Third-Floor Office
For Sale
$495,000
13550 Village Park Drive, Orlando, FL 32837
Open-plan office suite with natural light, central air, and access to shared restrooms within a newer commercial building.
Property Size1,004 SF
Price / SF$493.03
Days on Market45
Property Features for 13550 Village Park Drive
General Information
Standard status
Active
Size
1,004 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$4,267
Amenities
Central Air
Building Details
Year Built
2021
Listing Agency:
ALAMO HOMES GROUP
(407) 447-7724
Listed By:
Maria Arato · License #3387610
Source:
Xome
Added: Jul 4
Changed: Aug 15
Last Checked: Aug 17 at 4:09AM
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 ALAMO HOMES GROUP
Investment Insights
Based on property information with market context.
This third-floor office unit is located in a commercial building constructed in 2021. The interior is arranged around an open workspace with natural light entering through three large windows. A secondary area at the rear provides flexibility for a private office, meeting room, or storage use. Central air is included.
Shared restrooms are available on each floor, and the property is part of a plaza with ample parking. The office is in the Hunter’s Creek area of Orlando, surrounded by residential development and near restaurants, shops, services, and major highways. The combination of an adaptable layout, newer construction, and convenient plaza setting supports a range of small-office requirements.
Shared restrooms are available on each floor, and the property is part of a plaza with ample parking. The office is in the Hunter’s Creek area of Orlando, surrounded by residential development and near restaurants, shops, services, and major highways. The combination of an adaptable layout, newer construction, and convenient plaza setting supports a range of small-office requirements.
Key Highlights
- Third‑floor office unit in a building constructed in 2021
- Open floor plan with three large windows
- Rear area can accommodate a private office, meeting room, or storage
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
$16,500
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
3.33%
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%
$330,000
$330.0K
Cap Rate 7%
$235,714
$235.7K
Cap Rate 9%
$183,333
$183.3K
Market Conditions
NOI Build-Up for 1,004 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
$26.5K $26.40/SF
− Vacancy
−$4.5K −$4.49/SF
EGI
$22.0K $21.91/SF
− OpEx
−$5.5K −$5.48/SF
NOI
$16.5K $16.43/SF
Area
ZIP 32837
Vacancy
17.00%
Lease Rate
$26.40 /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%
$330,000
Cap Rate 7%
$235,714
Cap Rate 9%
$183,333
Alternative Uses
Best Use
Office B
$235.7K
$206.3K – $275.0K
NOI $16,500 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$294.9K
$258.0K – $344.1K
NOI $20,643 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,295
Businesses Nearby
Explore this area
Business Placement
Demographics for 32837, FL
56,813
Population
21,021
Households
2.7
Avg Household Size
38
Median Age
41%
College-Educated
91%
High-School Grad
18.2 sq mi
ZIP Area
3,122
Density / Sq Mi
$86,649
Median Household Income
$37,179
Median Earnings
$1,905
Median Rent
$365,100
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 - Open-plan office suite with natural light, central air, and access to shared restrooms within a newer commercial building.
Where is this office units located?
The property is located at 13550 Village Park Drive Orlando, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Third‑floor office unit in a building constructed in 2021; Open floor plan with three large windows; Rear area can accommodate a private office, meeting room, or storage
