121 S Orange Ave 1450N & 1470N Orlando, FL 32801
Two leased office units in the Plaza Building’s North Tower, offering established space with balconies and conference rooms.
Property Features for 121 S Orange Ave 1450N & 1470N
General Information
- Standard status
- Active
- Size
- 6,401 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing office RE/MAX Direct (754) 368-0783
Listing date Jun 20, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
Both units are leased through 2026–2027. Unit 1450N is leased until March 31, 2027, and Unit 1470N is leased until October 31, 2026. The North Tower setting provides office views into downtown Orlando, including sightlines tied to Lake Eola.
For buyers or operators seeking an office asset with two separate leased spaces and defined interiors, this property offers multiple room types that can support a range of professional office needs, including meeting-focused users. BikeScore, walkScore, and transitScore figures indicate a workable downtown environment for non-driving access, and the sale is presented with a stated 6% cap rate and NOI of $92,377.34.
Key Highlights
- 2007‑built Plaza Building North Tower in downtown Orlando, offering two leased office units totaling 6,401 sq. ft.
- Unit 1450N: 4,538 sq. ft. corner office with balcony overlooking Orange Ave; open layout plus conference rooms, private offices, kitchen and breakroom; leased through Mar 31, 2027.
- Unit 1470N: 1,683 sq. ft. office with double‑door entry; private offices, reception area, breakroom, and conference rooms with floor‑to‑ceiling windows; leased through Oct 31, 2026.
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 | $192.0k | $30.00 |
| − Vacancy | −$32.6k | −$5.10 |
| EGI | $159.4k | $24.90 |
| − OpEx | −$39.8k | −$6.23 |
| NOI | $119.5k | $18.67 |
