Mixed-Use Property with
For Sale
$315,000
22 North Ohio Avenue, Orlando, FL 32805
The property combines an automotive business area with a residential duplex.
Property Size1,023 SF
Price / SF$307.92
Days on Market222
Property Features for 22 North Ohio Avenue
General Information
Standard status
Active
Size
1,023 SF
Property subtype
Commercial Sale / Mixed Use
Zoning
RSTD C-3
Taxes and HOA fees
Annual Taxes
$1,945
Amenities
Wall/Window Unit(s)
No
Square Feet
Slab
Block, Stucco
Building Details
Year Built
1933
Listing Agency:
PROPERTY WAREHOUSES OF AMERICA
(407) 383-1574
Listed By:
Anthony Hardy · License #543212
(407) 383-1574
Source:
Compass
Added: Jan 21
Changed: Aug 30
Last Checked: Aug 31 at 1:14AM
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 WAREHOUSES OF AMERICA
Investment Insights
Based on property information with market context.
This mixed-use property includes an automotive business area and a residential duplex. The stated zoning is RSTD C-3, with C-3 use identified for the property. Improvements date to 1933 and include block and stucco construction on a slab foundation, along with wall/window unit features.
The property is located at 22 North Ohio Avenue in Orlando, Florida 32805.
The property is located at 22 North Ohio Avenue in Orlando, Florida 32805.
Key Highlights
- Automotive business area included
- Residential duplex component
- RSTD C‑3 zoning with C‑3 use
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
6.38%
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 6.38%
Second Best
Multifamily LT 5
$207.3K
$181.4K – $241.9K
NOI $14,513 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$329.5K
$288.4K – $384.5K
NOI $23,068 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
919
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines an automotive business area with a residential duplex.
Where is this mixed-use property located?
The property is located at 22 North Ohio Avenue Orlando, FL.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Automotive business area included; Residential duplex component; RSTD C‑3 zoning with C‑3 use
