Two-Story Office Building with Multi-Tenant
New
For Sale
$849,999
200 N THORNTON Ave, Orlando, FL 32801
Two-story office building with private offices, collaborative workspaces, and four second-floor HVAC systems.
Days on Market5
Property Features for 200 N THORNTON Ave
General Information
Standard status
Active
Total Parking Spaces
10
Property subtype
Commercial
Additional Details
Public Transit
Yes
Building Details
Building Size
2,613 SF
Year Built
1986
Buildings
1
Stories
2
Construction
poured concrete
Listing Agency:
(407) 802-7337
Listed By:
Parker Blanchard · License #3460165
(407) 802-7337
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 2 at 11:41AM
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 Parker Blanchard
Investment Insights
Based on property information with market context.
This two-story office building offers a flexible interior layout designed for multiple occupancy configurations. Spaces include private offices, open collaborative work areas, conference areas, and an executive suite with its own full bathroom. The building is supported by durable poured concrete walls and includes a reserved elevator shaft for a potential future elevator installation. Separate electrical systems provide additional flexibility, with four dedicated systems in total: one serving the first floor and three serving the second.
On-site convenience includes 10 dedicated parking spaces. The building has four HVAC systems, with the upstairs unit recently replaced, and it features an approximately eight-year-old roof. Constructed in 1986, the property is positioned in Thornton Park with convenient access to major roadways, SunRail, Downtown Orlando, and Orlando International Airport.
The layout and utility separation make the building well suited for owner-users or businesses evaluating multi-tenant office use.
On-site convenience includes 10 dedicated parking spaces. The building has four HVAC systems, with the upstairs unit recently replaced, and it features an approximately eight-year-old roof. Constructed in 1986, the property is positioned in Thornton Park with convenient access to major roadways, SunRail, Downtown Orlando, and Orlando International Airport.
The layout and utility separation make the building well suited for owner-users or businesses evaluating multi-tenant office use.
Key Highlights
- Poured concrete walls and reserved elevator shaft for potential future elevator installation
- Four separate electrical systems: one for the first floor and three for the second
- Two‑story office layout with private offices, collaborative workspaces, conference areas, and an executive suite
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 | $78.4k | $30.00 |
| − Vacancy | −$13.3k | −$5.10 |
| EGI | $65.1k | $24.90 |
| − OpEx | −$16.3k | −$6.23 |
| NOI | $48.8k | $18.67 |
2,613 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$697.1K
$610.0K – $813.3K
NOI $48,798 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$841.7K
$736.5K – $982.0K
NOI $58,922 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,950
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 - Two-story office building with private offices, collaborative workspaces, and four second-floor HVAC systems.
Where is this office building located?
The property is located at 200 N THORNTON Ave Orlando, FL.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Poured concrete walls and reserved elevator shaft for potential future elevator installation; Four separate electrical systems: one for the first floor and three for the second; Two‑story office layout with private offices, collaborative workspaces, conference areas, and an executive suite
