Open-Plan Office
New
For Sale
Contact for pricing
1950 Lee Road #103, Winter Park, FL 32789
Full-service occupancy includes cleaning and electricity.
Property Size531 SF
Price / SF$2.08
Days on Market5
Property Features for 1950 Lee Road #103
General Information
Standard status
Active
Size
531 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Property Use
Office
Listing Agency:
Property Professionals, Inc.
Listed By:
Robert A Bush · License #0654536
(305) 271-5051
Source:
Lehmannflorida
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:39AM
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 Property Professionals, Inc.
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Investment Insights
Based on property information with market context.
This 531-square-foot office suite has an open layout, wood-look flooring, gray walls, and white trim. Built-in closets with shelving provide storage for supplies, equipment, and records. The full-service lease includes cleaning and electricity.
The suite is at 1950 Lee Road, #103, in Winter Park, 1/4 mile from I-4 and 17/92, also known as Orlando Avenue.
The suite is at 1950 Lee Road, #103, in Winter Park, 1/4 mile from I-4 and 17/92, also known as Orlando Avenue.
Key Highlights
- 531‑square‑foot office suite with an open layout
- Full‑service lease includes cleaning and electricity
- Built‑in closets with shelving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,933
Suggested Prices Based on Cap Rates
Cap Rate 5%
$158,660
$158.7K
Cap Rate 7%
$113,329
$113.3K
Cap Rate 9%
$88,144
$88.1K
Market Conditions
NOI Build-Up for 531 SF
Gross rent
$12.7K $24.00/SF
− Vacancy
−$2.2K −$4.08/SF
EGI
$10.6K $19.92/SF
− OpEx
−$2.6K −$4.98/SF
NOI
$7.9K $14.94/SF
Area
Orange County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$158,660
Cap Rate 7%
$113,329
Cap Rate 9%
$88,144
Alternative Uses
Best Use
Office B
$113.3K
$99.2K – $132.2K
NOI $7,933 @ 7.0% cap · market cap 717.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$151.1K
$132.2K – $176.3K
NOI $10,578 @ 7.0% cap · market cap 956.42%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,705
Businesses Nearby
Explore this area
Business Placement
Demographics for 32789, FL
26,399
Population
12,945
Households
2
Avg Household Size
44
Median Age
63%
College-Educated
98%
High-School Grad
7.8 sq mi
ZIP Area
3,384
Density / Sq Mi
$100,213
Median Household Income
$65,652
Median Earnings
$1,667
Median Rent
$695,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Full-service occupancy includes cleaning and electricity.
Where is this office unit located?
The property is located at 1950 Lee Road #103 Winter Park, FL.
What are key features of this property?
This property features: 531‑square‑foot office suite with an open layout; Full‑service lease includes cleaning and electricity; Built‑in closets with shelving
