Historic Multi-Story Office
For Sale
$480,000
1320 Jersey Avenue, Saint Cloud, FL 34769
Historic 1910 office building with multi-level layout, covered entry, and on-site paved parking.
Property Size1,619 SF
Price / SF$296.48
Days on Market135
Property Features for 1320 Jersey Avenue
General Information
Standard status
Active
Size
1,619 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
6
Taxes and HOA fees
Annual Taxes
$3,575
Amenities
Central Air
3
Building Details
Year Built
1910
Stories
3
Listing Agency:
LPT REALTY, LLC.
(877) 366-2213
Listed By:
Sara Edmundson
Source:
Xome
Added: Apr 11
Changed: Aug 23
Last Checked: Aug 22 at 12:19PM
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 LPT REALTY, LLC.
Investment Insights
Based on property information with market context.
This historic 1910 office building has been extensively remodeled and offers a flexible multi-level layout. The first floor includes four private offices plus a full kitchen and restroom. The second floor provides two additional offices and a restroom, while the third floor is an expansive storage area that could support file storage or other back-of-house needs.
The property sits just off Irlo Bronson Memorial Highway (Hwy 192) with strong frontage on Jersey Avenue. A large paved parking lot serves both staff and clients, and a covered front entry supports professional arrival.
Located within about one mile of Orlando Health St. Cloud Hospital, the building is positioned for medical and professional users seeking close proximity to a hospital campus. The exterior includes mature oak trees, contributing to the classic streetscape character.
The property sits just off Irlo Bronson Memorial Highway (Hwy 192) with strong frontage on Jersey Avenue. A large paved parking lot serves both staff and clients, and a covered front entry supports professional arrival.
Located within about one mile of Orlando Health St. Cloud Hospital, the building is positioned for medical and professional users seeking close proximity to a hospital campus. The exterior includes mature oak trees, contributing to the classic streetscape character.
Key Highlights
- Historic 1910 commercial office building with extensively remodeled interior and multi‑level layout
- 2025 roof
- First floor: 4 private offices plus full kitchen and restroom
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
$24,188
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
5.04%
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%
$483,760
$483.8K
Cap Rate 7%
$345,543
$345.5K
Cap Rate 9%
$268,756
$268.8K
Market Conditions
NOI Build-Up for 1,619 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
$38.9K $24.00/SF
− Vacancy
−$6.6K −$4.08/SF
EGI
$32.3K $19.92/SF
− OpEx
−$8.1K −$4.98/SF
NOI
$24.2K $14.94/SF
Area
Osceola 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%
$483,760
Cap Rate 7%
$345,543
Cap Rate 9%
$268,756
Alternative Uses
Best Use
Office B
$345.5K
$302.4K – $403.1K
NOI $24,188 @ 7.0% cap · market cap 5.04%
Second Best
Healthcare Medical
$329.7K
$288.5K – $384.7K
NOI $23,080 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$500.6K
$438.0K – $584.1K
NOI $35,043 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,154
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34769, FL
27,594
Population
11,070
Households
2.5
Avg Household Size
40
Median Age
24%
College-Educated
89%
High-School Grad
10.6 sq mi
ZIP Area
2,603
Density / Sq Mi
$58,764
Median Household Income
$35,776
Median Earnings
$1,400
Median Rent
$271,800
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?
Medical Office Space - Historic 1910 office building with multi-level layout, covered entry, and on-site paved parking.
Where is this medical office space located?
The property is located at 1320 Jersey Avenue Saint Cloud, FL.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Historic 1910 commercial office building with extensively remodeled interior and multi‑level layout; 2025 roof; First floor: 4 private offices plus full kitchen and restroom
