Corner-Lot Mixed-Use
For Sale
$765,000
1922 HILLCREST Street, Orlando, FL 32803
Commercial Sale, ORLANDO, FL
Property Size1,662 SF
Lot Size0.24 Acres
Price / SF$460.29
Days on Market210
Property Features for 1922 HILLCREST Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
O-1/T
Window features
Aluminum Frames, Blinds
Appliances
Dishwasher, Refrigerator
Subdivision
EAST VIEW PARK
Lot features
Central Business District, Corner Lot, Curb and Gutters, City Limits, Neighbourhood, Retention Areas, Street Lights, Turn Around
Directions
From Mills and Colonial travel East on Colonial to South or right on Hampton to office on right.
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 Description
EAST VIEW PARK G/89 LOTS 1 & 2 & N 30.16FT OF LOTS 11 & 12 BLK D
Tax Annual Amount
4345
Legal Description
EAST VIEW PARK G/89 LOTS 1 & 2 & N 30.16FT OF LOTS 11 & 12 BLK D
Utilities
Utilities
Phone Available
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Number of units
2
Flooring type
Vinyl
Building materials
Vinyl Siding, Frame
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Andres Ospina Rivera · License #3293879
(321) 821-8446
Added: Mar 14
Changed: Oct 1
Last Checked: Oct 9 at 7:06AM
MLS# O6387223
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.
This mixed-use property includes a 1,016-square-foot office building with two private offices and an open central area, plus a detached 546-square-foot residential unit with an enclosed 100-square-foot porch. The rear unit has been renovated and is arranged as two bedrooms and one bathroom. Two storage bays beneath it are subject to an apartment-conversion plan that is currently in permitting. Separate electric metering supports distinct occupancy arrangements. The 0.24-acre corner lot includes an improved parking area with six spaces, mature oak trees, landscaping, St. Augustine grass, and a sprinkler system. The main structure has a 2012 roof, the rear unit has a 2020 roof, and HVAC systems were installed in 2022 and 2023. Zoned O-1/T, the property is located at 1922 Hillcrest Street, one block from Colonial Drive, with access to downtown Orlando, the courthouse, retail, restaurants, and public transportation.
Key Highlights
- 1,662 square feet across the main office and detached residential unit
- Main building offers 1,016 square feet with two private offices and an open work area
- Detached 546‑square‑foot unit includes a 100‑square‑foot enclosed porch, 2 bedrooms, and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,038
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,760
$620.8K
Cap Rate 7%
$443,400
$443.4K
Cap Rate 9%
$344,867
$344.9K
Market Conditions
NOI Build-Up for 1,662 SF
Gross rent
$49.9K $30.00/SF
− Vacancy
−$8.5K −$5.10/SF
EGI
$41.4K $24.90/SF
− OpEx
−$10.3K −$6.23/SF
NOI
$31.0K $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%
$620,760
Cap Rate 7%
$443,400
Cap Rate 9%
$344,867
Alternative Uses
Best Use
Office B
$443.4K
$388.0K – $517.3K
NOI $31,038 @ 7.0% cap · market cap 4.06%
Second Best
Mixed Use
$313.4K
$274.2K – $365.6K
NOI $21,938 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$535.4K
$468.5K – $624.6K
NOI $37,477 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Sprinkler system
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,853
Businesses Nearby
Explore this area
Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Orlando, FL
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office space, a renovated residential unit, separate electric metering, and on-site parking support flexible occupancy options.
Where is this mixed-use property located?
The property is located at 1922 HILLCREST Street Orlando, FL.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 1,662 square feet across the main office and detached residential unit; Main building offers 1,016 square feet with two private offices and an open work area; Detached 546‑square‑foot unit includes a 100‑square‑foot enclosed porch, 2 bedrooms, and 1 bathroom
