121 S Orange Avenue #1450N & 1470N Orlando, FL 32801
Two leased office units in Plaza Building’s North Tower, offering corner and double-door entries and updated interior finishes.
Property Features for 121 S Orange Avenue #1450N & 1470N
General Information
- Standard status
- Active
- Size
- 6,401 SF
Building Details
- Year Built
- 2007
Listing office RE/MAX Direct (754) 368-0783
Listing date Jul 7, 2026
Source Laerrealty
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
Investment Insights
Based on property information with market context.
The suites are located at 121 S Orange Avenue in downtown Orlando and are part of the North Tower within the Plaza Building. Both units are currently leased, providing in-place occupancy through their respective lease expiration dates.
For buyers seeking a manageable, cash-flowing office asset with defined unit separation, these two suites offer established tenancy and dedicated space programming. The mix of conference rooms, private offices, reception areas, and breakroom/kitchen elements supports a variety of office users, and the windowed conference spaces and balcony in Unit 1450N add distinguishing amenity value within the office setting.
Key Highlights
- Two leased office units in Plaza Building North Tower in downtown Orlando
- Total 6,401 sq. ft. of income‑producing office space
- Unit 1450N: 4,538 sq. ft. corner suite with balcony overlooking Orange Ave; leased until March 31, 2027
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 |
