Two-Story Office Building with
For Sale
$875,000
131 W BROADWAY St 1001, Oviedo, FL 32765
Two-story office building with two upstairs suites, each with a bathroom, and parking for 10 vehicles.
Property Size2,840 SF
Lot Size0.24 Acres
Price / SF$291.67
Days on Market101
Property Features for 131 W BROADWAY St 1001
General Information
Standard status
Active
Size
2,840 SF
Total Parking Spaces
10
Lot size
0.24 Acres
Property subtype
Commercial
Zoning
MUD-HDC
Taxes and HOA fees
Annual Taxes
$5,302
Building Details
Building Size
2,840 SF
Year Built
1986
Stories
2
Tenancy
Multi
Listing Agency:
Selective Realty Group
(407) 579-3434
Listed By:
Jack Luiz · License #581277
(407) 579-3434
Source:
Elliman
Added: May 20
Changed: Aug 17
Last Checked: Aug 26 at 10:55AM
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 Selective Realty Group
Investment Insights
Based on property information with market context.
This two-story office building offers 3,000 square feet of income-producing space with tenants in place. The first floor is configured with two separate entrances, while the upper level is divided into two separate suites, and each suite includes its own bathroom. The property is zoned MUD-HDC office commercial, which allows most office and commercial uses.
Located at 131 W Broadway St 1001 in Oviedo, the building provides parking for 10 spaces. The property has received recent updates including a new roof, city water, a newer water heater, and a newer A/C unit.
Downstairs totals 1,500 square feet and upstairs totals 1,500 square feet, supporting a flexible internal layout for an owner-operator or an investor seeking continued in-place tenancy.
Located at 131 W Broadway St 1001 in Oviedo, the building provides parking for 10 spaces. The property has received recent updates including a new roof, city water, a newer water heater, and a newer A/C unit.
Downstairs totals 1,500 square feet and upstairs totals 1,500 square feet, supporting a flexible internal layout for an owner-operator or an investor seeking continued in-place tenancy.
Key Highlights
- Two‑story office building built in 1986 with 3,000 SF on a 0.24‑acre lot
- Upstairs features two separate suites, and each suite includes its own bathroom
- Downstairs offers two separate entrances
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
$44,820
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
5.12%
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%
$896,400
$896.4K
Cap Rate 7%
$640,286
$640.3K
Cap Rate 9%
$498,000
$498.0K
Market Conditions
NOI Build-Up for 3,000 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
$72.0K $24.00/SF
− Vacancy
−$12.2K −$4.08/SF
EGI
$59.8K $19.92/SF
− OpEx
−$14.9K −$4.98/SF
NOI
$44.8K $14.94/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$24.00 /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%
$896,400
Cap Rate 7%
$640,286
Cap Rate 9%
$498,000
Alternative Uses
Best Use
Office B
$640.3K
$560.3K – $747.0K
NOI $44,820 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$853.7K
$747.0K – $996.0K
NOI $59,760 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
Explore this area
Business Placement
Demographics for 32765, FL
65,228
Population
23,389
Households
2.8
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
39.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$99,161
Median Household Income
$48,595
Median Earnings
$1,870
Median Rent
$418,600
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 two upstairs suites, each with a bathroom, and parking for 10 vehicles.
Where is this office building located?
The property is located at 131 W BROADWAY St 1001 Oviedo, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑story office building built in 1986 with 3,000 SF on a 0.24‑acre lot; Upstairs features two separate suites, and each suite includes its own bathroom; Downstairs offers two separate entrances
