Renovated Office Building For
701 E SOUTH St Orlando, FL 32801
701 E SOUTH St, Orlando, FL, 32801
$2,450,000
For Sale
$2,450,000
Government-tenanted, renovated office building with long-term investment potential.
Property Size10,000 SF
Lot Size0.62 Acres
Price / SF$245
Days on Market134
Property Features for 701 E SOUTH St
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.62 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing agency
Dover International Company, Inc.
(407) 488-7236
Listed by
Kimberly Robinson · License #BK3113676
(407) 488-7236
Source
Elliman
Added: Mar 11 Updated: Jul 6 at 12:04PM Checked: Jul 21 at 5:36AM
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 Dover International Company, Inc.
Investment Insights
Based on property information with market context.
This renovated property presents an investment opportunity with a long-term governmental tenant. The building has undergone renovations, including fresh exterior and interior paint and updated restrooms. The office and conference room layouts have been reconfigured, and a new security system has been installed. New galvanized steel stairs have been added, and the lighting has been transitioned from fluorescent to LED, reducing energy costs. The property encompasses approximately 10,000 square feet of usable space and consists of two units that integrate. An elevator and multiple stairways provide access to a versatile layout, including conference rooms, private offices, partitioned spaces, staff lounges, and restrooms on each floor.
Key Highlights
- Long‑term governmental tenant in place.
- Meticulously renovated with fresh paint, updated restrooms, and reconfigured office spaces.
- Approximately 10,000 square feet of prime usable space.
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 | $300.0k | $30.00 |
| − Vacancy | −$51.0k | −$5.10 |
| EGI | $249.0k | $24.90 |
| − OpEx | −$62.3k | −$6.23 |
| NOI | $186.8k | $18.67 |
10,000 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.67M
$2.33M – $3.11M
NOI $186,750 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.22M
$2.82M – $3.76M
NOI $225,494 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Preferred Benefits Consultants
Insurance Agency
Mount Pleasant Baptist ...
Church
Power Praise & Deliverance
Church
Representative Scott Randolph
State Government Office
Ltf Solutions, llc
Consultant
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FAQs
What type of property is this?
1031 exchange property - Government-tenanted, renovated office building with long-term investment potential.
Where is this 1031 exchange property located?
The property is located at 701 E SOUTH St Orlando, FL.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Long‑term governmental tenant in place.; Meticulously renovated with fresh paint, updated restrooms, and reconfigured office spaces.; Approximately 10,000 square feet of prime usable space.
