Office-Warehouse with Shop
For Sale
$1,500,000
2909 Old Winter Garden Road ORLANDO, Orlando, FL 32805
Versatile office, warehouse, and shop configuration with ample parking and hangar-style access doors for equipment or vehicle use.
Property Size10,901 SF
Price / SF$162.85
Days on Market41
Property Features for 2909 Old Winter Garden Road ORLANDO
General Information
Standard status
Active
Size
10,901 SF
Zoning
I-G
Additional Details
Drive-In Doors
3
Taxes and HOA fees
Annual Taxes
$15,779
Amenities
Carpet,Concrete
Public Records
true
Public
23410
0.54
false
1 to 5 Spaces
Asphalt,Concrete,Dirt,Gravel
Slab
County Road
10901
2
1
Building Details
Building Size
10,901 SF
Year Built
1958
Buildings
2
Listing Agency:
(904) 569-5862
Listed By:
Anthony Gotham
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Aug 15
Last Checked: Aug 15 at 10:21AM
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 Anthony Gotham
Investment Insights
Based on property information with market context.
This versatile office/warehouse and shop property combines multiple operating spaces under one roof. It includes over 6,000 sq. ft. of warehouse area with multiple offices, along with an upstairs apartment suitable for live/work use or additional administrative space. A 3,431 sq. ft. shop rounds out the improvements, featuring three large sliding hangar-style doors for practical equipment and vehicle access. The site also includes a canopy that supports covered parking and/or outdoor workspace, helping the property function effectively for day-to-day operations.
Access is available from both Old Winter Garden Road and John Young Parkway, supporting convenient approach for employees, customers, and deliveries. The property is positioned in a high-visibility, high-traffic area, with downtown Orlando only minutes away.
Designed for businesses that need both workspace and storage, the layout can support office-driven operations alongside warehouse and shop activity. The combination of multiple offices, a dedicated shop with large door access, and an upstairs apartment offers flexibility for a variety of tenant or owner-operator needs, from live/work arrangements to separate administrative space. Ample parking further supports customer and staff access for a range of use cases.
Access is available from both Old Winter Garden Road and John Young Parkway, supporting convenient approach for employees, customers, and deliveries. The property is positioned in a high-visibility, high-traffic area, with downtown Orlando only minutes away.
Designed for businesses that need both workspace and storage, the layout can support office-driven operations alongside warehouse and shop activity. The combination of multiple offices, a dedicated shop with large door access, and an upstairs apartment offers flexibility for a variety of tenant or owner-operator needs, from live/work arrangements to separate administrative space. Ample parking further supports customer and staff access for a range of use cases.
Key Highlights
- 2‑building office/warehouse and shop property on a 0.54‑acre lot (23,410 SF total land).
- Total building area: 10,901 SF; year built 1958.
- Over 6,000 SF warehouse with multiple offices and an upstairs apartment for live/work or administrative 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
$121,585
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
8.11%
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%
$2,431,700
$2.4M
Cap Rate 7%
$1,736,929
$1.7M
Cap Rate 9%
$1,350,944
$1.4M
Market Conditions
NOI Build-Up for 9,211 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
$221.1K $24.00/SF
− Vacancy
−$26.5K −$2.88/SF
EGI
$194.5K $21.12/SF
− OpEx
−$73.0K −$7.92/SF
NOI
$121.6K $13.20/SF
Area
Orlando, FL
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,431,700
Cap Rate 7%
$1,736,929
Cap Rate 9%
$1,350,944
Alternative Uses
Best Use
Office B
$2.46M
$2.15M – $2.87M
NOI $172,015 @ 7.0% cap · market cap 11.47%
Second Best
Mixed Use
$1.74M
$1.52M – $2.03M
NOI $121,585 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$2.97M
$2.60M – $3.46M
NOI $207,703 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,180
Businesses Nearby
Balanced
Demand for This Use
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 Office in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile office, warehouse, and shop configuration with ample parking and hangar-style access doors for equipment or vehicle use.
Where is this flex space located?
The property is located at 2909 Old Winter Garden Road ORLANDO Orlando, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2‑building office/warehouse and shop property on a 0.54‑acre lot (23,410 SF total land).; Total building area: 10,901 SF; year built 1958.; Over 6,000 SF warehouse with multiple offices and an upstairs apartment for live/work or administrative use.
