Two-Unit Flex Space with
3239 Old Winter Garden Road Unit 9A & 9B, Orlando, FL 32805
For Sale
$749,900
Finished office and adjoining warehouse provide a combined commercial configuration with conversion flexibility.
Property Size2,607 SF
Price / SF$287.65
Days on Market193
Property Features for 3239 Old Winter Garden Road Unit 9A & 9B
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Building Details
Year Built
Construction
Listing Agency:
LAWHUN ENTERPRISES IV,LLC DBA: FLORIDA REALTY INVESTMENTS IV
Listed By:
Smith Salomon · License FL #3104595
(407) 724-9127
Source:
Realtygroupfl
Added: May 4
Changed: Nov 10
Last Checked: Nov 12 at 8:39AM
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 LAWHUN ENTERPRISES IV,LLC DBA: FLORIDA REALTY INVESTMENTS IV
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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 flex-space offering includes two adjoining commercial unit condominiums, comprising a finished office unit and a warehouse unit. The office includes central A/C, while the warehouse can be converted into additional office areas. Both units feature block construction and were built in 2006.
The property is located at 3239 Old Winter Garden Road, Units 9A and 9B, in Orlando, Florida. Access is available to major routes including 408, I-4, and Colonial Drive. The combined property size is listed as 2,607.
The property is located at 3239 Old Winter Garden Road, Units 9A and 9B, in Orlando, Florida. Access is available to major routes including 408, I-4, and Colonial Drive. The combined property size is listed as 2,607.
Key Highlights
- Two adjoining commercial unit condominiums at 3239 Old Winter Garden Road, Units 9A and 9B
- Finished office unit with central A/C
- Adjoining warehouse unit can be converted into office areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,686
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$973,720
$973.7K
Cap Rate 7%
$695,514
$695.5K
Cap Rate 9%
$540,956
$541.0K
Market Conditions
NOI Build-Up for 2,607 SF
Gross rent
$78.2K $30.00/SF
− Vacancy
−$13.3K −$5.10/SF
EGI
$64.9K $24.90/SF
− OpEx
−$16.2K −$6.23/SF
NOI
$48.7K $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 Rate 5%
$973,720
Cap Rate 7%
$695,514
Cap Rate 9%
$540,956
Alternative Uses
Best Use
Office B
$695.5K
$608.6K – $811.4K
NOI $48,686 @ 7.0% cap · market cap 6.49%
Second Best
Warehouse
$252.6K
$221.1K – $294.7K
NOI $17,684 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$839.8K
$734.8K – $979.8K
NOI $58,786 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,049
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
$226,100
Median Home Value
Market
Average Price Trend$/SF for Flex space in Orlando, FL
Properties on Market for Flex space in Orlando
Vacancy Rate% for Office in Orlando, FL
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Finished office and adjoining warehouse provide a combined commercial configuration with conversion flexibility.
Where is this flex space located?
The property is located at 3239 Old Winter Garden Road Unit 9A & 9B Orlando, FL.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two adjoining commercial unit condominiums at 3239 Old Winter Garden Road, Units 9A and 9B; Finished office unit with central A/C; Adjoining warehouse unit can be converted into office areas
