Listing Agency: HOME WISE REALTY GROUP, INC. Show Phone

Listed By: Javier Angulo · License #3126031 Show Phone

Source: Exprealty

Added: Jul 8 Changed: Oct 1 Last Checked: Oct 7 at 4:38PM

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Investment Insights

Based on property information with market context.

This 1,741 SF Class B flex space at South Park Business Center combines customer-facing office areas with rear operational space. The interior includes a glass-entry office area, reception space, conference room, private office, bathroom, and finished mezzanine office area. Rear warehouse and storage access is provided through a 10-foot overhead roll-up door.

The property is located at 104-8600 Commodity Cir in Orlando, with access to Interstate 4, Highway 50, U.S. 441, SR 417, the East-West Expressway, and the Beachline Expressway. The surrounding area includes EPIC Universal, the Orange County Convention Center, Universal Orlando, SeaWorld, Florida Mall, Mall at Millenia, hotels, restaurants, financial institutions, high-tech businesses, and industrial centers.

Key Highlights

• 1,741 SF Class B flex space at South Park Business Center
• Glass‑entry office area with reception space and conference room
• Private office, bathroom, and finished mezzanine office space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,513

Cap Rate

5.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$650,260 $650.3K

Cap Rate 7%

$464,471 $464.5K

Cap Rate 9%

$361,256 $361.3K

Market Conditions

NOI Build-Up for 1,741 SF

Gross rent

$52.2K $30.00/SF

− Vacancy

−$8.9K −$5.10/SF

EGI

$43.4K $24.90/SF

− OpEx

−$10.8K −$6.23/SF

NOI

$32.5K $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%

$650,260

Cap Rate 7%

$464,471

Cap Rate 9%

$361,256

Alternative Uses

Best Use

Office B

$464.5K

$406.4K – $541.9K (±1% cap)

NOI $32,513 @ 7.0% cap · market cap 5.00%

Second Best

Warehouse

$168.7K

$147.6K – $196.8K (±1% cap)

NOI $11,810 @ 7.0% cap · market cap 1.82%

Theoretical Best

Office A

$560.8K

$490.7K – $654.3K (±1% cap)

NOI $39,259 @ 7.0% cap · market cap 6.04%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Butcher HVAC Service Pet Grooming Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,324

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 32819, FL

30,857

Population

14,689

Households

2.1

Avg Household Size

40

Median Age

51%

College-Educated

92%

High-School Grad

20.7 sq mi

ZIP Area

1,491

Density / Sq Mi

$94,386

Median Household Income

$47,166

Median Earnings

$1,947

Median Rent

$454,000

Median Home Value

Market

Vacancy Rate% for Office in Orlando, FL

9.5% 2019

11.2% 2020

13.2% 2021

13.7% 2022

15.5% 2023

17% 2024

17.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Office, showroom, storage, and warehouse functions are combined within a versatile business suite.

Where is this flex space located?

The property is located at 104-8600 Commodity Cir Orlando, FL.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: 1,741 SF Class B flex space at South Park Business Center; Glass‑entry office area with reception space and conference room; Private office, bathroom, and finished mezzanine office space