Renovated Freestanding Office
For Sale
Contact for pricing
2200 N Park Ave, Winter Park, FL 32789
Renovated freestanding office building with monument signage and ample parking, including five covered spaces.
Property Size10,000 SF
Price / SF$492.50
Days on Market749
Property Features for 2200 N Park Ave
General Information
Standard status
Active
Size
10,000 SF
Property subtype
OFFICE
Listing Agency:
City Commercial
(407) 644-2489
Listed By:
Lee Zerivitz
(407) 929-3598
Source:
Moodyscre
Added: Oct 16, 2024
Changed: Oct 26
Last Checked: Nov 1 at 8:36AM
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 City Commercial
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Investment Insights
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This renovated, freestanding office building offers a modern, contemporary work environment in a compact 10,000 SF footprint. The property includes monument signage and on-site parking designed to support day-to-day employee and visitor access, with ample parking exceeding 4 spaces per 1,000 SF plus a bonus of five covered parking spaces.
Located at 2200 N Park Ave in Winter Park, Florida, the building benefits from being positioned as the only 10,000 SF free-standing office option noted as available in WP. The configuration and parking amenities make it well suited for tenants seeking a standalone office presence with straightforward arrival and access.
For buyers evaluating a small-footprint office asset, this offering centers on a renovated building exterior and work-ready environment supported by practical parking capacity, including covered stalls.
Located at 2200 N Park Ave in Winter Park, Florida, the building benefits from being positioned as the only 10,000 SF free-standing office option noted as available in WP. The configuration and parking amenities make it well suited for tenants seeking a standalone office presence with straightforward arrival and access.
For buyers evaluating a small-footprint office asset, this offering centers on a renovated building exterior and work-ready environment supported by practical parking capacity, including covered stalls.
Key Highlights
- Renovated 10,000 SF freestanding office building in WP
- Modern and contemporary renovation
- Ample parking at over 4/1,000, plus 5 covered parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,400
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,988,000
$3.0M
Cap Rate 7%
$2,134,286
$2.1M
Cap Rate 9%
$1,660,000
$1.7M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$240.0K $24.00/SF
− Vacancy
−$40.8K −$4.08/SF
EGI
$199.2K $19.92/SF
− OpEx
−$49.8K −$4.98/SF
NOI
$149.4K $14.94/SF
Area
Orange 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 Rate 5%
$2,988,000
Cap Rate 7%
$2,134,286
Cap Rate 9%
$1,660,000
Alternative Uses
Best Use
Office B
$2.13M
$1.87M – $2.49M
NOI $149,400 @ 7.0% cap · market cap 3.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,200 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,522
Businesses Nearby
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Business Placement
Demographics for 32789, FL
26,399
Population
12,945
Households
2
Avg Household Size
44
Median Age
63%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
3,384
Density / Sq Mi
$100,213
Median Household Income
$65,652
Median Earnings
$1,667
Median Rent
$695,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Renovated freestanding office building with monument signage and ample parking, including five covered spaces.
Where is this office building located?
The property is located at 2200 N Park Ave Winter Park, FL.
What is the asking price?
The asking price for this property is $4,925,000.
What are key features of this property?
This property features: Renovated 10,000 SF freestanding office building in WP; Modern and contemporary renovation; Ample parking at over 4/1,000, plus 5 covered parking spaces
