Auto Shop with Duplex
For Sale
Under Contract
$295,000
22 N OHIO Street, Orlando, FL 32805
Commercial Sale, ORLANDO, FL
Property Size1,023 SF
Lot Size0.18 Acres
Price / SF$288.37
Days on Market206
Property Features for 22 N OHIO Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RSTD C-3
Subdivision
WAGNER SUB
Directions
John Young heading south , left on Old Winter Garden Rd, Right on N Ohio Street
Standard status
Active Under Contract
APN
28-22-29-8928-00-440
Size
1,023 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
WAGNER SUB F/60 LOT 44
Tax Annual Amount
1945
Legal Description
WAGNER SUB F/60 LOT 44
Utilities
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1933
Building materials
Block, Stucco
Listing Agency:
PROPERTY WAREHOUSES OF AMERICA
(321) 234-2683
Listed By:
Anthony Hardy · License #543212
(407) 383-1574
Added: Feb 4
Changed: Aug 24
Last Checked: Aug 29 at 7:06PM
MLS# O6379920
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 1,023-square-foot property is identified for auto shop use and includes a residential duplex configuration. The building dates to 1933 and uses block and stucco construction, with cooling provided by wall or window units.
The parcel encompasses 0.18 acres at 22 N Ohio Street in Orlando’s 32805 ZIP code. Zoning is listed as RSTD C-3, and the property information identifies C-3 use. The combination of automotive and residential characteristics creates a distinct small-scale commercial asset.
The parcel encompasses 0.18 acres at 22 N Ohio Street in Orlando’s 32805 ZIP code. Zoning is listed as RSTD C-3, and the property information identifies C-3 use. The combination of automotive and residential characteristics creates a distinct small-scale commercial asset.
Key Highlights
- 1,023‑square‑foot property on a 0.18‑acre parcel
- Auto shop classification with C‑3 use
- Residential duplex configuration
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
$20,088
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
6.81%
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%
$401,760
$401.8K
Cap Rate 7%
$286,971
$287.0K
Cap Rate 9%
$223,200
$223.2K
Market Conditions
NOI Build-Up for 1,023 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
$29.7K $29.04/SF
− Vacancy
−$1.0K −$0.99/SF
EGI
$28.7K $28.05/SF
− OpEx
−$8.6K −$8.42/SF
NOI
$20.1K $19.64/SF
Area
Orlando, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
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%
$401,760
Cap Rate 7%
$286,971
Cap Rate 9%
$223,200
Alternative Uses
Best Use
Retail
$287.0K
$251.1K – $334.8K
NOI $20,088 @ 7.0% cap · market cap 6.81%
Second Best
Multifamily LT 5
$207.3K
$181.4K – $241.9K
NOI $14,513 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$329.5K
$288.4K – $384.5K
NOI $23,068 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32805, FL
23,331
Population
9,332
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
6.8 sq mi
ZIP Area
3,431
Density / Sq Mi
$39,425
Median Household Income
$29,592
Median Earnings
$1,112
Median Rent
$226,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - The property combines C-3 use with a residential duplex configuration in Orlando.
Where is this auto shop located?
The property is located at 22 N OHIO Street Orlando, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,023‑square‑foot property on a 0.18‑acre parcel; Auto shop classification with C‑3 use; Residential duplex configuration
