Freestanding Class A Office
For Sale
$1,450,000
1017 E South St, Orlando, FL 32801
Freestanding Class A office with ten private offices, conference room, reception, informal meeting space, and ample on-site parking.
Property Size2,820 SF
Lot Size0.35 Acres
Price / SF$514.18
Days on Market95
Property Features for 1017 E South St
General Information
Standard status
Active
Size
2,820 SF
Class
A
Lot size
0.35 Acres
Property subtype
Multi Tenant Office
Additional Details
Highway Access
Yes
Office Units
10
Building Details
Building Size
2,820 SF
Year Built
1926
Year Renovated
2017
Listing Agency:
Lee & Associates | Central Florida
Listed By:
Jason Bantel · License ##SL666097
(407) 694-0283
Source:
Thebrokerlist
Added: Jul 15
Changed: Oct 4
Last Checked: Oct 16 at 5:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Central Florida
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Investment Insights
Based on property information with market context.
1017 E. South Street is a freestanding Class A professional office building featuring an efficient interior layout with ten private offices, a large conference room, reception area, informal meeting space, and support area. Originally constructed in 1926 and expanded in 1985, the property underwent extensive renovations completed in 2017 and is offered as move-in ready with updated interior finishes and modern building systems.
The property is situated on a ±0.35-acre site immediately east of Downtown Orlando in the Thornton Park/Lawsona-Fern Creek submarket. It provides access to Downtown Orlando’s business, legal, and financial districts and is described as minutes from the Central Business District, Lake Eola, Dr. Phillips Center for the Performing Arts, Kia Center, Orlando Health, and AdventHealth Orlando, with convenient access to SR 408 and I-4.
With ample on-site parking and a purpose-built office configuration, the building is suited for owner-users or investors seeking a turnkey office asset in a downtown-adjacent setting.
The property is situated on a ±0.35-acre site immediately east of Downtown Orlando in the Thornton Park/Lawsona-Fern Creek submarket. It provides access to Downtown Orlando’s business, legal, and financial districts and is described as minutes from the Central Business District, Lake Eola, Dr. Phillips Center for the Performing Arts, Kia Center, Orlando Health, and AdventHealth Orlando, with convenient access to SR 408 and I-4.
With ample on-site parking and a purpose-built office configuration, the building is suited for owner-users or investors seeking a turnkey office asset in a downtown-adjacent setting.
Key Highlights
- Freestanding 2,820 SF Class A office building on a 0.35‑acre site in the Thornton Park/Lawsona‑Fern Creek submarket
- Built in 1926, expanded in 1985, with extensive renovations completed in 2017
- Efficient interior layout with 10 private offices plus reception, a large conference room, informal meeting space, and support area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,664
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,280
$1.1M
Cap Rate 7%
$752,343
$752.3K
Cap Rate 9%
$585,156
$585.2K
Market Conditions
NOI Build-Up for 2,820 SF
Gross rent
$84.6K $30.00/SF
− Vacancy
−$14.4K −$5.10/SF
EGI
$70.2K $24.90/SF
− OpEx
−$17.6K −$6.23/SF
NOI
$52.7K $18.67/SF
Area
Orlando, FL
Vacancy
17.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,280
Cap Rate 7%
$752,343
Cap Rate 9%
$585,156
Alternative Uses
Best Use
Office B
$752.3K
$658.3K – $877.7K
NOI $52,664 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$908.4K
$794.9K – $1.06M
NOI $63,589 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,681
Businesses Nearby
Explore this area
Business Placement
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
Median Home Value
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Market
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Office building - Freestanding Class A office with ten private offices, conference room, reception, informal meeting space, and ample on-site parking.
Where is this office building located?
The property is located at 1017 E South St Orlando, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Freestanding 2,820 SF Class A office building on a 0.35‑acre site in the Thornton Park/Lawsona‑Fern Creek submarket; Built in 1926, expanded in 1985, with extensive renovations completed in 2017; Efficient interior layout with 10 private offices plus reception, a large conference room, informal meeting space, and support area
