Modern Class A Office
For Sale
Contact for pricing
189 South Orange Ave, Orlando, FL 32801
Class A office building with covered parking, high-end finishes, and a balcony with Orange Avenue views.
Property Size6,645 SF
Price / SF$313.70
Days on Market148
Property Features for 189 South Orange Ave
General Information
Standard status
Active
Size
6,645 SF
Class
A
Total Parking Spaces
50
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$171,973
Amenities
covered parking
high-end finishes
balcony
Building Details
Units
2
Tenancy
Single
Listing Agency:
KW
Listed By:
Ayesha Verma · License #SL3531226
Source:
Crexi
Added: Apr 10
Changed: Sep 4
Last Checked: Sep 2 at 5:00PM
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 KW
Investment Insights
Based on property information with market context.
This modern Class A office building is part of a mixed-use complex and features high-end finishes throughout. The property includes a balcony with views of Orange Avenue, and offers covered parking for building users.
The asset is located at 189 S Orange Ave in Orlando, Florida, and provides 50 parking spaces for visitors and occupants.
The configuration and amenities described are geared toward an office tenant seeking a more refined, full-service look within a modern, mixed-use setting.
The asset is located at 189 S Orange Ave in Orlando, Florida, and provides 50 parking spaces for visitors and occupants.
The configuration and amenities described are geared toward an office tenant seeking a more refined, full-service look within a modern, mixed-use setting.
Key Highlights
- Class A mixed‑use complex with a prestigious address on Orange Avenue
- 50 parking spaces available, including covered parking
- High‑end finishes throughout
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
$124,095
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%
$2,481,900
$2.5M
Cap Rate 7%
$1,772,786
$1.8M
Cap Rate 9%
$1,378,833
$1.4M
Market Conditions
NOI Build-Up for 6,645 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
$199.4K $30.00/SF
− Vacancy
−$33.9K −$5.10/SF
EGI
$165.5K $24.90/SF
− OpEx
−$41.4K −$6.23/SF
NOI
$124.1K $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 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%
$2,481,900
Cap Rate 7%
$1,772,786
Cap Rate 9%
$1,378,833
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.07M
NOI $124,095 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,841 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,123
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Class A office building with covered parking, high-end finishes, and a balcony with Orange Avenue views.
Where is this office building located?
The property is located at 189 South Orange Ave Orlando, FL.
What is the asking price?
The asking price for this property is $2,084,521.
What are key features of this property?
This property features: Class A mixed‑use complex with a prestigious address on Orange Avenue; 50 parking spaces available, including covered parking; High‑end finishes throughout
