Air-Conditioned Flex
For Sale
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174B Semoran Commerce Place, Apopka, FL 32703
Private-entry commercial condominium with office functionality, roll-up access, parking, and dedicated electrical capacity.
Property Size1,395 SF
Price / SF$250.90
Days on Market18
Property Features for 174B Semoran Commerce Place
General Information
Standard status
Active
Size
1,395 SF
Property subtype
Industrial
Listing Agency:
The Bywater Company
Listed By:
Sallie Jane Bywater · License #SL3660614
Source:
Crexi
Added: Aug 12
Changed: Aug 25
Last Checked: Aug 29 at 6:05AM
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 The Bywater Company
Investment Insights
Based on property information with market context.
This flex space condominium at 174B Semoran Commerce Place provides 1,395 square feet of fully air-conditioned commercial space. The interior includes two offices, a private entrance, and a 10' x 10' roll-up door, supporting a combination of office and operational functions. The space also offers 13' interior clear height and generous parking.
Electrical service includes two 150 amp single-phase panels. The property is located in Apopka, Florida, with a commercial configuration suited to users seeking conditioned workspace, office areas, and grade-level roll-up access in one unit.
Electrical service includes two 150 amp single-phase panels. The property is located in Apopka, Florida, with a commercial configuration suited to users seeking conditioned workspace, office areas, and grade-level roll-up access in one unit.
Key Highlights
- 1,395 square feet of fully air‑conditioned flex space
- Two offices and a private entrance
- 10' x 10' 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
$20,841
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
5.95%
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%
$416,820
$416.8K
Cap Rate 7%
$297,729
$297.7K
Cap Rate 9%
$231,567
$231.6K
Market Conditions
NOI Build-Up for 1,395 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
$33.5K $24.00/SF
− Vacancy
−$5.7K −$4.08/SF
EGI
$27.8K $19.92/SF
− OpEx
−$6.9K −$4.98/SF
NOI
$20.8K $14.94/SF
Area
Orange 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%
$416,820
Cap Rate 7%
$297,729
Cap Rate 9%
$231,567
Alternative Uses
Best Use
Office B
$297.7K
$260.5K – $347.4K
NOI $20,841 @ 7.0% cap · market cap 5.95%
Second Best
Industrial
$111.3K
$97.4K – $129.9K
NOI $7,793 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$397.0K
$347.4K – $463.1K
NOI $27,788 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
723
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32703, FL
54,805
Population
22,033
Households
2.5
Avg Household Size
37
Median Age
29%
College-Educated
87%
High-School Grad
32.1 sq mi
ZIP Area
1,707
Density / Sq Mi
$70,338
Median Household Income
$42,031
Median Earnings
$1,579
Median Rent
$314,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Private-entry commercial condominium with office functionality, roll-up access, parking, and dedicated electrical capacity.
Where is this flex space located?
The property is located at 174B Semoran Commerce Place Apopka, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,395 square feet of fully air‑conditioned flex space; Two offices and a private entrance; 10' x 10' roll‑up door
