Live-Work Property with Rental
For Sale
$1,149,000
1420 Lake Baldwin Ln, Orlando, FL 32814
Three leased components include a townhome, garage apartment, and commercial office in Baldwin Park.
Property Size3,150 SF
Price / SF$364.76
Days on Market96
Property Features for 1420 Lake Baldwin Ln
General Information
Standard status
Active
Size
3,150 SF
Occupancy
100%
Units
Unit Mix
1 x 3BR/2.5BA, 1 x studio
Multifamily Units
2
Building Details
Year Built
2007
Tenancy
Single
Owner Occupied
No
Listing Agency:
PARKSIDE PROPERTIES, LLC
Listed By:
Gary Quick · License #3074701
(321) 438-8020
Source:
Chenoregroup
Added: Jul 2
Changed: Oct 4
Last Checked: Oct 4 at 2:19PM
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 PARKSIDE PROPERTIES, LLC
Investment Insights
Based on property information with market context.
This 3,150-square-foot live-work property combines a two-story townhome, an updated studio garage apartment, and a commercial office. Built in 2007, the residence offers 3 bedrooms, 2.5 bathrooms, hardwood flooring upstairs, tile flooring on the main level, an upgraded kitchen with granite countertops and new appliances, a built-in workstation, laundry room, storage, and an attached two-car garage. The primary suite includes dual walk-in closets and an en-suite bathroom with a walk-in shower, soaking tub, and private water closet. Two additional bedrooms open to private balconies.
The separate studio apartment includes a walk-in closet and one assigned parking space. The office features two large offices, reception space, a half bath, and access from the courtyard, sidewalk, and private entrance. All three components are currently leased. Baldwin Park provides nearby restaurants, shops, services, Publix, parks, pools, fitness centers, Lake Baldwin, and a dog park. The roof was installed in 2026, while HOA exterior painting was completed in 2024; the association maintains the courtyard and landscaping.
The separate studio apartment includes a walk-in closet and one assigned parking space. The office features two large offices, reception space, a half bath, and access from the courtyard, sidewalk, and private entrance. All three components are currently leased. Baldwin Park provides nearby restaurants, shops, services, Publix, parks, pools, fitness centers, Lake Baldwin, and a dog park. The roof was installed in 2026, while HOA exterior painting was completed in 2024; the association maintains the courtyard and landscaping.
Key Highlights
- 3,150‑square‑foot live‑work property with a townhome, studio garage apartment, and commercial office
- Two‑story townhome includes 3 bedrooms, 2.5 bathrooms, and an attached two‑car garage
- Commercial office has two large offices, reception area, half bath, and courtyard, sidewalk, and private access
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
$58,826
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
5.12%
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%
$1,176,520
$1.2M
Cap Rate 7%
$840,371
$840.4K
Cap Rate 9%
$653,622
$653.6K
Market Conditions
NOI Build-Up for 3,150 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
$94.5K $30.00/SF
− Vacancy
−$16.1K −$5.10/SF
EGI
$78.4K $24.90/SF
− OpEx
−$19.6K −$6.23/SF
NOI
$58.8K $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%
$1,176,520
Cap Rate 7%
$840,371
Cap Rate 9%
$653,622
Alternative Uses
Best Use
Office B
$840.4K
$735.3K – $980.4K
NOI $58,826 @ 7.0% cap · market cap 5.12%
Second Best
Mixed Use
$594.0K
$519.8K – $693.0K
NOI $41,580 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$1.01M
$887.9K – $1.18M
NOI $71,031 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
Explore this area
Business Placement
Demographics for 32814, FL
9,218
Population
4,533
Households
2
Avg Household Size
35
Median Age
81%
College-Educated
100%
High-School Grad
1.2 sq mi
ZIP Area
7,682
Density / Sq Mi
$129,712
Median Household Income
$67,578
Median Earnings
$2,224
Median Rent
$751,400
Median Home Value
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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?
Live-work space - Three leased components include a townhome, garage apartment, and commercial office in Baldwin Park.
Where is this live-work space located?
The property is located at 1420 Lake Baldwin Ln Orlando, FL.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: 3,150‑square‑foot live‑work property with a townhome, studio garage apartment, and commercial office; Two‑story townhome includes 3 bedrooms, 2.5 bathrooms, and an attached two‑car garage; Commercial office has two large offices, reception area, half bath, and courtyard, sidewalk, and private access
