Expansive Industrial Warehouse with
For Sale
Contact for pricing
365 N Ivey Ln, Orlando, FL 32811
20,000+ sqft industrial warehouse zoned C-3 with ample space.
Property Size23,094 SF
Price / SF$151.55
Days on Market1079
Property Features for 365 N Ivey Ln
General Information
Standard status
Active
Size
23,094 SF
Class
C
Property subtype
Industrial
Zoning
C-3
Building Details
Year Built
1967
Listing Agency:
eXp Realty Orlando
Listed By:
Benjamin Berry · License #Florida - SL3445985
Source:
Crexi
Added: Aug 31, 2023
Changed: Aug 12
Last Checked: May 13 at 8:02PM
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 eXp Realty Orlando
Investment Insights
Based on property information with market context.
Located at 365 N Ivey Ln, this expansive industrial warehouse offers over 20,000 sqft of space and boundless possibilities. Zoned C-3 Industrial, the property has operated as a heavy truck and vehicle body shop for over 25 years, demonstrating its operational excellence and adaptability. The large lot provides ample parking, storage, and additional space. The property offers the potential to lease the building, catering to a spectrum of ventures. With the option to divide the space, the current layout remains versatile, accommodating various business preferences. It is one of the few locations in Central Florida equipped with a vehicle paint booth and oven suitable for larger vehicles like RVs, busses, and semi-trucks. The main building includes five grade-level bays currently providing paint and body services for the heavy trucks and vehicle market. The secondary building features four standard roll-up door bays, currently used as an overflow storage facility. The property size is 23,094 square feet.
Key Highlights
- Expansive 20,000+ sqft industrial warehouse with C‑3 Industrial zoning.
- Equipped with a vehicle paint booth and oven suitable for larger vehicles (RVs, busses, semi‑trucks) - a rare feature in Central Florida.
- Established history of over 25 years as a heavy truck/vehicle body shop.
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
$156,654
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
4.48%
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%
$3,133,080
$3.1M
Cap Rate 7%
$2,237,914
$2.2M
Cap Rate 9%
$1,740,600
$1.7M
Market Conditions
NOI Build-Up for 23,094 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
$202.3K $8.76/SF
− Vacancy
−$18.0K −$0.78/SF
EGI
$184.3K $7.98/SF
− OpEx
−$27.6K −$1.20/SF
NOI
$156.7K $6.78/SF
Area
Orlando, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
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%
$3,133,080
Cap Rate 7%
$2,237,914
Cap Rate 9%
$1,740,600
Alternative Uses
Best Use
Retail
$6.48M
$5.67M – $7.56M
NOI $453,493 @ 7.0% cap · market cap 12.96%
Second Best
Warehouse
$2.24M
$1.96M – $2.61M
NOI $156,654 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$7.44M
$6.51M – $8.68M
NOI $520,757 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
424
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32811, FL
42,274
Population
18,487
Households
2.3
Avg Household Size
33
Median Age
27%
College-Educated
88%
High-School Grad
8.3 sq mi
ZIP Area
5,093
Density / Sq Mi
$52,124
Median Household Income
$32,268
Median Earnings
$1,483
Median Rent
$199,100
Median Home Value
Market
Vacancy Rate% for Industrial in Orlando, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Devon Self Storage — 4815 W Colonial Dr, Orlando, FL 32808
- Public Storage — 3900 W Colonial Dr, Orlando, FL 32808
- 2 College Brothers - Orlando Movers — 3241 Old Winter Garden Rd Ste 26, Orlando, FL 32805
- Omni Auto Parts — 315 N Ivey Ln Building 331 Box 10, Orlando, FL 32811
- Marshall Towing — 4813 W Robinson St, Orlando, FL 32811
Frequently Asked Questions
What type of property is this?
Warehouse - 20,000+ sqft industrial warehouse zoned C-3 with ample space.
Where is this warehouse located?
The property is located at 365 N Ivey Ln Orlando, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Expansive 20,000+ sqft industrial warehouse with C‑3 Industrial zoning.; Equipped with a vehicle paint booth and oven suitable for larger vehicles (RVs, busses, semi‑trucks) - a rare feature in Central Florida.; Established history of over 25 years as a heavy truck/vehicle body shop.
