189 S Orange Avenue Unit 1450 Orlando, FL 32801
Office condo unit with private offices, open workspace, and dedicated IT/storage plus private restrooms inside a secured Class A tower.
Property Features for 189 S Orange Avenue Unit 1450
General Information
- Standard status
- Active
- Size
- 3,128 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing office ALPHA EQUITY REALTY & MANAGEMENT INC (407) 789-1002
Listing date Apr 25, 2026
Source Xome
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Investment Insights
Based on property information with market context.
The building is described as a Class A office tower in the heart of Downtown Orlando at 189 S Orange Avenue. The property offers 24/7 secured access and concierge services. Parking is available in an attached garage. The tower is positioned near dining, retail, and major thoroughfares throughout Downtown Orlando.
This space is well suited for professional office users looking for a downtown presence, with a mix of collaborative workstation space and enclosed offices for team and individual work. Investors may also consider the opportunity as an office condo, with the offering noted as available for sale with a lease option for flexible occupancy or acquisition strategies.
Key Highlights
- Office condo unit in the Plaza South Tower, Class A, built in 2007
- Approximately 3,128 SF with a workstation/open workspace area
- Includes multiple private offices ranging from 83 SF to 373 SF
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 | $93.8k | $30.00 |
| − Vacancy | −$16.0k | −$5.10 |
| EGI | $77.9k | $24.90 |
| − OpEx | −$19.5k | −$6.23 |
| NOI | $58.4k | $18.67 |
