Flex Space with Gated Wraparound
For Sale
Contact for pricing
175 Semoran Commerce Pl, Apopka, FL 32703
Free-standing flex space with an accessible wraparound driveway and gated entry points on both sides.
Property Size12,500 SF
Price / SF$159.60
Days on Market171
Property Features for 175 Semoran Commerce Pl
General Information
Standard status
Active
Size
12,500 SF
Class
C
Property subtype
Industrial
Zoning
I-1
Building Details
Buildings
1
Stories
1
Units
4
Building Size
12,500 SF
Listing Agency:
Avison Young - Orlando
Listed By:
Sean DuPree · License #FL BK692699
(407) 440-6662
Source:
Crexi
Added: Apr 1
Changed: Sep 16
Last Checked: Sep 16 at 3:43PM
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 Avison Young - Orlando
Investment Insights
Based on property information with market context.
This owner-user flex space offers a free-standing office/warehouse building totaling 12,500 square feet. The property is designed for practical operations with a fully accessible wraparound driveway that includes gated entry points on both sides, supporting efficient circulation and secure access.
Located in an industrial and commercial corridor in Apopka, Florida, the site provides convenient connectivity to major thoroughfares, including State Road 436, State Road 429, Interstate-4, and Maitland Boulevard.
The combination of office and warehouse space, along with the perimeter access and gated drive configuration, is well-suited for tenants seeking an on-site office component with warehouse functionality in a corridor-oriented setting.
Located in an industrial and commercial corridor in Apopka, Florida, the site provides convenient connectivity to major thoroughfares, including State Road 436, State Road 429, Interstate-4, and Maitland Boulevard.
The combination of office and warehouse space, along with the perimeter access and gated drive configuration, is well-suited for tenants seeking an on-site office component with warehouse functionality in a corridor-oriented setting.
Key Highlights
- 12,500 SF free‑standing office/warehouse flex space
- Fully accessible wraparound driveway
- Gated entry points on both sides
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
$84,791
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
4.25%
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%
$1,695,820
$1.7M
Cap Rate 7%
$1,211,300
$1.2M
Cap Rate 9%
$942,122
$942.1K
Market Conditions
NOI Build-Up for 12,500 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
$109.5K $8.76/SF
− Vacancy
−$9.7K −$0.78/SF
EGI
$99.8K $7.98/SF
− OpEx
−$15.0K −$1.20/SF
NOI
$84.8K $6.78/SF
Area
Orange County, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
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%
$1,695,820
Cap Rate 7%
$1,211,300
Cap Rate 9%
$942,122
Alternative Uses
Best Use
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,791 @ 7.0% cap · market cap 4.25%
Second Best
Industrial
$997.5K
$872.9K – $1.16M
NOI $69,828 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$3.56M
$3.11M – $4.15M
NOI $249,000 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
751
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Free-standing flex space with an accessible wraparound driveway and gated entry points on both sides.
Where is this flex space located?
The property is located at 175 Semoran Commerce Pl Apopka, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 12,500 SF free‑standing office/warehouse flex space; Fully accessible wraparound driveway; Gated entry points on both sides
