Flex Space with
For Sale
$485,000
1413 HAMLIN AVENUE #8, Saint Cloud, FL 34771
Combination office and air-conditioned warehouse with 220V 3-phase power and an existing lease through October 2026.
Property Size1,728 SF
Price / SF$269.44
Days on Market114
Property Features for 1413 HAMLIN AVENUE #8
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Commercial
Zoning
SI3
Warehouse & Industrial
Clear Height
20 ft
Voltage
220 V
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Gross Income
$39,600
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,561
Building Details
Building Size
1,728 SF
Year Built
2020
Tenancy
Single
Owner Occupied
No
Listing Agency:
REALTY OF SOUTH EAST FLORIDA
(305) 807-0708
Listed By:
Manoel Loureiro · License #3399283
(305) 807-0708
Source:
Mbifloridarealty
Added: Apr 23
Changed: Aug 13
Last Checked: Aug 13 at 5:07AM
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 REALTY OF SOUTH EAST FLORIDA
Investment Insights
Based on property information with market context.
Built in 2020, this 1,800 SF flex property combines office space with an air-conditioned warehouse area. The warehouse offers ceiling heights ranging from 17' to 20', a 12' x 14' roll-up door, and 220V 3-phase power. The existing lease runs through October 2026, and the current tenant wishes to remain.
Located at 1413 Hamlin Avenue #8 in St Cloud, the property is 9 miles from Lake Nona and 6 miles from the Turnpike. SI3 zoning and the blend of office and warehouse improvements support the property's flexible commercial format.
Located at 1413 Hamlin Avenue #8 in St Cloud, the property is 9 miles from Lake Nona and 6 miles from the Turnpike. SI3 zoning and the blend of office and warehouse improvements support the property's flexible commercial format.
Key Highlights
- 1,800 SF flex property with combined office and air‑conditioned warehouse space
- 17'–20' ceiling height in the warehouse area
- 12' x 14' roll‑up door
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
$26,892
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
5.54%
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%
$537,840
$537.8K
Cap Rate 7%
$384,171
$384.2K
Cap Rate 9%
$298,800
$298.8K
Market Conditions
NOI Build-Up for 1,800 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
$43.2K $24.00/SF
− Vacancy
−$7.3K −$4.08/SF
EGI
$35.9K $19.92/SF
− OpEx
−$9.0K −$4.98/SF
NOI
$26.9K $14.94/SF
Area
Osceola County, FL
Vacancy
17.00%
Lease Rate
$24.00 /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%
$537,840
Cap Rate 7%
$384,171
Cap Rate 9%
$298,800
Alternative Uses
Best Use
Office B
$384.2K
$336.2K – $448.2K
NOI $26,892 @ 7.0% cap · market cap 5.54%
Second Best
Warehouse
$174.4K
$152.6K – $203.5K
NOI $12,210 @ 7.0% cap · market cap 2.52%
Theoretical Best
Specialty Retail
$556.6K
$487.0K – $649.4K
NOI $38,961 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34771, FL
26,503
Population
10,978
Households
2.4
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
154.5 sq mi
ZIP Area
172
Density / Sq Mi
$101,434
Median Household Income
$48,760
Median Earnings
$1,695
Median Rent
$427,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Combination office and air-conditioned warehouse with 220V 3-phase power and an existing lease through October 2026.
Where is this flex space located?
The property is located at 1413 HAMLIN AVENUE #8 Saint Cloud, FL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 1,800 SF flex property with combined office and air‑conditioned warehouse space; 17'–20' ceiling height in the warehouse area; 12' x 14' roll‑up door
