Fully Leased Office
New
For Sale
$590,000
36 S SEMORAN, Orlando, FL 32807
Multi-office building with private parking and several access points near major transportation connections.
Property Size2,144 SF
Days on Market2
Property Features for 36 S SEMORAN
General Information
Standard status
Active
Size
2,144 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,575
Building Details
Building Size
2,144 SF
Year Built
1954
Tenancy
Multi
Owner Occupied
No
Listing Agency:
(407) 758-2765
Listed By:
Stephanie Chandrasekaran
(407) 758-2765
Source:
Elliman
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 5:06AM
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 Stephanie Chandrasekaran
Investment Insights
Based on property information with market context.
Located at 36 S Semoran Blvd in Orlando, this office property was built in 1954 and is configured with multiple private offices. The building includes private parking and several points of entry, supporting flexible circulation for occupants and visitors. The property is currently leased to three tenants, providing an established occupancy profile for an investor or an owner-user evaluating future flexibility.
The property sits near the Semoran Boulevard and 408 connection, placing it within an established transportation corridor. WalkScore is 50, BikeScore is 49, and TransitScore is 36. The existing office layout and access configuration provide the primary physical characteristics of the asset.
The property sits near the Semoran Boulevard and 408 connection, placing it within an established transportation corridor. WalkScore is 50, BikeScore is 49, and TransitScore is 36. The existing office layout and access configuration provide the primary physical characteristics of the asset.
Key Highlights
- Currently leased to three tenants
- Multiple private offices within the building
- Private parking included
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
$42,101
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
7.14%
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%
$842,020
$842.0K
Cap Rate 7%
$601,443
$601.4K
Cap Rate 9%
$467,789
$467.8K
Market Conditions
NOI Build-Up for 2,144 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
$62.3K $29.04/SF
− Vacancy
−$2.1K −$0.99/SF
EGI
$60.1K $28.05/SF
− OpEx
−$18.0K −$8.42/SF
NOI
$42.1K $19.64/SF
Area
Orlando, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
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%
$842,020
Cap Rate 7%
$601,443
Cap Rate 9%
$467,789
Alternative Uses
Best Use
Retail
$601.4K
$526.3K – $701.7K
NOI $42,101 @ 7.0% cap · market cap 7.14%
Second Best
Office B
$572.0K
$500.5K – $667.3K
NOI $40,039 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$690.7K
$604.3K – $805.8K
NOI $48,346 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Explore this area
Business Placement
Demographics for 32807, FL
34,384
Population
13,906
Households
2.5
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
8.4 sq mi
ZIP Area
4,093
Density / Sq Mi
$59,583
Median Household Income
$32,667
Median Earnings
$1,471
Median Rent
$247,700
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 - Multi-office building with private parking and several access points near major transportation connections.
Where is this office units located?
The property is located at 36 S SEMORAN Orlando, FL.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Currently leased to three tenants; Multiple private offices within the building; Private parking included
