Two-Unit Office
New
For Sale
$1,100,000
6881 Kingspointe Pkwy Unit 1 & 2, Orlando, FL 32819
One suite is leased, and the furnished second suite is available for occupancy.
Property Size4,265 SF
Price / SF$257.91
Days on Market2
Property Features for 6881 Kingspointe Pkwy Unit 1 & 2
General Information
Standard status
Active
Size
4,265 SF
Class
B
Property subtype
Office
Zoning
I-P
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Office Units
2
Building Details
Building Size
4,265 SF
Year Built
2006
Buildings
1
Stories
2
Owner Occupied
No
Listed By:
Sandi Harrison
(850) 687-0207
Source:
Naiglobal
Added: Sep 24
Last Checked: Sep 24 at 2:18PM
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 Sandi Harrison
Investment Insights
Based on property information with market context.
The offering combines two adjacent office condominium units that can be connected. The 1,357±-square-foot unit has a reception area, four private offices, an open work area, and a restroom. The 2,908±-square-foot unit spans two floors, with reception, eight private offices, open work areas, a server room, a break room, and a restroom. It is furnished, and the first unit is leased. The property was built in 2006 and features a travertine exterior and arched windows. Parking is located close to the building.
The property is just off Sand Lake Road, with access to I-4, John Young Parkway, and South Kirkman Road. Orlando I-P zoning permits office, flex, and retail uses.
The property is just off Sand Lake Road, with access to I-4, John Young Parkway, and South Kirkman Road. Orlando I-P zoning permits office, flex, and retail uses.
Key Highlights
- Two office condominium units offered together; the adjacent spaces can be connected
- Unit 1 contains 1,357± SF and is leased
- Unit 2 contains 2,908± SF, is furnished, and is available for lease
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
$79,649
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
7.24%
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%
$1,592,980
$1.6M
Cap Rate 7%
$1,137,843
$1.1M
Cap Rate 9%
$884,989
$885.0K
Market Conditions
NOI Build-Up for 4,265 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
$128.0K $30.00/SF
− Vacancy
−$21.8K −$5.10/SF
EGI
$106.2K $24.90/SF
− OpEx
−$26.5K −$6.23/SF
NOI
$79.6K $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%
$1,592,980
Cap Rate 7%
$1,137,843
Cap Rate 9%
$884,989
Alternative Uses
Best Use
Office B
$1.14M
$995.6K – $1.33M
NOI $79,649 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,173 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Explore this area
Business Placement
Demographics for 32819, FL
30,857
Population
14,689
Households
2.1
Avg Household Size
40
Median Age
51%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,491
Density / Sq Mi
$94,386
Median Household Income
$47,166
Median Earnings
$1,947
Median Rent
$454,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Orlando, FL
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Frequently Asked Questions
What type of property is this?
Office units - One suite is leased, and the furnished second suite is available for occupancy.
Where is this office units located?
The property is located at 6881 Kingspointe Pkwy Unit 1 & 2 Orlando, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two office condominium units offered together; the adjacent spaces can be connected; Unit 1 contains 1,357± SF and is leased; Unit 2 contains 2,908± SF, is furnished, and is available for lease
