Leased Flex Space with
New
For Sale
$5,000,000
2906 N ORANGE BLOSSOM TRAIL, Orlando, FL 32804
Fully leased flex property with two billboard structures carrying five advertising signs.
Property Size8,864 SF
Price / SF$564.08
Days on Market6
Property Features for 2906 N ORANGE BLOSSOM TRAIL
General Information
Standard status
Active
Size
8,864 SF
Property subtype
Industrial
Occupancy
100%
Building Details
Year Built
1946
Listing Agency:
MARKET CONNECT REALTY LLC
(407) 250-4708
Listed By:
Debra Vallier, PA · License #3242432
Source:
Dennisrealty
Added: Aug 6
Changed: Aug 11
Last Checked: Aug 11 at 6:54AM
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 MARKET CONNECT REALTY LLC
Investment Insights
Based on property information with market context.
Offered for sale, this 8,864-square-foot flex space provides a commercial building configuration with an existing lease in place. Constructed in 1946, the property is currently fully leased and includes two billboard structures with a combined total of five advertising signs.
The property is located at 2906 N Orange Blossom Trail in Orlando, Florida. Its stated use profile encompasses industrial, service, commercial, warehouse, and automotive-related operations, subject to independent verification of zoning and permitted uses. The billboard installations provide an additional property component alongside the leased building space.
The property is located at 2906 N Orange Blossom Trail in Orlando, Florida. Its stated use profile encompasses industrial, service, commercial, warehouse, and automotive-related operations, subject to independent verification of zoning and permitted uses. The billboard installations provide an additional property component alongside the leased building space.
Key Highlights
- 8,864‑square‑foot flex space
- Currently fully leased
- Two billboards with five advertising signs in total
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
$174,061
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
3.48%
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%
$3,481,220
$3.5M
Cap Rate 7%
$2,486,586
$2.5M
Cap Rate 9%
$1,934,011
$1.9M
Market Conditions
NOI Build-Up for 8,864 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
$257.4K $29.04/SF
− Vacancy
−$8.8K −$0.99/SF
EGI
$248.7K $28.05/SF
− OpEx
−$74.6K −$8.42/SF
NOI
$174.1K $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%
$3,481,220
Cap Rate 7%
$2,486,586
Cap Rate 9%
$1,934,011
Alternative Uses
Best Use
Retail
$2.49M
$2.18M – $2.90M
NOI $174,061 @ 7.0% cap · market cap 3.48%
Second Best
Warehouse
$859.0K
$751.6K – $1.00M
NOI $60,127 @ 7.0% cap · market cap 1.20%
Theoretical Best
Office A
$2.86M
$2.50M – $3.33M
NOI $199,878 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32804, FL
19,084
Population
10,127
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
2,651
Density / Sq Mi
$113,466
Median Household Income
$61,227
Median Earnings
$1,717
Median Rent
$498,700
Median Home Value
Market
Vacancy Rate% for Industrial in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully leased flex property with two billboard structures carrying five advertising signs.
Where is this flex space located?
The property is located at 2906 N ORANGE BLOSSOM TRAIL 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: 8,864‑square‑foot flex space; Currently fully leased; Two billboards with five advertising signs in total
