Renovated Office
189 S ORANGE AVENUE #1410S, Orlando, FL 32801
For Sale
Contact for pricing
The suite features updated vinyl flooring and LED ceiling lights within Chase Plaza.
Property Size1,546 SF
Price / SF$17
Days on Market10
Property Features for 189 S ORANGE AVENUE #1410S
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Condition
Property Use
Building Details
Year Built
Listing Agency:
STIRLING INTERNATIONAL REAL ES
(407) 250-1000
Listed By:
Roger Soderstrom, Jr · License FL #3253644
(407) 617-2830
Source:
Dennisrealty
Added: Nov 3
Changed: Nov 10
Last Checked: Nov 10 at 7:30AM
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 STIRLING INTERNATIONAL REAL ES
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Investment Insights
Based on property information with market context.
This 1,546-square-foot office unit in Chase Plaza was renovated with vinyl flooring and LED ceiling lights. The compact suite offers office space in a downtown Orlando building completed in 2007.
Key Highlights
- 1,546‑square‑foot office unit in Chase Plaza
- Renovated with vinyl flooring and LED ceiling lights
- Building constructed in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,872
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,440
$577.4K
Cap Rate 7%
$412,457
$412.5K
Cap Rate 9%
$320,800
$320.8K
Market Conditions
NOI Build-Up for 1,546 SF
Gross rent
$46.4K $30.00/SF
− Vacancy
−$7.9K −$5.10/SF
EGI
$38.5K $24.90/SF
− OpEx
−$9.6K −$6.23/SF
NOI
$28.9K $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 Rate 5%
$577,440
Cap Rate 7%
$412,457
Cap Rate 9%
$320,800
Alternative Uses
Best Use
Office B
$412.5K
$360.9K – $481.2K
NOI $28,872 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$498.0K
$435.8K – $581.0K
NOI $34,861 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
9,123
Businesses Nearby
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Business Placement
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Orlando, FL
Properties on Market for Office Units in Orlando
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Office unit - The suite features updated vinyl flooring and LED ceiling lights within Chase Plaza.
Where is this office unit located?
The property is located at 189 S ORANGE AVENUE #1410S Orlando, FL.
What are key features of this property?
This property features: 1,546‑square‑foot office unit in Chase Plaza; Renovated with vinyl flooring and LED ceiling lights; Building constructed in 2007
