Corner Mixed-Use
New
For Sale
$695,000
112 PASADENA, Orlando, FL 32803
Multi-level layout supports office operations, owner occupancy, and additional leasing flexibility.
Property Size3,048 SF
Days on Market2
Property Features for 112 PASADENA
General Information
Standard status
Active
Size
3,048 SF
Total Parking Spaces
8
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,974
Amenities
reception area
waiting area
conference room
kitchen with eating area
laundry area
Building Details
Building Size
3,048 SF
Year Built
1926
Listed By:
Jenn Turner · License #294006
(407) 748-5394
Source:
Elliman
Added: Sep 4
Last Checked: Sep 4 at 2:45PM
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 Jenn Turner
Investment Insights
Based on property information with market context.
Built in 1926, this multi-level mixed-use property is arranged for professional office use with approximately nine private offices and additional open areas. The interior includes a reception area, waiting area, conference room, kitchen with eating area, laundry area, and storage. The configuration can support business operations on one level while another level is used or leased separately, subject to applicable requirements.
The property occupies the corner of Magnolia Avenue and Pasadena Place at 112 PASADENA, Orlando, FL 32803, with access to the I-4 on-ramp. Parking includes approximately 7–8 spaces behind the building, supplemented by street parking. Electrical wiring was updated in 2003. WalkScore is 88, BikeScore is 82, and TransitScore is 32.
The property occupies the corner of Magnolia Avenue and Pasadena Place at 112 PASADENA, Orlando, FL 32803, with access to the I-4 on-ramp. Parking includes approximately 7–8 spaces behind the building, supplemented by street parking. Electrical wiring was updated in 2003. WalkScore is 88, BikeScore is 82, and TransitScore is 32.
Key Highlights
- Approximately nine private offices plus additional open areas
- Corner position at Magnolia Avenue and Pasadena Place
- Access to the I‑4 on‑ramp
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
$56,921
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
8.19%
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%
$1,138,420
$1.1M
Cap Rate 7%
$813,157
$813.2K
Cap Rate 9%
$632,456
$632.5K
Market Conditions
NOI Build-Up for 3,048 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
$91.4K $30.00/SF
− Vacancy
−$15.5K −$5.10/SF
EGI
$75.9K $24.90/SF
− OpEx
−$19.0K −$6.23/SF
NOI
$56.9K $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%
$1,138,420
Cap Rate 7%
$813,157
Cap Rate 9%
$632,456
Alternative Uses
Best Use
Office B
$813.2K
$711.5K – $948.7K
NOI $56,921 @ 7.0% cap · market cap 8.19%
Second Best
Mixed Use
$574.8K
$502.9K – $670.6K
NOI $40,234 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$981.9K
$859.1K – $1.15M
NOI $68,731 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,602
Businesses Nearby
Explore this area
Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
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?
Mixed-use property - Multi-level layout supports office operations, owner occupancy, and additional leasing flexibility.
Where is this mixed-use property located?
The property is located at 112 PASADENA Orlando, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Approximately nine private offices plus additional open areas; Corner position at Magnolia Avenue and Pasadena Place; Access to the I‑4 on‑ramp
