Third-Floor Office in Hunter’s
For Sale
$449,000
13564 VILLAGE PARK Dr O-365, Orlando, FL 32837
Exceptional office space with flexible layout in desirable location.
Property Size994 SF
Days on Market121
Property Features for 13564 VILLAGE PARK Dr O-365
General Information
Standard status
Active
Size
994 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,648
Building Details
Building Size
994 SF
Year Built
2024
Listing Agency:
GHALI REALTY, INC
(407) 707-8445
Listed By:
Louisa Ghali · License #3242120
(407) 707-8445
Source:
Elliman
Added: Apr 24
Changed: Aug 14
Last Checked: Aug 21 at 9:29AM
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 GHALI REALTY, INC
Investment Insights
Based on property information with market context.
This third-floor office space features vinyl flooring and views. A sink with built-in storage is included. The open layout allows for customization with partitions to create separate offices or work areas. The building offers an elevator, shared restrooms, and parking. Located in Hunter’s Creek, the property provides visibility and accessibility. It offers access to Highway 417 and is approximately 20 minutes from Orlando International Airport, Lake Nona, and Medical City. This space is suitable for professional offices or businesses seeking a flexible commercial environment.
Key Highlights
- Highly desirable Hunter's Creek location with excellent visibility and accessibility.
- Convenient access to Highway 417, Orlando International Airport, Lake Nona, and Medical City.
- Flexible open space design allows for customizable office layouts.
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
$16,335
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
3.64%
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%
$326,700
$326.7K
Cap Rate 7%
$233,357
$233.4K
Cap Rate 9%
$181,500
$181.5K
Market Conditions
NOI Build-Up for 994 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
$26.2K $26.40/SF
− Vacancy
−$4.5K −$4.49/SF
EGI
$21.8K $21.91/SF
− OpEx
−$5.4K −$5.48/SF
NOI
$16.3K $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%
$326,700
Cap Rate 7%
$233,357
Cap Rate 9%
$181,500
Alternative Uses
Best Use
Office B
$233.4K
$204.2K – $272.3K
NOI $16,335 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$292.0K
$255.5K – $340.6K
NOI $20,437 @ 7.0% cap · market cap 4.55%
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 - Exceptional office space with flexible layout in desirable location.
Where is this office units located?
The property is located at 13564 VILLAGE PARK Dr O-365 Orlando, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Highly desirable Hunter's Creek location with excellent visibility and accessibility.; Convenient access to Highway 417, Orlando International Airport, Lake Nona, and Medical City.; Flexible open space design allows for customizable office layouts.
