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    Functional Industrial Warehouse Condo Title is generated by Realmo AI

    10235 GENERAL Dr 8, Orlando, FL 32824

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    For Sale
    $1,899,000

    8,479 SF warehouse condo, ideal for investors or owner-users.

    Type:Industrial
    Property size:
    8,479 SF
    Price / SF:
    $223/SF
    Added:
    Apr 15, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 9 at 7:07 am

    Property Features for 10235 GENERAL Dr 8

    General Information

    Standard status
    Active
    Size
    8,479 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Armando Gonzalez

    Listing agent Armando Gonzalez

    Listing office AG REALTY SERVICES LLC

    Listing date Apr 15, 2026

    Source Elliman

    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 AG REALTY SERVICES LLC

    HighLights

    • Prime location in Orlando's Airport submarket with immediate access to major highways and Orlando International Airport.
    • Currently leased to a national tenant through September 2026, providing immediate and stable cash flow.
    • Significant mark‑to‑market opportunity due to below‑market lease rate.
    • Functional warehouse space (±7,786 SF) with 16–17 ft clear height, two dock‑high doors and secured fenced\/gated configuration.
    • Suitable for both investors and owner‑users, with potential for lease renewal or near‑term occupancy.
    • Concrete block construction built in 1986, with ±646 SF office space.

    Overview

    This 8,479 square foot industrial warehouse condo, featuring approximately 646 square feet of office space and 7,786 square feet of warehouse space, is located in Orlando's Airport submarket. Constructed of concrete block, the building offers 16 to 17 foot clear height and includes two dock-high doors, one of which has a lift. The property is secured with a fenced and gated configuration, making it suitable for logistics, distribution, or service-based operations. The office area comprises a reception area, two private offices, and dual restrooms. The property is currently leased to a national telecommunications infrastructure contractor through September 17, 2026. The location provides immediate access to Florida Turnpike, SR 528 (Beachline Expressway), and SR 417 (Central Florida GreeneWay), and is minutes from Orlando International Airport. The property sits within one of Central Florida’s most active industrial corridors.

    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 $228.9k $27.00
    − Vacancy −$38.9k −$4.59
    EGI $190.0k $22.41
    − OpEx −$47.5k −$5.60
    NOI $142.5k $16.81
    8,479 SF · lease $27.00/SF/yr · vacancy 17.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.04M
    $1.78M – $2.38M (±1% cap)
    NOI $142,511 @ 7.0% cap · market cap 7.50%
    Second Best
    Warehouse
    $821.7K
    $719.0K – $958.6K (±1% cap)
    NOI $57,516 @ 7.0% cap · market cap 3.03%
    Theoretical Best
    Office A
    $2.65M
    $2.32M – $3.10M (±1% cap)
    NOI $185,792 @ 7.0% cap · market cap 9.78%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Pharmcy Pharmacy

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hotel & Motel Pharmacy Skin Care Clinic Gym & Fitness Center Accounting Firm HVAC Service

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

    Similar Places Nearby

    • Systems Services & Warehousing — 603 Central Florida Pkwy, Orlando, FL 32824
    • Warehouse Design Group — 1429 Central Florida Pkwy, Orlando, FL 32837
    • Dpe Self Storage Facility — 901 Central Florida Pkwy, Orlando, FL 32824
    • Advance Group USA Parking and Storage — 10838 S Orange Ave, Orlando, FL 32824
    • Crossdocking & Delivery — 1801 Boice Pond Rd Suite #300, Orlando, FL 32837

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.3865811
    Latitude
    28.417129

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    FAQs

    What type of property is this?
    Warehouse - 8,479 SF warehouse condo, ideal for investors or owner-users.
    Where is this warehouse located?
    The property is located at 10235 GENERAL Dr 8 Orlando, FL.
    What is the asking price?
    The asking price for this property is $1,899,000.
    What are key features of this property?
    This property features: Prime location in Orlando's Airport submarket with immediate access to major highways and Orlando International Airport.; Currently leased to a national tenant through September 2026, providing immediate and stable cash flow.; Significant mark‑to‑market opportunity due to below‑market lease rate.
    (407) 346-6229
    We can help!
    Listing Contact
    Armando Gonzalez
    Learn More
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    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.

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