Commercial Condo Near
For Sale
$460,000
3370 ROUSE Rd 101, Orlando, FL 32817
750 sq ft commercial condo near UCF for sale.
Property Size750 SF
Price / SF$613.33
Days on Market106
Property Features for 3370 ROUSE Rd 101
General Information
Standard status
Active
Size
750 SF
Property subtype
Commercial
Building Details
Year Built
2022
Listing Agency:
(407) 782-7754
Listed By:
Algenib Tobar
(407) 782-7754
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 6 at 7:14AM
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 Algenib Tobar
Investment Insights
Based on property information with market context.
Located less than a mile from UCF, Unit 101 at University Station is a 750 sq ft street-level commercial condo constructed in 2022. The property offers visibility on Rouse Road, modern storefront glass, high ceilings, and shared parking. The flexible layout is suitable for retail, boutique office, wellness/medical, or professional services. The location is surrounded by dining, shops, and daily services at Waterford Lakes and the UCF/Research Park area. It provides access to major roads, Valencia College, Full Sail, and is approximately 20–25 minutes from Orlando International Airport. The property is located in a bikeable area with a score of 59, has some transit with a score of 38, and is car-dependent with a score of 5.
Key Highlights
- Prime location less than a mile from UCF with strong visibility on Rouse Road.
- Modern 2022 construction with storefront glass and high ceilings.
- Flexible 750 sq ft layout suitable for retail, office, wellness, or professional services.
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
$14,728
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
3.20%
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%
$294,560
$294.6K
Cap Rate 7%
$210,400
$210.4K
Cap Rate 9%
$163,644
$163.6K
Market Conditions
NOI Build-Up for 750 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
$21.8K $29.04/SF
− Vacancy
−$741 −$0.99/SF
EGI
$21.0K $28.05/SF
− OpEx
−$6.3K −$8.42/SF
NOI
$14.7K $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%
$294,560
Cap Rate 7%
$210,400
Cap Rate 9%
$163,644
Alternative Uses
Best Use
Retail
$210.4K
$184.1K – $245.5K
NOI $14,728 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.6K
$211.4K – $281.9K
NOI $16,912 @ 7.0% cap · market cap 3.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
187k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 86%
Hotels & Casinos 8%
Shops & Services 4%
Beauty & Spa 1%
Chick-fil-A
Dining
44,067 visits/mo
0.1 miles
Chipotle Mexican Grill
Dining
17,926 visits/mo
0.4 miles
Wendy's
Dining
15,887 visits/mo
0.1 miles
Buffalo Wild Wings
Dining
11,957 visits/mo
0.1 miles
IHOP
Dining
11,198 visits/mo
0.3 miles
Demographics for 32817, FL
40,376
Population
13,747
Households
2.9
Avg Household Size
29
Median Age
36%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
3,451
Density / Sq Mi
$78,546
Median Household Income
$34,316
Median Earnings
$1,741
Median Rent
$327,800
Median Home Value
Market
Vacancy Rate% for Retail in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - 750 sq ft commercial condo near UCF for sale.
Where is this storefront property located?
The property is located at 3370 ROUSE Rd 101 Orlando, FL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Prime location less than a mile from UCF with strong visibility on Rouse Road.; Modern 2022 construction with storefront glass and high ceilings.; Flexible 750 sq ft layout suitable for retail, office, wellness, or professional services.
