Renovated Professional Office
2878 South Osceola Avenue Unit 5E Orlando, FL 32806
For Sale
$345,000
Renovated 958 SF office condo with two office areas, natural light, recessed lighting, updated flooring, and a renovated break room.
Property Size958 SF
Price / SF$360.13
Days on Market32
Property Features for 2878 South Osceola Avenue Unit 5E
General Information
- Standard status
- Active
- Size
- 958 SF
- Property subtype
- Single Tenant Office
Building Details
- Year Built
- 1973
Listing Agency:
Blueprint Commercial
(407) 432-7675
Listed By:
Brooke Grahl-Quttaineh, CCIM
(407) 432-7675
Source:
Thebrokerlist
Added: Jun 22
Changed: Jul 21
Last Checked: Jul 23 at 2:36AM
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 Blueprint Commercial
Investment Insights
Based on property information with market context.
This well-maintained professional office condominium offers approximately 958 SF of renovated interior space. The layout includes two separate office areas with natural light and oversized windows, plus a dedicated printer area. Interior improvements include a completely renovated break room and a bathroom with a bonus shower, along with new tile flooring and recessed lighting. A recently replaced roof and continued condominium upkeep support a clean, ready-to-occupy environment.
The unit is located on South Osceola Avenue in Orlando’s SODO district. The property provides convenient accessibility with ample parking and well-maintained landscaping, and it is described as having easy access to Orange Avenue and Michigan Street, as well as 408 and I-4. The remarks also note proximity to the Orlando Health Downtown Campus and convenient connectivity to downtown Orlando.
Zoned O-2/SP, the space is described as accommodating a variety of professional office and medical uses, offering flexibility for qualified operations within the permitted zoning framework.
The unit is located on South Osceola Avenue in Orlando’s SODO district. The property provides convenient accessibility with ample parking and well-maintained landscaping, and it is described as having easy access to Orange Avenue and Michigan Street, as well as 408 and I-4. The remarks also note proximity to the Orlando Health Downtown Campus and convenient connectivity to downtown Orlando.
Zoned O-2/SP, the space is described as accommodating a variety of professional office and medical uses, offering flexibility for qualified operations within the permitted zoning framework.
Key Highlights
- Well‑maintained 958 SF professional office condominium (condo unit) built in 1973
- Two separate office areas with natural light and oversized windows
- Recent renovations include new tile flooring and recessed lighting
Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.7k | $30.00 |
| − Vacancy | −$4.9k | −$5.10 |
| EGI | $23.9k | $24.90 |
| − OpEx | −$6.0k | −$6.23 |
| NOI | $17.9k | $18.67 |
958 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$255.6K
$223.6K – $298.2K
NOI $17,891 @ 7.0% cap · market cap 5.19%
Second Best
Healthcare Medical
$195.1K
$170.7K – $227.6K
NOI $13,657 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$308.6K
$270.0K – $360.0K
NOI $21,602 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
EradiTatt Tattoo Removal ...
Tattoo & Piercing Shop
Elevate Florida Group ...
Real Estate Agency
FAQs
What type of property is this?
Office units - Renovated 958 SF office condo with two office areas, natural light, recessed lighting, updated flooring, and a renovated break room.
Where is this office units located?
The property is located at 2878 South Osceola Avenue Unit 5E Orlando, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Well‑maintained 958 SF professional office condominium (condo unit) built in 1973; Two separate office areas with natural light and oversized windows; Recent renovations include new tile flooring and recessed lighting
