Mixed-Use Property with
For Sale
$3,950,000
1022 WILFRED DR #SEALED BID!, Orlando, FL 32803
Three parcels combine connected office and warehouse space with a separate office building and an additional warehouse.
Property Size8,046 SF
Lot Size0.85 Acres
Price / SF$490.93
Days on Market275
Property Features for 1022 WILFRED DR #SEALED BID!
General Information
Standard status
Active
Size
8,046 SF
Lot size
0.85 Acres
Property subtype
Industrial
Site & Location
Neighborhood
Colonialtown South
Highway Access
Yes
Additional Details
Property Use
Industrial / Office
Taxes and HOA fees
Annual Taxes
$1,929
Building Details
Building Size
8,046 SF
Year Built
1957
Listed By:
Dailland Real Estate
(407) 666-7860
Source:
Daillandrealestate
Added: Jan 26
Changed: Oct 26
Last Checked: Oct 26 at 1:14PM
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 Dailland Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-parcel property in Orlando’s 32803 ZIP code includes two connected warehouse buildings with office space, a separate office building, and a newer warehouse with multiple roll-up doors. Ceiling-mounted crane and engine hoists run along steel beams in both warehouse buildings. The property is described as industrially zoned and totals approximately 0.85 acres across the parcels.
At 1020 Wilfred, the connected office and warehouse buildings contain approximately 12,605 square feet on 0.45 acres. The middle parcel at 1022 Wilfred is approximately 0.19 acres and is vacant. At 1028 Wilfred, a 1,286-square-foot office and newer 4,000-square-foot warehouse occupy approximately 0.21 acres. The property is north of Colonial Drive and North Mills Avenue, close to I-4, downtown Orlando, and Lake Highland Preparatory School.
At 1020 Wilfred, the connected office and warehouse buildings contain approximately 12,605 square feet on 0.45 acres. The middle parcel at 1022 Wilfred is approximately 0.19 acres and is vacant. At 1028 Wilfred, a 1,286-square-foot office and newer 4,000-square-foot warehouse occupy approximately 0.21 acres. The property is north of Colonial Drive and North Mills Avenue, close to I-4, downtown Orlando, and Lake Highland Preparatory School.
Key Highlights
- Three parcels totaling approximately 0.85 acres
- 1020 Wilfred: approximately 12,605 square feet of connected office and warehouse buildings on 0.45 acres
- 1028 Wilfred: 1,286‑square‑foot office and newer 4,000‑square‑foot warehouse on 0.21 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,259
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,005,180
$3.0M
Cap Rate 7%
$2,146,557
$2.1M
Cap Rate 9%
$1,669,544
$1.7M
Market Conditions
NOI Build-Up for 8,046 SF
Gross rent
$241.4K $30.00/SF
− Vacancy
−$41.0K −$5.10/SF
EGI
$200.3K $24.90/SF
− OpEx
−$50.1K −$6.23/SF
NOI
$150.3K $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%
$3,005,180
Cap Rate 7%
$2,146,557
Cap Rate 9%
$1,669,544
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.50M
NOI $150,259 @ 7.0% cap · market cap 3.80%
Second Best
Mixed Use
$1.52M
$1.33M – $1.77M
NOI $106,207 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,433 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,125
Businesses Nearby
Explore this area
Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three parcels combine connected office and warehouse space with a separate office building and an additional warehouse.
Where is this mixed-use property located?
The property is located at 1022 WILFRED DR #SEALED BID! Orlando, FL.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Three parcels totaling approximately 0.85 acres; 1020 Wilfred: approximately 12,605 square feet of connected office and warehouse buildings on 0.45 acres; 1028 Wilfred: 1,286‑square‑foot office and newer 4,000‑square‑foot warehouse on 0.21 acres
