Industrial Warehouse
For Sale
$1,599,000
10235 GENERAL DRIVE, Orlando, FL 32824
Concrete-block warehouse with dock access, office buildout, fenced security, and connections to major Orlando-area routes.
Property Size8,479 SF
Price / SF$188.58
Days on Market147
Property Features for 10235 GENERAL DRIVE
General Information
Standard status
Active
Size
8,479 SF
Property subtype
Business Opportunities
Taxes and HOA fees
Annual Taxes
$12,599
Amenities
3
Corner Lot.
Security Lighting. Corner, Industrial Area, Oversized Lot, County Road, Asphalt, Paved Road.
Building Details
Year Built
1986
Stories
1
Listing Agency:
AG REALTY SERVICES LLC
(407) 374-7295
Listed By:
Armando Gonzalez
Source:
Xome
Added: Apr 6
Changed: Aug 21
Last Checked: Aug 29 at 7:40AM
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 AG REALTY SERVICES LLC
Investment Insights
Based on property information with market context.
This 8,479-square-foot industrial warehouse condo was built in 1986 with concrete-block construction and a functional combination of office and warehouse space. The office area includes a reception space, two private offices, and two restrooms. Warehouse improvements include 17-foot clear height, two dock-high doors, including one equipped with a lift, and a secured fenced and gated configuration. Electrical service includes phase 3 and three switches with capacity of up to 200 amps and 240 volts each.
The property is currently leased to a national telecommunications infrastructure contractor through October 31, 2026. Its Orlando location provides immediate access to the Florida Turnpike, SR 528, and SR 417, with Orlando International Airport minutes away. The site is identified as a corner lot within an industrial area and includes security lighting, asphalt, and paved-road access.
The property is currently leased to a national telecommunications infrastructure contractor through October 31, 2026. Its Orlando location provides immediate access to the Florida Turnpike, SR 528, and SR 417, with Orlando International Airport minutes away. The site is identified as a corner lot within an industrial area and includes security lighting, asphalt, and paved-road access.
Key Highlights
- 8,479 SF industrial warehouse condo built in 1986
- 17 ft clear height with two dock‑high doors, including one with lift
- Office buildout includes reception area, two private offices, and dual restrooms
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
$57,516
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
3.60%
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%
$1,150,320
$1.2M
Cap Rate 7%
$821,657
$821.7K
Cap Rate 9%
$639,067
$639.1K
Market Conditions
NOI Build-Up for 8,479 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
$74.3K $8.76/SF
− Vacancy
−$6.6K −$0.78/SF
EGI
$67.7K $7.98/SF
− OpEx
−$10.1K −$1.20/SF
NOI
$57.5K $6.78/SF
Area
ZIP 32824
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
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%
$1,150,320
Cap Rate 7%
$821,657
Cap Rate 9%
$639,067
Alternative Uses
Best Use
Warehouse
$821.7K
$719.0K – $958.6K
NOI $57,516 @ 7.0% cap · market cap 3.60%
Second Best
Industrial
$676.7K
$592.1K – $789.4K
NOI $47,366 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,792 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32824, FL
57,412
Population
20,453
Households
2.8
Avg Household Size
36
Median Age
34%
College-Educated
90%
High-School Grad
33.5 sq mi
ZIP Area
1,714
Density / Sq Mi
$80,177
Median Household Income
$35,897
Median Earnings
$1,759
Median Rent
$354,200
Median Home Value
Market
Vacancy Rate% for Industrial in Orlando, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Warehouse Design Group — 1429 Central Florida Pkwy, Orlando, FL 32837
- Dpe Self Storage Facility — 901 Central Florida Pkwy, Orlando, FL 32824
- Systems Services & Warehousing — 603 Central Florida Pkwy, Orlando, FL 32824
- Advance Group USA Parking and Storage — 10838 S Orange Ave, Orlando, FL 32824
- Crossdocking & Delivery — 1801 Boice Pond Rd Suite #300, Orlando, FL 32837
Frequently Asked Questions
What type of property is this?
Warehouse - Concrete-block warehouse with dock access, office buildout, fenced security, and connections to major Orlando-area routes.
Where is this warehouse located?
The property is located at 10235 GENERAL DRIVE Orlando, FL.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 8,479 SF industrial warehouse condo built in 1986; 17 ft clear height with two dock‑high doors, including one with lift; Office buildout includes reception area, two private offices, and dual restrooms
