Street-Facing Mixed-Use
136 S BUMBY AVENUE #2, Orlando, FL 32803
For Sale
$415,000
Residential + Office zoning combines a separated commercial component with a two-story residential unit.
Property Size2,200 SF
Price / SF$188.64
Days on Market53
Property Features for 136 S BUMBY AVENUE #2
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Central Air Cooling
Building Details
Year Built
Listing Agency:
KELLER WILLIAMS REALTY AT THE PARKS
(407) 629-4420
Listed By:
THOMAS NICKLEY, JR · License #3275393
(321) 945-1152
Source:
Corcoran
Added: Sep 16
Changed: Nov 6
Last Checked: Nov 6 at 9:15AM
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 KELLER WILLIAMS REALTY AT THE PARKS
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Investment Insights
Based on property information with market context.
This mixed-use condominium combines approximately 800 SF of street-level commercial or office space with an approximately 1,400 SF two-story residential unit above. The commercial component has multiple rooms, a separate entrance, direct frontage along S Bumby Avenue, and a handicap-accessible half bath. The residential unit includes an open living, dining, and kitchen area, a half bath, laundry, garage access, two bedroom suites with en-suite updated bathrooms and walk-in closets, and private balcony space. A rooftop terrace with updated decking adds outdoor space above the garage.
The property is located at 136 S Bumby Avenue in Orlando’s Lawsona-Fern Creek/Milk District area, near Downtown Orlando, Thornton Park, Lake Eola, Dickson Azalea Park, restaurants, coffee shops, shopping, and entertainment. Access to SR 408 and other major roadways is also noted. The property was built in 2004 and has Residential + Office zoning.
The property is located at 136 S Bumby Avenue in Orlando’s Lawsona-Fern Creek/Milk District area, near Downtown Orlando, Thornton Park, Lake Eola, Dickson Azalea Park, restaurants, coffee shops, shopping, and entertainment. Access to SR 408 and other major roadways is also noted. The property was built in 2004 and has Residential + Office zoning.
Key Highlights
- Approximately 800 SF of street‑level commercial/office space
- Approximately 1,400 SF two‑story residential unit above
- Residential + Office zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,040
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,800
$580.8K
Cap Rate 7%
$414,857
$414.9K
Cap Rate 9%
$322,667
$322.7K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$52.8K $24.00/SF
− Vacancy
−$6.3K −$2.88/SF
EGI
$46.5K $21.12/SF
− OpEx
−$17.4K −$7.92/SF
NOI
$29.0K $13.20/SF
Area
Orlando, FL
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,800
Cap Rate 7%
$414,857
Cap Rate 9%
$322,667
Alternative Uses
Best Use
Office B
$586.9K
$513.6K – $684.8K
NOI $41,085 @ 7.0% cap · market cap 9.90%
Second Best
Mixed Use
$414.9K
$363.0K – $484.0K
NOI $29,040 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$708.7K
$620.1K – $826.8K
NOI $49,609 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
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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
$421,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Orlando, FL
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Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential + Office zoning combines a separated commercial component with a two-story residential unit.
Where is this mixed-use property located?
The property is located at 136 S BUMBY AVENUE #2 Orlando, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Approximately 800 SF of street‑level commercial/office space; Approximately 1,400 SF two‑story residential unit above; Residential + Office zoning
