Live-Work Property with Rental
For Sale
$1,149,000
Pending
1420 LAKE BALDWIN, Orlando, FL 32814
Two-story residence combines upgraded interiors with a rented studio apartment and separately leased professional office.
Property Size3,150 SF
Days on Market9
Property Features for 1420 LAKE BALDWIN
General Information
Standard status
Pending
Size
3,150 SF
Property subtype
Commercial
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$14,105
Building Details
Building Size
3,150 SF
Year Built
2007
Tenancy
Single
Listing Agency:
(321) 438-8020
Listed By:
Gary Quick
(321) 438-8020
Source:
Elliman
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 25 at 9:26AM
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 Gary Quick
Investment Insights
Based on property information with market context.
This live-work property combines a two-story townhome, a separate studio garage apartment, and a commercial office. The residence includes 3 bedrooms, 2.5 bathrooms, hardwood flooring in the bedrooms and upstairs areas, tile flooring on the main level, updated cabinetry, new appliances, a built-in workstation, laundry room, storage, and an attached two-car garage. The primary suite includes dual walk-in closets and an en-suite bathroom with a walk-in shower, soaking tub, and private water closet. Two additional bedrooms open to private balconies.
The studio apartment is rented and includes a walk-in closet plus one assigned parking space. The leased commercial office provides handicap, private, and street access, with two large offices, a reception area, and a half bath. Entry is available from the courtyard and sidewalk. The office is located along Lake Baldwin Lane near established businesses. Baldwin Park provides access to restaurants, shops, services, Publix, parks, pools, fitness centers, a dog park, and Lake Baldwin. Downtown Orlando and Winter Park are minutes away.
A new roof was installed in 2026, while the HOA completed exterior painting in 2024 and maintains the courtyard and landscaping. BikeScore is 58, WalkScore is 86, and TransitScore is 25.
The studio apartment is rented and includes a walk-in closet plus one assigned parking space. The leased commercial office provides handicap, private, and street access, with two large offices, a reception area, and a half bath. Entry is available from the courtyard and sidewalk. The office is located along Lake Baldwin Lane near established businesses. Baldwin Park provides access to restaurants, shops, services, Publix, parks, pools, fitness centers, a dog park, and Lake Baldwin. Downtown Orlando and Winter Park are minutes away.
A new roof was installed in 2026, while the HOA completed exterior painting in 2024 and maintains the courtyard and landscaping. BikeScore is 58, WalkScore is 86, and TransitScore is 25.
Key Highlights
- Three leased components: a 3‑bedroom townhome, studio garage apartment, and commercial office
- Two‑story townhome with 3 bedrooms, 2.5 bathrooms, and an attached two‑car garage
- Commercial office includes two large offices, reception area, half bath, and sidewalk access
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
$58,826
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%
$1,176,520
$1.2M
Cap Rate 7%
$840,371
$840.4K
Cap Rate 9%
$653,622
$653.6K
Market Conditions
NOI Build-Up for 3,150 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
$94.5K $30.00/SF
− Vacancy
−$16.1K −$5.10/SF
EGI
$78.4K $24.90/SF
− OpEx
−$19.6K −$6.23/SF
NOI
$58.8K $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%
$1,176,520
Cap Rate 7%
$840,371
Cap Rate 9%
$653,622
Alternative Uses
Best Use
Office B
$840.4K
$735.3K – $980.4K
NOI $58,826 @ 7.0% cap · market cap 5.12%
Second Best
Mixed Use
$594.0K
$519.8K – $693.0K
NOI $41,580 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.01M
$887.9K – $1.18M
NOI $71,031 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
Explore this area
Business Placement
Demographics for 32814, FL
9,218
Population
4,533
Households
2
Avg Household Size
35
Median Age
81%
College-Educated
100%
High-School Grad
1.2 sq mi
ZIP Area
7,682
Density / Sq Mi
$129,712
Median Household Income
$67,578
Median Earnings
$2,224
Median Rent
$751,400
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?
Live-work space - Two-story residence combines upgraded interiors with a rented studio apartment and separately leased professional office.
Where is this live-work space located?
The property is located at 1420 LAKE BALDWIN Orlando, FL.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Three leased components: a 3‑bedroom townhome, studio garage apartment, and commercial office; Two‑story townhome with 3 bedrooms, 2.5 bathrooms, and an attached two‑car garage; Commercial office includes two large offices, reception area, half bath, and sidewalk access
