Office Units with Corner
For Sale
$1,549,000
121 S Orange Avenue 1450n & 1470n, Orlando, FL 32801
Two leased office suites provide private offices, conference rooms, kitchen and breakroom areas in a multi-tenant tower setting.
Property Size6,401 SF
Price / SF$241.99
Days on Market92
Property Features for 121 S Orange Avenue 1450n & 1470n
General Information
Standard status
Active
Size
6,401 SF
Net Operating Income
$92,377
Additional Details
Cap Rate
6%
Office Units
2
Building Details
Year Built
2007
Tenancy
Multi
Owner Occupied
No
Listing Agency:
RE/MAX Direct
Listed By:
Carlos A. Caicedo · License #3097908
(754) 368-0783
Source:
Thepennteam
Added: Jul 18
Changed: Oct 17
Last Checked: Oct 7 at 5:30PM
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 RE/MAX Direct
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Investment Insights
Based on property information with market context.
This offering includes two office units totaling 6,401 square feet within the Plaza Building’s North Tower. The 4,538-square-foot corner unit has an open plan, conference rooms, private offices, a kitchen, a breakroom, and a balcony oriented toward Orange Avenue. Its lease runs through March 31, 2027. The 1,683-square-foot companion suite includes a double-door entrance, reception area, private offices, breakroom, conference rooms with floor-to-ceiling windows, new paint, and wood laminate flooring. The lease term extends through October 31, 2026.
Built in 2007, the property is located at 121 S Orange Avenue in Orlando. Window lines in the smaller suite provide views toward downtown Orlando and Lake Eola. The stated cap rate is 6%.
Built in 2007, the property is located at 121 S Orange Avenue in Orlando. Window lines in the smaller suite provide views toward downtown Orlando and Lake Eola. The stated cap rate is 6%.
Key Highlights
- Two office units totaling 6,401 square feet
- 4,538‑square‑foot corner office with balcony and open layout
- 1,683‑square‑foot suite with reception area and double‑door entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,539
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,390,780
$2.4M
Cap Rate 7%
$1,707,700
$1.7M
Cap Rate 9%
$1,328,211
$1.3M
Market Conditions
NOI Build-Up for 6,401 SF
Gross rent
$192.0K $30.00/SF
− Vacancy
−$32.6K −$5.10/SF
EGI
$159.4K $24.90/SF
− OpEx
−$39.8K −$6.23/SF
NOI
$119.5K $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%
$2,390,780
Cap Rate 7%
$1,707,700
Cap Rate 9%
$1,328,211
Alternative Uses
Best Use
Office B
$1.71M
$1.49M – $1.99M
NOI $119,539 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.41M
NOI $144,339 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,933
Businesses Nearby
Explore this area
Business Placement
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Office units - Two leased office suites provide private offices, conference rooms, kitchen and breakroom areas in a multi-tenant tower setting.
Where is this office units located?
The property is located at 121 S Orange Avenue 1450n & 1470n Orlando, FL.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Two office units totaling 6,401 square feet; 4,538‑square‑foot corner office with balcony and open layout; 1,683‑square‑foot suite with reception area and double‑door entry
