Leased Office Suite with Private
For Sale
$675,000
36 Semoran Boulevard, Orlando, FL 32807
Fully leased office with three tenants, private parking, and multiple access points.
Property Size2,144 SF
Price / SF$314.83
Days on Market98
Property Features for 36 Semoran Boulevard
General Information
Standard status
Active
Size
2,144 SF
Property subtype
Office
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$7,575
Amenities
Central Air
3
Building Details
Year Built
1954
Stories
1
Tenancy
Multi
Listing Agency:
THE WILKINS WAY LLC
(407) 874-0230
Listed By:
Brennen Broyles
Source:
Xome
Added: May 12
Changed: Aug 12
Last Checked: Aug 17 at 4:14AM
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 THE WILKINS WAY LLC
Investment Insights
Based on property information with market context.
36 S Semoran Boulevard offers a leased office configuration with three tenants in place. The space is described as having a strong private-office setup, with multiple access points for in-and-out convenience.
The property is positioned right off Semoran Boulevard and SR 408, with daily traffic noted in the marketing remarks. Private parking is also identified as part of the offering.
For tenants or owner-operators considering a smaller footprint, the layout is presented as well suited to lower guest traffic or lower staffing needs, based on the property’s internal office arrangement and entry access.
The property is positioned right off Semoran Boulevard and SR 408, with daily traffic noted in the marketing remarks. Private parking is also identified as part of the offering.
For tenants or owner-operators considering a smaller footprint, the layout is presented as well suited to lower guest traffic or lower staffing needs, based on the property’s internal office arrangement and entry access.
Key Highlights
- Fully leased office space with three tenants
- Private parking included
- Multiple access points in and out of the property
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
$40,039
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
5.93%
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%
$800,780
$800.8K
Cap Rate 7%
$571,986
$572.0K
Cap Rate 9%
$444,878
$444.9K
Market Conditions
NOI Build-Up for 2,144 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
$64.3K $30.00/SF
− Vacancy
−$10.9K −$5.10/SF
EGI
$53.4K $24.90/SF
− OpEx
−$13.3K −$6.23/SF
NOI
$40.0K $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%
$800,780
Cap Rate 7%
$571,986
Cap Rate 9%
$444,878
Alternative Uses
Best Use
Office B
$572.0K
$500.5K – $667.3K
NOI $40,039 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$690.7K
$604.3K – $805.8K
NOI $48,346 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Explore this area
Business Placement
Demographics for 32807, FL
34,384
Population
13,906
Households
2.5
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
8.4 sq mi
ZIP Area
4,093
Density / Sq Mi
$59,583
Median Household Income
$32,667
Median Earnings
$1,471
Median Rent
$247,700
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 - Fully leased office with three tenants, private parking, and multiple access points.
Where is this office units located?
The property is located at 36 Semoran Boulevard Orlando, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Fully leased office space with three tenants; Private parking included; Multiple access points in and out of the property
