Two-Building Industrial Complex For
For Sale
$950,000
Pending
4120 ROUSH Ave, Orlando, FL 32803
8,276 SF industrial complex with fenced lot in Orlando.
Property Size8,276 SF
Lot Size0.46 Acres
Days on Market102
Property Features for 4120 ROUSH Ave
General Information
Standard status
Pending
Size
8,276 SF
Lot size
0.46 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$9,517
Building Details
Building Size
8,276 SF
Year Built
1967
Listing Agency:
KELLER WILLIAMS ADVANTAGE III
(407) 508-0347
Listed By:
Jeremy Miller · License #3387570
(407) 508-0347
Source:
Elliman
Added: May 20
Changed: Aug 26
Last Checked: Aug 28 at 5:21PM
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 KELLER WILLIAMS ADVANTAGE III
Investment Insights
Based on property information with market context.
This industrial complex features two buildings totaling approximately 8,276 square feet. Building 1 comprises 5,076 square feet, while Building 2 offers 3,200 square feet. The property includes a fenced lot of approximately 20,157 square feet. It is equipped with four 10'x10' grade-level loading doors and has a 15-foot clear height. Constructed with concrete block, the property is zoned C-3, which is one of Orlando's most flexible commercial and industrial designations, and permits outdoor storage. The location provides quick access to E. Colonial Drive, SR-436, SR-408, and I-4, and is minutes from Orlando Executive Airport (ORL) and approximately 20 minutes from Orlando International Airport (MCO). The property is adjacent to Baldwin Park. The tenant currently occupies the property on a month-to-month basis until December 31, 2026, paying $3,600 per month.
Key Highlights
- Two‑building industrial complex totaling 8,276± SF on a 20,157± SF fenced lot.
- Prime infill location with quick access to E. Colonial Drive, SR‑436, SR‑408, and I‑4.
- Ideal owner/user opportunity — occupy one building, lease the other, or use the entire complex.
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
$46,232
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
4.87%
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%
$924,640
$924.6K
Cap Rate 7%
$660,457
$660.5K
Cap Rate 9%
$513,689
$513.7K
Market Conditions
NOI Build-Up for 8,276 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
$72.5K $8.76/SF
− Vacancy
−$6.5K −$0.78/SF
EGI
$66.0K $7.98/SF
− OpEx
−$19.8K −$2.39/SF
NOI
$46.2K $5.59/SF
Area
Orlando, FL
Vacancy
8.90%
Lease Rate
$8.76 /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%
$924,640
Cap Rate 7%
$660,457
Cap Rate 9%
$513,689
Alternative Uses
Best Use
Industrial
$660.5K
$577.9K – $770.5K
NOI $46,232 @ 7.0% cap · market cap 4.87%
Second Best
Flex RnD
$613.3K
$536.6K – $715.5K
NOI $42,930 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$2.67M
$2.33M – $3.11M
NOI $186,619 @ 7.0% cap · market cap 19.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
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.
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Frequently Asked Questions
What type of property is this?
Flex space - 8,276 SF industrial complex with fenced lot in Orlando.
Where is this flex space located?
The property is located at 4120 ROUSH Ave Orlando, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two‑building industrial complex totaling 8,276± SF on a 20,157± SF fenced lot.; Prime infill location with quick access to E. Colonial Drive, SR‑436, SR‑408, and I‑4.; Ideal owner/user opportunity — occupy one building, lease the other, or use the entire complex.
