1922 HILLCREST STREET Orlando, FL 32803
Office - ORLANDO, FL
Property Features for 1922 HILLCREST STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- O-1/T
- Security features
- Smoke Detector(s)
- Exterior features
- Corner Lot
- Appliances
- Dishwasher, Refrigerator, Washer
- Standard status
- Active
- APN
- 30-22-30-2340-04-010
- Size
- 1,662 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4345
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1940
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Andres Ospina Rivera License #3293879 (321) 821-8446
Listing office LPT REALTY, LLC 1400 South International Parkw, Lake Mary, FL (877) 366-2213
Listing date Mar 14, 2026
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The office property sits on an oversized corner lot with an improved parking area and six parking spaces. Roofs were installed in 2012 for the main building and in 2020 for the rear unit. HVAC systems were installed in 2022 and 2023. The exterior includes mature oak trees, landscaping, St. Augustine grass, and a full sprinkler system.
With a centrally located office configuration and a renovated detached residence, the setup can support an owner-occupant or operator seeking space for professional activities alongside an additional income-generating component. The separate electric metering and parking on-site help support day-to-day operations for either business use or residential leasing while the permitted apartment conversion moves forward.
Key Highlights
- Main office building has approx. 1,016 SF of heated/cooled space with 2 private offices and a main open area.
- Detached rear unit totals approx. 546 SF plus an enclosed 100 SF porch, renovated as a 2‑bedroom, 1‑bath residential unit.
- Two storage bays under the rear unit are planned to be converted into apartments and are in the permitting process (plans available).
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 | $49.9k | $30.00 |
| − Vacancy | −$8.5k | −$5.10 |
| EGI | $41.4k | $24.90 |
| − OpEx | −$10.3k | −$6.23 |
| NOI | $31.0k | $18.67 |
