Multifamily Property with
For Sale
$1,074,999
1421 1423 1425 1427 ASHER LANE, Orlando, FL 32803
Orlando property with central air, electric systems, storage, and multiple parking options under R-2A/T zoning.
Property Size2,766 SF
Price / SF$421.24
Days on Market81
Property Features for 1421 1423 1425 1427 ASHER LANE
General Information
Standard status
Active
Size
2,766 SF
Property subtype
Residential Income
Zoning
R-2A/T
Taxes and HOA fees
Annual Taxes
$8,712
Amenities
Street Lights
Central Air
Electric
Eat-in Kitchen
Assigned, Driveway, Off Street, On Street, Parking Pad
Lighting, Storage
Building Details
Building Size
2,766 SF
Year Built
1949
Listing Agency:
(407) 948-3865
Listed By:
Nancy Bhavsar
(407) 948-3865
Source:
Evrealestate
Added: May 28
Changed: Aug 15
Last Checked: Aug 16 at 4:29AM
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 Nancy Bhavsar
Investment Insights
Based on property information with market context.
This multifamily property at 1421, 1423, 1425, and 1427 Asher Lane encompasses 2,552 square feet and was built in 1949. Interior features include central air, electric service, and eat-in kitchens. Exterior components include lighting and storage, with assigned, driveway, off-street, on-street, and parking-pad options.
The property is located in Orlando, Florida, within Orange County, and carries R-2A/T zoning. Its four listed street numbers identify the property configuration, while the combination of interior utility and varied parking features supports multifamily use.
The property is located in Orlando, Florida, within Orange County, and carries R-2A/T zoning. Its four listed street numbers identify the property configuration, while the combination of interior utility and varied parking features supports multifamily use.
Key Highlights
- 2,552‑square‑foot multifamily property built in 1949
- R‑2A/T zoning in Orlando, Florida
- Central air and electric systems
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
$33,072
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
3.08%
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%
$661,440
$661.4K
Cap Rate 7%
$472,457
$472.5K
Cap Rate 9%
$367,467
$367.5K
Market Conditions
NOI Build-Up for 2,552 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
$64.3K $25.20/SF
− Vacancy
−$4.2K −$1.64/SF
EGI
$60.1K $23.56/SF
− OpEx
−$27.1K −$10.60/SF
NOI
$33.1K $12.96/SF
Area
Orlando, FL
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
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%
$661,440
Cap Rate 7%
$472,457
Cap Rate 9%
$367,467
Alternative Uses
Best Use
Apartment 5plus
$472.5K
$413.4K – $551.2K
NOI $33,072 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$822.1K
$719.3K – $959.1K
NOI $57,546 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,196
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?
Multifamily property - Orlando property with central air, electric systems, storage, and multiple parking options under R-2A/T zoning.
Where is this multifamily property located?
The property is located at 1421 1423 1425 1427 ASHER LANE Orlando, FL.
What is the asking price?
The asking price for this property is $1,074,999.
What are key features of this property?
This property features: 2,552‑square‑foot multifamily property built in 1949; R‑2A/T zoning in Orlando, Florida; Central air and electric systems
