Three-Bedroom
New
For Sale
$599,999
1417 BELGRADE AVENUE, Orlando, FL 32803
Central Orlando property near Downtown Orlando, local dining, parks, and established residential districts.
Property Size1,650 SF
Price / SF$363.64
Days on Market7
Property Features for 1417 BELGRADE AVENUE
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Duplex
Building Details
Year Built
2005
Listing Agency:
LISTWITHFREEDOM.COM
(855) 456-4945
Listed By:
Ralph Harvey · License #3337811
Source:
Endlesssummerrealty
Added: Aug 23
Changed: Aug 28
Last Checked: Aug 29 at 9:49AM
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 LISTWITHFREEDOM.COM
Investment Insights
Based on property information with market context.
Located at 1417 Belgrade Avenue in Orlando’s 32803 area, this duplex was built in 2005 and provides 1,650 square feet of property size. The residence includes 3 bedrooms and 3 bathrooms, offering a substantial residential configuration within a Central Orlando setting.
The property is near Downtown Orlando, major roadways, local parks, restaurants, shopping, dining, and entertainment. Surrounding areas identified in the property information include Mills 50, Colonialtown, and Audubon Park. Its location places a range of Central Orlando amenities and neighborhood destinations within the surrounding area.
The property is near Downtown Orlando, major roadways, local parks, restaurants, shopping, dining, and entertainment. Surrounding areas identified in the property information include Mills 50, Colonialtown, and Audubon Park. Its location places a range of Central Orlando amenities and neighborhood destinations within the surrounding area.
Key Highlights
- 3‑bedroom, 3‑bathroom duplex
- 1,650 square feet of property size
- Built in 2005
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
$23,409
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
3.90%
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%
$468,180
$468.2K
Cap Rate 7%
$334,414
$334.4K
Cap Rate 9%
$260,100
$260.1K
Market Conditions
NOI Build-Up for 1,650 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
$35.6K $21.60/SF
− Vacancy
−$2.2K −$1.33/SF
EGI
$33.4K $20.27/SF
− OpEx
−$10.0K −$6.08/SF
NOI
$23.4K $14.19/SF
Area
Orlando, FL
Vacancy
6.17%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$468,180
Cap Rate 7%
$334,414
Cap Rate 9%
$260,100
Alternative Uses
Best Use
Multifamily LT 5
$334.4K
$292.6K – $390.2K
NOI $23,409 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$305.5K
$267.3K – $356.4K
NOI $21,383 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$531.5K
$465.1K – $620.1K
NOI $37,207 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,155
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Central Orlando property near Downtown Orlando, local dining, parks, and established residential districts.
Where is this duplex located?
The property is located at 1417 BELGRADE AVENUE Orlando, FL.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: 3‑bedroom, 3‑bathroom duplex; 1,650 square feet of property size; Built in 2005
