Renovated Flex
New
For Sale
$5,000,000
2453 Orlando Central Pkwy, Orlando, FL 32809
Fully fenced, gated property combines professional workspace with finished industrial accommodation.
Property Size10,839 SF
Lot Size1.00 Acre
Price / SF$461.30
Days on Market7
Property Features for 2453 Orlando Central Pkwy
General Information
Standard status
Active
Size
10,839 SF
Class
Class A
Lot size
1.00 Acre
Warehouse & Industrial
Clear Height
14 ft
Voltage
220 V
Conditioned Warehouse
Yes
Additional Details
Fenced Yard
Yes
Amenities
conference rooms
reception area
break room
kitchen
Building Details
Year Built
1996
Buildings
1
Building Size
10,839 SF
Listing Agency:
CENTURY 21 CARIOTI
(407) 744-3457
Listed By:
Mary Gervais
Source:
Livewelltampabay
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 28 at 1:04PM
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 CENTURY 21 CARIOTI
Investment Insights
Based on property information with market context.
This 10,839+- SF flex property combines a professional office component with finished warehouse space on a 1-acre lot. The building, constructed in 1996, includes more than 30 private offices, nine multi-use areas, conference rooms, reception space, a break room, and a kitchen. The warehouse has 14-foot ceilings, an overhead receiving door, 110V and 220V electric service, and non-load-bearing walls that can be removed to enlarge the open area. The property is fully under air and has new flooring, epoxy warehouse floors, new HVAC, and a roof backed by a 20-year warranty.
Located at 2453 Orlando Central Pkwy in Orlando, the site is fully fenced and gated. Its office-and-warehouse configuration supports owner-user operations requiring both finished workspace and functional industrial area.
Located at 2453 Orlando Central Pkwy in Orlando, the site is fully fenced and gated. Its office-and-warehouse configuration supports owner-user operations requiring both finished workspace and functional industrial area.
Key Highlights
- 10,839+- SF building on a 1‑acre (43,560+- SF) fully fenced and gated lot
- More than 30 private offices plus 9 multi use spaces
- Finished warehouse space with 14‑foot ceilings and overhead receiving door
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
$202,418
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
4.05%
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%
$4,048,360
$4.0M
Cap Rate 7%
$2,891,686
$2.9M
Cap Rate 9%
$2,249,089
$2.2M
Market Conditions
NOI Build-Up for 10,839 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
$325.2K $30.00/SF
− Vacancy
−$55.3K −$5.10/SF
EGI
$269.9K $24.90/SF
− OpEx
−$67.5K −$6.23/SF
NOI
$202.4K $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%
$4,048,360
Cap Rate 7%
$2,891,686
Cap Rate 9%
$2,249,089
Alternative Uses
Best Use
Office B
$2.89M
$2.53M – $3.37M
NOI $202,418 @ 7.0% cap · market cap 4.05%
Second Best
Warehouse
$1.05M
$919.1K – $1.23M
NOI $73,524 @ 7.0% cap · market cap 1.47%
Theoretical Best
Office A
$3.49M
$3.06M – $4.07M
NOI $244,413 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32809, FL
29,478
Population
10,674
Households
2.8
Avg Household Size
36
Median Age
23%
College-Educated
79%
High-School Grad
10.4 sq mi
ZIP Area
2,834
Density / Sq Mi
$52,203
Median Household Income
$30,985
Median Earnings
$1,368
Median Rent
$281,000
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Fully fenced, gated property combines professional workspace with finished industrial accommodation.
Where is this flex space located?
The property is located at 2453 Orlando Central Pkwy Orlando, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 10,839+- SF building on a 1‑acre (43,560+- SF) fully fenced and gated lot; More than 30 private offices plus 9 multi use spaces; Finished warehouse space with 14‑foot ceilings and overhead receiving door
