Office Condominium with Private
302-2813 S Hiawassee Rd, Orlando, FL 32835
For Sale
$249,900
The third-floor suite includes elevator access and a covered parking space.
Property Size666 SF
Price / SF$375.23
Days on Market14
Property Features for 302-2813 S Hiawassee Rd
General Information
Standard status
Size
Total Parking Spaces
Elevators
Occupancy
Site & Location
Neighborhood
Highway Access
Road Access
Additional Details
Floor
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Tenancy
Owner Occupied
Listing Agency:
THE REAL ESTATE COLLECTION LLC
(407) 656-7814
Listed By:
Lisa Mahjoub · License FL SL3533505
(321) 217-9965
Source:
Exprealty
Added: Oct 28
Changed: Nov 10
Last Checked: Nov 10 at 2:20PM
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 THE REAL ESTATE COLLECTION LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 666-square-foot office condominium on the third floor is configured with two offices, a reception area, and a waiting area. Elevator access serves the suite, and the property includes one covered parking space along with additional on-site parking. The unit is currently occupied by a tenant.
The property is on South Hiawassee Road in Orlando, within the Hiawassee Place Commercial Condominium development. Florida’s Turnpike and Interstate 4 are cited as nearby access routes. The surrounding area includes offices, medical facilities, retail, restaurants, and residential communities. Veranda Park is within walking distance, while MetroWest Village is a short drive away.
The property is on South Hiawassee Road in Orlando, within the Hiawassee Place Commercial Condominium development. Florida’s Turnpike and Interstate 4 are cited as nearby access routes. The surrounding area includes offices, medical facilities, retail, restaurants, and residential communities. Veranda Park is within walking distance, while MetroWest Village is a short drive away.
Key Highlights
- 666‑square‑foot office condominium
- Interior includes 2 offices, a reception area, and a waiting area
- Third‑floor location with elevator access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,438
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,760
$248.8K
Cap Rate 7%
$177,686
$177.7K
Cap Rate 9%
$138,200
$138.2K
Market Conditions
NOI Build-Up for 666 SF
Gross rent
$20.0K $30.00/SF
− Vacancy
−$3.4K −$5.10/SF
EGI
$16.6K $24.90/SF
− OpEx
−$4.1K −$6.23/SF
NOI
$12.4K $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 Rate 5%
$248,760
Cap Rate 7%
$177,686
Cap Rate 9%
$138,200
Alternative Uses
Best Use
Office B
$177.7K
$155.5K – $207.3K
NOI $12,438 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$214.5K
$187.7K – $250.3K
NOI $15,018 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 32835, FL
45,380
Population
19,377
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
92%
High-School Grad
9.4 sq mi
ZIP Area
4,828
Density / Sq Mi
$70,183
Median Household Income
$38,953
Median Earnings
$1,764
Median Rent
$333,000
Median Home Value
Market
Average Price Trend$/SF for Office Units in Orlando, FL
Properties on Market for Office Units in Orlando
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Office unit - The third-floor suite includes elevator access and a covered parking space.
Where is this office unit located?
The property is located at 302-2813 S Hiawassee Rd Orlando, FL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 666‑square‑foot office condominium; Interior includes 2 offices, a reception area, and a waiting area; Third‑floor location with elevator access
