Flex Office Suite with Two
For Sale
$599,000
8615 Commodity Circle, Orlando, FL 32819
Flex office suite with downstairs reception and bathroom, plus two entrances and more than five parking spaces.
Property Size1,567 SF
Price / SF$382.26
Days on Market636
Property Features for 8615 Commodity Circle
General Information
Standard status
Active
Size
1,567 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$15
Amenities
reception area
bathroom
Central Air
3
Building Details
Year Built
2007
Listing Agency:
WRA BUSINESS & REAL ESTATE
(407) 512-1008
Listed By:
Andrea Mendonca · License #3437299
(407) 534-3799
Source:
Xome
Added: Dec 10, 2024
Changed: Sep 1
Last Checked: Sep 7 at 6:24AM
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 WRA BUSINESS & REAL ESTATE
Investment Insights
Based on property information with market context.
The Preserve offers flex office space with a downstairs reception area and bathroom. The suite is configured for professional use within a modern, sleek office park environment and includes more than five parking spaces and two entrances for convenient arrival.
Located in Orlando’s southwest quadrant, the property is about 5 minutes from EPIC UNIVERSAL and close to John Young Parkway and Sand Lake Road. The center provides easy access to major regional roadways, including Interstate 4, Highway 50, U.S. 441/417, the East-West Expressway, and the Beach Line Expressway.
This location and accessibility support day-to-day convenience for clients and staff across the central Florida area.
Located in Orlando’s southwest quadrant, the property is about 5 minutes from EPIC UNIVERSAL and close to John Young Parkway and Sand Lake Road. The center provides easy access to major regional roadways, including Interstate 4, Highway 50, U.S. 441/417, the East-West Expressway, and the Beach Line Expressway.
This location and accessibility support day-to-day convenience for clients and staff across the central Florida area.
Key Highlights
- Flex office suite built in 2007 with central air cooling
- Downstairs reception area and downstairs bathroom
- 3 guest facilities
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
$29,264
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
4.89%
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%
$585,280
$585.3K
Cap Rate 7%
$418,057
$418.1K
Cap Rate 9%
$325,156
$325.2K
Market Conditions
NOI Build-Up for 1,567 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
$47.0K $30.00/SF
− Vacancy
−$8.0K −$5.10/SF
EGI
$39.0K $24.90/SF
− OpEx
−$9.8K −$6.23/SF
NOI
$29.3K $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%
$585,280
Cap Rate 7%
$418,057
Cap Rate 9%
$325,156
Alternative Uses
Best Use
Office B
$418.1K
$365.8K – $487.7K
NOI $29,264 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$504.8K
$441.7K – $588.9K
NOI $35,335 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,574
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 - Flex office suite with downstairs reception and bathroom, plus two entrances and more than five parking spaces.
Where is this office units located?
The property is located at 8615 Commodity Circle Orlando, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Flex office suite built in 2007 with central air cooling; Downstairs reception area and downstairs bathroom; 3 guest facilities
