Warehouse Office Unit with Dock
For Sale
$900,000
4333 Silver Star Road Unit 13, Orlando, FL 32808
Two-story warehouse office includes a large warehouse with dock high bay doors and 22' to 24' ceilings.
Property Size3,650 SF
Price / SF$246.58
Days on Market995
Property Features for 4333 Silver Star Road Unit 13
General Information
Standard status
Active
Size
3,650 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
24 ft
Dock-High Doors
2
Additional Details
Highway Access
Yes
Building Details
Year Built
2003
Construction
tilt wall
Listing Agency:
SOLARE REALTY LLC
(321) 247-7765
Listed By:
Nivea Coutinho · License #3118815
Source:
Realtygroupfl
Added: Dec 5, 2023
Changed: Aug 24
Last Checked: Aug 25 at 9:05AM
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 SOLARE REALTY LLC
Investment Insights
Based on property information with market context.
This warehouse office unit for sale features a two-story office component paired with a large warehouse area. The warehouse includes 2 dock high bay doors and clear ceiling height of approximately 22' to 24', providing usable flexibility for storage or light operations. Construction is described as tilt wall.
The property is listed as being conveniently located near John Young Parkway, SR 408, I-4, Orange Blossom Trail, and SR 50.
The unit is tenant occupied until 2028, which should be considered when planning for ownership and transition timing.
The property is listed as being conveniently located near John Young Parkway, SR 408, I-4, Orange Blossom Trail, and SR 50.
The unit is tenant occupied until 2028, which should be considered when planning for ownership and transition timing.
Key Highlights
- Warehouse/office built in 2003 with two‑story office layout
- 1,115 SF two‑story office space
- Large warehouse with 2 dock high bay doors
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
$68,164
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
7.57%
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%
$1,363,280
$1.4M
Cap Rate 7%
$973,771
$973.8K
Cap Rate 9%
$757,378
$757.4K
Market Conditions
NOI Build-Up for 3,650 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
$109.5K $30.00/SF
− Vacancy
−$18.6K −$5.10/SF
EGI
$90.9K $24.90/SF
− OpEx
−$22.7K −$6.23/SF
NOI
$68.2K $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 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%
$1,363,280
Cap Rate 7%
$973,771
Cap Rate 9%
$757,378
Alternative Uses
Best Use
Office B
$973.8K
$852.1K – $1.14M
NOI $68,164 @ 7.0% cap · market cap 7.57%
Second Best
Warehouse
$353.7K
$309.5K – $412.7K
NOI $24,759 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,305 @ 7.0% cap · market cap 9.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
2
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32808, FL
52,551
Population
21,291
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
78%
High-School Grad
11.9 sq mi
ZIP Area
4,416
Density / Sq Mi
$47,575
Median Household Income
$31,180
Median Earnings
$1,375
Median Rent
$218,600
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-story warehouse office includes a large warehouse with dock high bay doors and 22' to 24' ceilings.
Where is this flex space located?
The property is located at 4333 Silver Star Road Unit 13 Orlando, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Warehouse/office built in 2003 with two‑story office layout; 1,115 SF two‑story office space; Large warehouse with 2 dock high bay doors
