Downtown Orlando Office
189 S Orange Ave 1550 Orlando, FL 32801
189 S Orange Ave 1550, Orlando, FL, 32801
Contact for pricing
For Sale
Contact for pricing
Move-in ready office suite in prime downtown location.
Property Size947 SF
Price / SF$237.59
Days on Market55
Property Features for 189 S Orange Ave 1550
General Information
- Standard status
- Active
- Size
- 947 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing Agency
Alpha Equity
Listed by
MAHDI JAFFER, CCIM · License #FL SL3225530
Source
Crexi
Added: May 26 Checked: Jul 19 at 5:05 am
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 Alpha Equity
Investment Insights
Based on property information with market context.
Located in Downtown Orlando at The Plaza, 189 S Orange Ave, Unit 1550, this commercial office space offers 947 square feet of refined workspace. Positioned on the 15th floor, the suite features abundant natural light through floor-to-ceiling windows and a versatile layout. The configuration includes a welcoming reception area, private office space, and a dedicated meeting or conference area. The open-plan central area fosters communication while still allowing for defined work zones. Tenants at The Plaza enjoy access to a modern lobby with 24/7 concierge service, state-of-the-art shared conference rooms, well-appointed break rooms, and kitchen facilities. An on-site fitness center, retail shops, and dining options are all within the complex. The building is ADA compliant with high-speed elevators, secure access, and professional security services. Ample parking is available in the attached garage, with convenient access to major highways and public transportation. This move-in ready environment is ideal for small businesses, boutique firms, or individual practitioners seeking a Prime Downtown address.
Key Highlights
- Prime Downtown Orlando location at The Plaza (189 S Orange Ave) offering a prestigious business address
- Move‑in ready, 947 SF office suite with a versatile layout including a reception area, private office space, and a meeting/conference area
- Abundant natural light from floor‑to‑ceiling windows on the 15th floor
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.4k | $30.00 |
| − Vacancy | −$4.8k | −$5.10 |
| EGI | $23.6k | $24.90 |
| − OpEx | −$5.9k | −$6.23 |
| NOI | $17.7k | $18.67 |
947 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$252.6K
$221.1K – $294.8K
NOI $17,685 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.1K
$266.9K – $355.9K
NOI $21,354 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Daytona Lubricants
Industrial Manufacturer
There's A New Way
Hospital
RadiusBlue
(Bike/Boat/Book/etc) Store
Fortress Cyber Security
IT Consulting Firm
Gogo Charters Orlando
Travel Agency
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FAQs
What type of property is this?
Office units - Move-in ready office suite in prime downtown location.
Where is this office units located?
The property is located at 189 S Orange Ave 1550 Orlando, FL.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Prime Downtown Orlando location at The Plaza (189 S Orange Ave) offering a prestigious business address; Move‑in ready, 947 SF office suite with a versatile layout including a reception area, private office space, and a meeting/conference area; **Abundant natural light from floor‑to‑ceiling windows on the 15th floor**
