Mixed-Use Property with Garage
For Sale
$1,245,000
Pending
1531 LAKE BALDWIN LANE, Orlando, FL 32814
Live-work configuration includes a townhome, commercial office, and separate apartment.
Property Size3,150 SF
Days on Market514
Property Features for 1531 LAKE BALDWIN LANE
General Information
Standard status
Pending
Size
3,150 SF
Total Parking Spaces
2
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 5BR/4.5BA, 1 x 1BR/1BA
Multifamily Units
2
Office Units
1
Additional Details
Floor
First Floor
Taxes and HOA fees
Annual Taxes
$14,443
Building Details
Year Built
2006
Listing Agency:
COMPASS FLORIDA LLC
(718) 641-9358
Listed By:
Ahmad Hassan, PA · License #3305257
(718) 641-9358
Source:
Exitrealty
Added: Apr 5, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:39PM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This 3,150-square-foot mixed-use property, built in 2006, combines a five-bedroom, four-and-a-half-bath townhome with a separate garage apartment and first-floor commercial office. The residence features engineered hardwood flooring, an open kitchen and living arrangement, quartz counters, a custom island, stainless steel appliances, a walk-in pantry, cathedral ceilings, large windows, a primary suite with two walk-in closets, and a spa-style bath. A private balcony, laundry room, and rear two-car garage add functional space.
The apartment has a private entrance, open living and kitchen areas, a walk-in closet, and a full bath. The office component includes its own entrance, reception lounge, private office, and updated full bath. Located at 1531 Lake Baldwin Lane in Orlando’s Baldwin Park, the property is near Publix, boutique shopping, restaurants, three resort-style swimming pools, two fitness centers, and a 2.5-mile trail around Lake Baldwin. Downtown Orlando and area highways are minutes away.
The apartment has a private entrance, open living and kitchen areas, a walk-in closet, and a full bath. The office component includes its own entrance, reception lounge, private office, and updated full bath. Located at 1531 Lake Baldwin Lane in Orlando’s Baldwin Park, the property is near Publix, boutique shopping, restaurants, three resort-style swimming pools, two fitness centers, and a 2.5-mile trail around Lake Baldwin. Downtown Orlando and area highways are minutes away.
Key Highlights
- 3,150 SF mixed‑use property built in 2006
- Five‑bedroom, four‑and‑a‑half‑bath townhome with two‑car garage
- Three‑part configuration: townhome, garage apartment, and commercial office
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
4.72%
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 4.72%
Second Best
Mixed Use
$594.0K
$519.8K – $693.0K
NOI $41,580 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$1.01M
$887.9K – $1.18M
NOI $71,031 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
2
Residential units
Yes
Highway access
Yes
Paved road access
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
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Live-work configuration includes a townhome, commercial office, and separate apartment.
Where is this mixed-use property located?
The property is located at 1531 LAKE BALDWIN LANE Orlando, FL.
What is the asking price?
The asking price for this property is $1,245,000.
What are key features of this property?
This property features: 3,150 SF mixed‑use property built in 2006; Five‑bedroom, four‑and‑a‑half‑bath townhome with two‑car garage; Three‑part configuration: townhome, garage apartment, and commercial office
