Downtown Orlando Historic Office
28-44 West Central Blvd, Orlando, FL 32801
Four-story, 36,000 SF office building in Downtown Orlando CBD.
Type:Office
Property size:
36,000 SFPrice / SF:
$333/SF- Added:
- Mar 6, 2026
- Days on Market:
- 77
- Last Refresh:
- Apr 5 at 10:57 pm
Property Features for 28-44 West Central Blvd
General Information
- Standard status
- Active
- Size
- 36,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1912
Listing agent Jeffrey Bloom, CCIM (407) 949-0709
Listing office NAI Realvest | Orlando (407) 949-0709
Listing date Mar 6, 2026
Source Naiglobal
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 NAI Realvest | Orlando
HighLights
- Prime Downtown Orlando CBD location.
- Substantial owner‑occupancy potential with up to 27,000 SF or more available.
- Rare opportunity: first time on the market in over 45 years.
- Reinforced roof (5,000± SF) suitable for deck or open‑air use.
- Excellent accessibility to major transportation arteries (I‑4, Colonial Drive, SR 408, Orange Blossom Trail).
- Walking distance to SunRail, hotels, Amway Center, Dr. Phillips Center, restaurants, and banking.
Overview
This is a 36,000 square foot, four-story office building with additional land available for parking and outdoor space. The historic brick building, constructed in 1912, features structural steel framing. Located in the center of Downtown Orlando's CBD, the property offers convenient access to I-4, Colonial Drive (SR 50), SR 408 (East-West), and Orange Blossom Trail. The zoning is AC-3A/T/HP (City of Orlando). The location is within walking distance of the Church Street SunRail station, the Grand Bohemian, AC Hotel by Marriott, and Hilton Garden Inn hotels. It is also close to the Amway Center and Dr. Phillips Center, and surrounded by restaurants and banking. Approximately 5,000 square feet of the roof is reinforced, allowing for deck or open-air use. A new owner has the option to occupy up to 27,000 square feet or more of the building.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$7.47M
NOI $672,300 @ 9.00% cap · cautious / downside scenario
Moderate
$9.60M
NOI $672,300 @ 7.00% cap · market / base-case scenario
Aggressive
$13.45M
NOI $672,300 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.08M | $30.00 |
| − Vacancy | −$183.6k | −$5.10 |
| EGI | $896.4k | $24.90 |
| − OpEx | −$224.1k | −$6.23 |
| NOI | $672.3k | $18.67 |
36,000 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$9.60M
$8.40M – $11.21M
NOI $672,300 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.60M
$10.15M – $13.53M
NOI $811,780 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Brevard
- State
- Florida
- Longitude
- -81.3798
- Latitude
- 28.542
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Four-story, 36,000 SF office building in Downtown Orlando CBD.
Where is this office building located?
The property is located at 28-44 West Central Blvd Orlando, FL.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Prime Downtown Orlando CBD location.; Substantial owner‑occupancy potential with *up to 27,000 SF or more* available.; Rare opportunity: first time on the market in over 45 years.
