Downtown Office Condos with
121 S Orange Avenue #1450N & 1470N Orlando, FL 32801
121 S Orange Avenue #1450N & 1470N, Orlando, FL, 32801
$1,549,000
For Sale
$1,549,000
Two leased office units in Plaza Building’s North Tower, offering corner and double-door entries and updated interior finishes.
Property Size6,401 SF
Price / SF$241.99
Days on Market16
Property Features for 121 S Orange Avenue #1450N & 1470N
General Information
- Standard status
- Active
- Size
- 6,401 SF
Building Details
- Year Built
- 2007
Listing agency
RE/MAX Direct
(754) 368-0783
Listed by
Carlos Caicedo · License #3097908
(754) 368-0783
Source
Laerrealty
Added: Jul 7 Updated: Jul 8 at 2:38AM Checked: Jul 22 at 2:50AM
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 RE/MAX Direct
Investment Insights
Based on property information with market context.
This offering includes two income-producing office units in the Plaza Building’s North Tower. Unit 1450N spans 4,538 sq. ft. and is a corner suite with a balcony overlooking Orange Ave. The space features an open layout, conference rooms, private offices, a kitchen, and a breakroom, and it is leased through March 31, 2027. Unit 1470N totals 1,683 sq. ft., with a double-door entry and interior improvements including new paint and wood laminate floors. It includes private offices, a reception area, a breakroom, and conference rooms with floor-to-ceiling windows featuring views of downtown Orlando and Lake Eola.
The suites are located at 121 S Orange Avenue in downtown Orlando and are part of the North Tower within the Plaza Building. Both units are currently leased, providing in-place occupancy through their respective lease expiration dates.
For buyers seeking a manageable, cash-flowing office asset with defined unit separation, these two suites offer established tenancy and dedicated space programming. The mix of conference rooms, private offices, reception areas, and breakroom/kitchen elements supports a variety of office users, and the windowed conference spaces and balcony in Unit 1450N add distinguishing amenity value within the office setting.
The suites are located at 121 S Orange Avenue in downtown Orlando and are part of the North Tower within the Plaza Building. Both units are currently leased, providing in-place occupancy through their respective lease expiration dates.
For buyers seeking a manageable, cash-flowing office asset with defined unit separation, these two suites offer established tenancy and dedicated space programming. The mix of conference rooms, private offices, reception areas, and breakroom/kitchen elements supports a variety of office users, and the windowed conference spaces and balcony in Unit 1450N add distinguishing amenity value within the office setting.
Key Highlights
- Two leased office units in Plaza Building North Tower in downtown Orlando
- Total 6,401 sq. ft. of income‑producing office space
- Unit 1450N: 4,538 sq. ft. corner suite with balcony overlooking Orange Ave; leased until March 31, 2027
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 | $192.0k | $30.00 |
| − Vacancy | −$32.6k | −$5.10 |
| EGI | $159.4k | $24.90 |
| − OpEx | −$39.8k | −$6.23 |
| NOI | $119.5k | $18.67 |
6,401 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.71M
$1.49M – $1.99M
NOI $119,539 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.41M
NOI $144,339 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two leased office units in Plaza Building’s North Tower, offering corner and double-door entries and updated interior finishes.
Where is this office units located?
The property is located at 121 S Orange Avenue #1450N & 1470N Orlando, FL.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Two leased office units in Plaza Building North Tower in downtown Orlando; Total 6,401 sq. ft. of income‑producing office space; Unit 1450N: 4,538 sq. ft. corner suite with balcony overlooking Orange Ave; leased until March 31, 2027
