Corner Office
For Sale
$445,000
Pending
3370 Rouse Road #120, Orlando, FL 32817
Commercial suite near UCF with access to major roads.
Property Size750 SF
Days on Market81
Property Features for 3370 Rouse Road #120
General Information
Standard status
Pending
Size
750 SF
Property subtype
Commercial
Additional Details
Corner Location
Yes
Listing Agency:
JADE STATE REALTY LLC
(786) 794-2564
Listed By:
JAVIER MEDINA PEREZ · License #A11771337
Source:
Corcoran
Added: Jun 11
Changed: Aug 29
Last Checked: Aug 29 at 11:16PM
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 JADE STATE REALTY LLC
Investment Insights
Based on property information with market context.
This 750-square-foot office unit is positioned on a corner at 3370 Rouse Road, Unit 120. The space is offered for purchase and is described as suitable for office, retail, or service-oriented business use. Its location near the University of Central Florida places it within an area associated with students, faculty, and professionals.
Major-road access connects the unit with the surrounding Orlando commercial area. The broader UCF and Research Parkway vicinity is described as receiving foot traffic from the university community and nearby professionals. Unit 120 provides a defined commercial space within this active university-area setting.
Major-road access connects the unit with the surrounding Orlando commercial area. The broader UCF and Research Parkway vicinity is described as receiving foot traffic from the university community and nearby professionals. Unit 120 provides a defined commercial space within this active university-area setting.
Key Highlights
- 750‑square‑foot corner office unit
- 3370 Rouse Road, Unit 120, Orlando, FL 32817
- Near the University of Central Florida
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
$14,006
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
3.15%
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%
$280,120
$280.1K
Cap Rate 7%
$200,086
$200.1K
Cap Rate 9%
$155,622
$155.6K
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
$22.5K $30.00/SF
− Vacancy
−$3.8K −$5.10/SF
EGI
$18.7K $24.90/SF
− OpEx
−$4.7K −$6.23/SF
NOI
$14.0K $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%
$280,120
Cap Rate 7%
$200,086
Cap Rate 9%
$155,622
Alternative Uses
Best Use
Office B
$200.1K
$175.1K – $233.4K
NOI $14,006 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.6K
$211.4K – $281.9K
NOI $16,912 @ 7.0% cap · market cap 3.80%
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
Explore this area
Business Placement
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 Office in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial suite near UCF with access to major roads.
Where is this office units located?
The property is located at 3370 Rouse Road #120 Orlando, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 750‑square‑foot corner office unit; 3370 Rouse Road, Unit 120, Orlando, FL 32817; Near the University of Central Florida
