Infill Office
For Sale
Contact for pricing
219 Pasadena Place, Orlando, FL 32803
For sale office units totaling 1,504 sq. ft., marketed as an owner-occupant alternative with flexible zoning considerations.
Property Size1,504 SF
Price / SF$412.23
Days on Market174
Property Features for 219 Pasadena Place
General Information
Standard status
Active
Size
1,504 SF
Total Parking Spaces
10
Property subtype
Office
Zoning
MXD-2/T
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Listing Agency:
Cushman & Wakefield - Orlando, Florida
Listed By:
Sam King · License #FL3406051
(407) 949-0898
Source:
Crexi
Added: May 2
Changed: Oct 20
Last Checked: Oct 20 at 7:26PM
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 Cushman & Wakefield - Orlando, Florida
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Investment Insights
Based on property information with market context.
This infill office property at 219 Pasadena Place consists of office units and totals 1,504 sq. ft. It is offered for sale, with public remarks describing flexible zoning and the ability to serve both immediate functional use and future leasing considerations.
The property is described as being positioned between Downtown Orlando and Lake Ivanhoe, providing convenient routes to I-4 and SR 408 while remaining near Ivanhoe Village and the North Quarter’s retail, dining, and professional services.
As presented in the remarks, this is an ownership alternative for small owner-users rather than leasing, supported by flexible zoning and long-term appreciation potential cited by the seller.
The property is described as being positioned between Downtown Orlando and Lake Ivanhoe, providing convenient routes to I-4 and SR 408 while remaining near Ivanhoe Village and the North Quarter’s retail, dining, and professional services.
As presented in the remarks, this is an ownership alternative for small owner-users rather than leasing, supported by flexible zoning and long-term appreciation potential cited by the seller.
Key Highlights
- Infill office property positioned between Downtown Orlando and Lake Ivanhoe.
- Total office area: 1,504 sq. ft. (for sale office units).
- Convenient access to I‑4 and SR 408, with minutes to the Central Business District.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,087
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$561,740
$561.7K
Cap Rate 7%
$401,243
$401.2K
Cap Rate 9%
$312,078
$312.1K
Market Conditions
NOI Build-Up for 1,504 SF
Gross rent
$45.1K $30.00/SF
− Vacancy
−$7.7K −$5.10/SF
EGI
$37.4K $24.90/SF
− OpEx
−$9.4K −$6.23/SF
NOI
$28.1K $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%
$561,740
Cap Rate 7%
$401,243
Cap Rate 9%
$312,078
Alternative Uses
Best Use
Office B
$401.2K
$351.1K – $468.1K
NOI $28,087 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$484.5K
$423.9K – $565.2K
NOI $33,914 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,248
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Office unit - For sale office units totaling 1,504 sq. ft., marketed as an owner-occupant alternative with flexible zoning considerations.
Where is this office unit located?
The property is located at 219 Pasadena Place Orlando, FL.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Infill office property positioned between Downtown Orlando and Lake Ivanhoe.; Total office area: 1,504 sq. ft. (for sale office units).; Convenient access to I‑4 and SR 408, with minutes to the Central Business District.
