Corner-Lot Office
For Sale
Contact for pricing
200 N Thornton Ave, Orlando, FL 32801
Block construction offers private offices, open-plan flex space, and high ceilings.
Property Size2,565 SF
Price / SF$331.38
Days on Market8
Property Features for 200 N Thornton Ave
General Information
Standard status
Active
Size
2,565 SF
Class
B
Total Parking Spaces
10
Elevators
No
Property subtype
Office
Zoning
ORL-R-2A/T
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Amenities
high ceilings
private offices
open plan
flex space
large windows
handicap accessible
on site signage
Building Details
Year Built
1986
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Olde Town Brokers Inc
(407) 467-0900
Listed By:
Maria Blanchard · License #FL SL588804
Source:
Crexi
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 5:56AM
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 Olde Town Brokers Inc
Investment Insights
Based on property information with market context.
Built in 1986, this 2,565-square-foot office building features block construction, private offices, an open floor plan with flex space, high ceilings, and large windows that provide natural light. The property is handicap accessible, with mechanics in place to add an elevator. On-site signage is permitted, and the building includes 10 plus parking spaces on a large corner lot.
Located at 200 N Thornton Ave in downtown Orlando, the property offers access to I-4, 408, and 17-92. ORL-R-2A/T zoning supports the stated office classification, while the combination of enclosed offices and open flex area provides a varied commercial layout for an owner occupant or investor.
Located at 200 N Thornton Ave in downtown Orlando, the property offers access to I-4, 408, and 17-92. ORL-R-2A/T zoning supports the stated office classification, while the combination of enclosed offices and open flex area provides a varied commercial layout for an owner occupant or investor.
Key Highlights
- 2,565‑square‑foot office building constructed in 1986
- Private offices, open‑plan flex space, and high ceilings
- Handicap accessible with mechanics in place to add an elevator
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
$47,901
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
5.64%
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%
$958,020
$958.0K
Cap Rate 7%
$684,300
$684.3K
Cap Rate 9%
$532,233
$532.2K
Market Conditions
NOI Build-Up for 2,565 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
$77.0K $30.00/SF
− Vacancy
−$13.1K −$5.10/SF
EGI
$63.9K $24.90/SF
− OpEx
−$16.0K −$6.23/SF
NOI
$47.9K $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%
$958,020
Cap Rate 7%
$684,300
Cap Rate 9%
$532,233
Alternative Uses
Best Use
Office B
$684.3K
$598.8K – $798.4K
NOI $47,901 @ 7.0% cap · market cap 5.64%
Second Best
Industrial
$204.7K
$179.1K – $238.8K
NOI $14,329 @ 7.0% cap · market cap 1.69%
Theoretical Best
Office A
$826.3K
$723.0K – $964.0K
NOI $57,839 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
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 - Block construction offers private offices, open-plan flex space, and high ceilings.
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 $850,000.
What are key features of this property?
This property features: 2,565‑square‑foot office building constructed in 1986; Private offices, open‑plan flex space, and high ceilings; Handicap accessible with mechanics in place to add an elevator
