Prime Orlando Office Space
For Sale
$999,999
7350 FUTURES DRIVE 18, Orlando, FL 32819
Office space with utilities included, near attractions and airport.
Property Size2,273 SF
Lot Size0.05 Acres
Price / SF$439.95
Days on Market680
Property Features for 7350 FUTURES DRIVE 18
General Information
Standard status
Active
Size
2,273 SF
Lot size
0.05 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$5,532
Building Details
Year Built
2007
Listing Agency:
LPT REALTY, LLC
(407) 394-4207
Listed By:
Ninoska Stilp · License #3540570
(407) 394-4207
Source:
Exitrealty
Added: Oct 19, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:25AM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
Office space is currently available, featuring 11 small offices and access to shared areas. These areas include a reception/waiting area, a break room, and two restrooms. Utilities and high-speed internet are included. The property is located off John Young Parkway and Destination Parkway, providing access to the Orlando Convention Center, International Drive, Universal Blvd, Beach Line 528, and I-4. Orlando International Airport and downtown are located nearby. The property is surrounded by hotels and is near Universal's upcoming Epic Universe theme park, as well as gas stations and restaurants. This location is suitable for business operations.
Key Highlights
- Prime location off John Young Parkway and Destination Parkway, near Orlando Convention Center, International Drive, Universal Blvd, Beach Line 528, and I‑4.
- Includes 11 small offices with access to shared reception/waiting area, break room, and two restrooms.
- Utilities and high‑speed internet are fully covered.
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
$42,448
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
4.24%
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%
$848,960
$849.0K
Cap Rate 7%
$606,400
$606.4K
Cap Rate 9%
$471,644
$471.6K
Market Conditions
NOI Build-Up for 2,273 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
$68.2K $30.00/SF
− Vacancy
−$11.6K −$5.10/SF
EGI
$56.6K $24.90/SF
− OpEx
−$14.1K −$6.23/SF
NOI
$42.4K $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%
$848,960
Cap Rate 7%
$606,400
Cap Rate 9%
$471,644
Alternative Uses
Best Use
Office B
$606.4K
$530.6K – $707.5K
NOI $42,448 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$732.2K
$640.7K – $854.3K
NOI $51,255 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,161
Businesses Nearby
Explore this area
Business Placement
Demographics for 32819, FL
30,857
Population
14,689
Households
2.1
Avg Household Size
40
Median Age
51%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,491
Density / Sq Mi
$94,386
Median Household Income
$47,166
Median Earnings
$1,947
Median Rent
$454,000
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?
Office units - Office space with utilities included, near attractions and airport.
Where is this office units located?
The property is located at 7350 FUTURES DRIVE 18 Orlando, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Prime location off John Young Parkway and Destination Parkway, near Orlando Convention Center, International Drive, Universal Blvd, Beach Line 528, and I‑4.; Includes 11 small offices with access to shared reception/waiting area, break room, and two restrooms.; Utilities and high‑speed internet are fully covered.
