Prime Orlando Commercial
For Sale
Contact for pricing
2008 N Orange Ave, Orlando, FL
Three buildings with frontage on Orange Avenue in Health Village.
Property Size6,631 SF
Lot Size0.55 Acres
Price / SF$648.47
Days on Market514
Property Features for 2008 N Orange Ave
General Information
Standard status
Active
Size
6,631 SF
Lot size
0.55 Acres
Property subtype
RETAIL
Listing Agency:
Garito & Company
(407) 777-9660
Listed By:
Timothy Garito · License #BK3412595
Source:
Moodyscre
Added: Apr 21, 2025
Changed: Sep 10
Last Checked: Sep 15 at 10:40AM
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 Garito & Company
Investment Insights
Based on property information with market context.
This property features three buildings with direct frontage on Orange Avenue, situated just off Princeton Avenue in the heart of "Health Village." The location is suitable for an entertainment, retail, or medical professional user or investor. The property offers multiple uses, including entertainment, retail, office, or multi-family. The combined property size is 6,631 square feet. The buildings can be purchased separately or in total.
Key Highlights
- Prime location in the heart of “Health Village”
- Priced significantly under market value; great deal for investment property
- Multiple uses for the property – entertainment, retail, office or multi‑family
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$130,212
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,604,240
$2.6M
Cap Rate 7%
$1,860,171
$1.9M
Cap Rate 9%
$1,446,800
$1.4M
Market Conditions
NOI Build-Up for 6,631 SF
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.
Gross rent
$192.6K $29.04/SF
− Vacancy
−$6.5K −$0.99/SF
EGI
$186.0K $28.05/SF
− OpEx
−$55.8K −$8.42/SF
NOI
$130.2K $19.64/SF
Area
Orlando, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,604,240
Cap Rate 7%
$1,860,171
Cap Rate 9%
$1,446,800
Alternative Uses
Best Use
Retail
$1.86M
$1.63M – $2.17M
NOI $130,212 @ 7.0% cap · market cap 3.03%
Second Best
Office B
$1.77M
$1.55M – $2.06M
NOI $123,834 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,525 @ 7.0% cap · market cap 3.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,923
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Orlando, FL
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Frequently Asked Questions
What type of property is this?
Retail space - Three buildings with frontage on Orange Avenue in Health Village.
Where is this retail space located?
The property is located at 2008 N Orange Ave Orlando, FL.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Prime location in the heart of “Health Village”; Priced significantly under market value; great deal for investment property; Multiple uses for the property – entertainment, retail, office or multi‑family
