    County
    Leon
    State
    Florida
    Longitude
    -84.2824899
    Latitude
    30.4121425

    Nearby Similar for Sale

    • $450,000

      Profitable Coastal Rental Business Opportunity

      Turnkey rental business with high sales and growth potential.
      2239 15th St D, Other City - In The State Of Florida, FL 34237
      View Details
    • $1,500,000

      Lakefront Multifamily Property in Winter Park

      Lakefront property with six units in Winter Park, Florida.
      1903 S LAKEMONT AVE, Other City - In The State Of Florida, FL 32792
      View Details
    • $170,000

      Turn-Key Italian Restaurant Opportunity

      Fully equipped Italian restaurant with indoor and outdoor seating.
      Other City - In The State Of Florida, FL 33772
      View Details
    • $1,753,600
      5,312 SF

      New Construction Quadplex Near Disney

      Under construction quadplex near Disney with resort membership included.
      7438 EXCITEMENT DR, Other City - In The State Of Florida, FL 34747
      View Details
    • $1,500,000
      4,056 SF

      Lakefront Quadplex in Winter Park Area

      Lakefront quadplex near Winter Park, an opportunity to build/renovate.
      1903 S LAKEMONT AVE, Other City - In The State Of Florida, FL 32792
      View Details
    • $399,900

      Waterfront RV Lot with Boat Lift

      Luxurious corner RV lot with boat lift and bay views.
      150 Smallwood Dr. #147, Other City - In The State Of Florida, FL 34138
      View Details
    • $1,499,000
      10,822 SF

      Dade City Bank Branch Building

      10,822 SF office and retail building in downtown Dade City.
      14210 7th, Other City - In The State Of Florida, FL 33523
      View Details
    • $30,000

      Polk County Nursery Opportunity

      Nursery property with active permit and owner financing.
      0 N Commonwealth Ave, Other City - In The State Of Florida, FL 33868
      View Details
    • $1,125,000

      Marathon Duplex Near Sombrero Beach

      Duplex with dock access, close to Sombrero Beach.
      308 Sombrero Beach Rd, Other City - In The State Of Florida, FL 33050
      View Details

    FAQs

    What type of property is this?
    Office units - Two leased office units in downtown Orlando's Plaza Building.
    Where is this office units located?
    The property is located at 121 S Orange Ave Other City - In The State Of Florida, FL.
    What is the asking price?
    The asking price for this property is $1,549,000.
    What are key features of this property?
    This property features: Prime downtown Orlando location in the Plaza Building - North Tower.; Income‑producing property with two leased office units totaling 6,401 sq. ft.; Unit 1450N (4,538 sq. ft.) corner space with balcony overlooking Orange Ave, leased until March 31, 2027.
    (954) 426-5400
    We can help!
    Listing Contact
    Carlos A. Caicedo
    Real Estate License ID: 3097908
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!