Flex Office/Warehouse
For Sale
$1,100,000
3-6881 Kingspointe Pkwy, Orlando, FL 32819
2006-built flex unit with office, warehouse, mezzanine storage, and dock-high roll-up loading for efficient operations.
Property Size4,158 SF
Price / SF$264.55
Days on Market182
Property Features for 3-6881 Kingspointe Pkwy
General Information
Standard status
Active
Size
4,158 SF
Additional Details
Dock-High Doors
1
Taxes and HOA fees
Annual Taxes
$14,926
Building Details
Year Built
2006
Listing Agency:
ROBERT SLACK LLC
(954) 448-4287
Listed By:
Andre Freitas · License #3509505
(407) 690-9173
Source:
Exprealty
Added: Mar 9
Changed: Sep 5
Last Checked: Sep 5 at 1:34PM
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 ROBERT SLACK LLC
Investment Insights
Based on property information with market context.
Constructed in 2006, this well-maintained commercial condominium unit is located within Drewtina Commerce Center at Crownpointe Commerce Park. The flexible layout combines approximately 1,950 SF of office space, 1,950 SF of warehouse area, and 600 SF of mezzanine storage, supporting a mix of office, distribution, showroom, or light industrial use. Oversized windows help bring in natural light, and the façade is described as an elegant Italian travertine exterior.
The unit offers an on-site loading configuration including a dock-high bay roll-up door at the rear, designed for efficient loading and unloading and to accommodate full-size tractor-trailers. Ample parking and convenient loading areas are noted as part of the overall property setup. The seller indicates openness to a lease-back arrangement.
The unit offers an on-site loading configuration including a dock-high bay roll-up door at the rear, designed for efficient loading and unloading and to accommodate full-size tractor-trailers. Ample parking and convenient loading areas are noted as part of the overall property setup. The seller indicates openness to a lease-back arrangement.
Key Highlights
- Constructed in 2006 and located within Drewtina Commerce Center at Crownpointe Commerce Park in Orlando
- Flex layout includes approx. 1,950 SF office, 1,950 SF warehouse, and 600 SF mezzanine storage
- Rear dock‑high bay roll‑up door supports efficient loading and unloading and can accommodate full‑size tractor‑trailers
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
$77,651
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
7.06%
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%
$1,553,020
$1.6M
Cap Rate 7%
$1,109,300
$1.1M
Cap Rate 9%
$862,789
$862.8K
Market Conditions
NOI Build-Up for 4,158 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
$124.7K $30.00/SF
− Vacancy
−$21.2K −$5.10/SF
EGI
$103.5K $24.90/SF
− OpEx
−$25.9K −$6.23/SF
NOI
$77.7K $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%
$1,553,020
Cap Rate 7%
$1,109,300
Cap Rate 9%
$862,789
Alternative Uses
Best Use
Office B
$1.11M
$970.6K – $1.29M
NOI $77,651 @ 7.0% cap · market cap 7.06%
Second Best
Warehouse
$402.9K
$352.6K – $470.1K
NOI $28,205 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,761 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32819, FL
30,857
Population
14,689
Households
2.1
Avg Household Size
40
Median Age
51%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,491
Density / Sq Mi
$94,386
Median Household Income
$47,166
Median Earnings
$1,947
Median Rent
$454,000
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 - 2006-built flex unit with office, warehouse, mezzanine storage, and dock-high roll-up loading for efficient operations.
Where is this flex space located?
The property is located at 3-6881 Kingspointe Pkwy Orlando, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Constructed in 2006 and located within Drewtina Commerce Center at Crownpointe Commerce Park in Orlando; Flex layout includes approx. 1,950 SF office, 1,950 SF warehouse, and 600 SF mezzanine storage; Rear dock‑high bay roll‑up door supports efficient loading and unloading and can accommodate full‑size tractor‑trailers
