Two-Story Professional Office
For Sale
$2,850,000
513 Ariana Avenue AUBURNDALE, Auburndale, FL 33823
Two-story office building with ADA restrooms, private offices, and ample paved parking at a highly visible corner.
Property Size12,637 SF
Lot Size1.84 Acres
Price / SF$417.77
Days on Market50
Property Features for 513 Ariana Avenue AUBURNDALE
General Information
Standard status
Active
Size
12,637 SF
Lot size
1.84 Acres
Zoning
R-3
Taxes and HOA fees
Annual Taxes
$7,887
Amenities
Carpet,Laminate
true
1
Blinds
Public Records
Corner Lot,City Lot,Oversized Lot
Public
1.84
2
false
Ground Level
Paved
Concrete Perimeter
Street Paved,City Street
12637
5
Building Details
Building Size
12,637 SF
Year Built
2005
Buildings
5
Stories
1
Listing Agency:
(904) 569-5862
Listed By:
Tory Atkins
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 5
Changed: Aug 18
Last Checked: Aug 23 at 2:33AM
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 Tory Atkins
Investment Insights
Based on property information with market context.
This two-story professional office building offers a flexible interior layout with multiple private offices, conference rooms, meeting spaces, reception areas, and break rooms. The space also includes collaborative work areas and ADA-compliant restrooms, supporting a range of day-to-day office needs from client-facing operations to internal teams. The property is described as well maintained, with modern interior finishes and updated common areas, providing a turnkey environment for immediate occupancy.
The building sits on approximately 1.84 acres across two parcels, with the primary facility positioned on a highly visible corner location. Ample paved parking supports on-site staff and visitors, and the second parcel adds room for expansion, storage, equipment staging, fleet parking, or future development. The property is conveniently located with easy access to major transportation corridors.
For prospective tenants, buyers, or operators, the configuration is well suited to professional and corporate uses, including engineering or contracting operations, logistics-oriented businesses, and medical office users, along with other commercial enterprises that need dedicated offices, meeting space, and practical parking. Its straightforward office buildout and additional parcel capacity can help accommodate businesses looking to consolidate operations or plan for future site use.
The building sits on approximately 1.84 acres across two parcels, with the primary facility positioned on a highly visible corner location. Ample paved parking supports on-site staff and visitors, and the second parcel adds room for expansion, storage, equipment staging, fleet parking, or future development. The property is conveniently located with easy access to major transportation corridors.
For prospective tenants, buyers, or operators, the configuration is well suited to professional and corporate uses, including engineering or contracting operations, logistics-oriented businesses, and medical office users, along with other commercial enterprises that need dedicated offices, meeting space, and practical parking. Its straightforward office buildout and additional parcel capacity can help accommodate businesses looking to consolidate operations or plan for future site use.
Key Highlights
- Two‑story office building totaling 12,637 SF on approx. 1.84 acres across two parcels
- Corner lot with paved, city street frontage and paved parking (ground level)
- Air conditioning and heating; flooring includes carpet and laminate; window blinds
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
$83,808
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
2.94%
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%
$1,676,160
$1.7M
Cap Rate 7%
$1,197,257
$1.2M
Cap Rate 9%
$931,200
$931.2K
Market Conditions
NOI Build-Up for 6,822 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
$143.3K $21.00/SF
− Vacancy
−$31.5K −$4.62/SF
EGI
$111.7K $16.38/SF
− OpEx
−$27.9K −$4.10/SF
NOI
$83.8K $12.29/SF
Area
Polk County, FL
Vacancy
22.00%
Lease Rate
$21.00 /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%
$1,676,160
Cap Rate 7%
$1,197,257
Cap Rate 9%
$931,200
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,808 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,757 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
Business Placement
Demographics for 33823, FL
33,733
Population
15,383
Households
2.2
Avg Household Size
42
Median Age
17%
College-Educated
86%
High-School Grad
34.9 sq mi
ZIP Area
967
Density / Sq Mi
$64,248
Median Household Income
$39,187
Median Earnings
$1,068
Median Rent
$234,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with ADA restrooms, private offices, and ample paved parking at a highly visible corner.
Where is this office building located?
The property is located at 513 Ariana Avenue AUBURNDALE Auburndale, FL.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Two‑story office building totaling 12,637 SF on approx. 1.84 acres across two parcels; Corner lot with paved, city street frontage and paved parking (ground level); Air conditioning and heating; flooring includes carpet and laminate; window blinds
