Renovated Orlando Office
701 E SOUTH Street Orlando, FL 32801
701 E SOUTH Street, Orlando, FL, 32801
$2,450,000
For Sale
$2,450,000
SINGLE_FAMILY - ORLANDO, FL
Property Size9,918 SF
Lot Size0.62 Acres
Price / SF$247.03
Days on Market357
Property Features for 701 E SOUTH Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- O-1/T/AN
- Standard status
- Active
- APN
- 29-22-25-4712-00-050
- Size
- 9,918 SF
- Lot size
- 0.62 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LAKE OLIVE SHORES R/19 LOTS 5 & 6 & W 140 FT OF LOT 7 (LESS S 10 FT OF LOTS 5 &6) & (LESS W 10 FT OF LOTS 6 & 7)
- Tax Annual Amount
- 26587
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
- Water front features
- Lake Front
- Water front
- 1
Building Details
- Year built
- 1986
- Building materials
- Block, Frame
- Roof type
- Membrane, Tile
Listing agency
DOVER INTERNATIONAL CO., INC.
(407) 333-0711
Listed by
Kimberly Robinson · License #BK3113676
(407) 488-7236
Added: Jul 31, 2025 Updated: Jul 20 at 8:39PM Checked: Jul 22 at 4:06AM
MLS# O6332121
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property presents an investment opportunity with a reliable, long-term governmental tenant. The building has been renovated, featuring fresh exterior and interior paint and updated restrooms. The office and conference room layouts have been reconfigured for efficiency, and a new security system has been installed. New galvanized steel stairs have been added, and the lighting has been transitioned from fluorescent to LED, reducing energy costs. The property encompasses approximately 10,000 square feet of usable space and consists of two units that integrate seamlessly. An elevator and multiple stairways provide access to a versatile layout, including conference rooms, private offices, partitioned spaces, staff lounges, and restrooms on each floor. The property, located in Orlando, Florida, sits on a lot of 0.62 acres. The building size is 9918 square feet. The zoning is O-1/T/AN.
Key Highlights
- Long‑term governmental tenant provides reliable income.
- Meticulously renovated with fresh paint, updated restrooms, and reconfigured office spaces.
- Significant energy cost reduction due to transition to LED lighting.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $297.5k | $30.00 |
| − Vacancy | −$50.6k | −$5.10 |
| EGI | $247.0k | $24.90 |
| − OpEx | −$61.7k | −$6.23 |
| NOI | $185.2k | $18.67 |
9,918 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.65M
$2.32M – $3.09M
NOI $185,219 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.19M
$2.80M – $3.73M
NOI $223,645 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Preferred Benefits Consultants
Insurance Agency
Mount Pleasant Baptist ...
Church
Power Praise & Deliverance
Church
Representative Scott Randolph
State Government Office
Ltf Solutions, llc
Consultant
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FAQs
What type of property is this?
Office building - Prime Orlando office building with long-term governmental tenant.
Where is this office building located?
The property is located at 701 E SOUTH Street Orlando, FL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Long‑term governmental tenant provides reliable income.; Meticulously renovated with fresh paint, updated restrooms, and reconfigured office spaces.; Significant energy cost reduction due to transition to LED lighting.
