Freestanding Office
415 S SUMMERLIN AVENUE Orlando, FL 32801
415 S SUMMERLIN AVENUE, Orlando, FL, 32801
$589,000
For Sale
$589,000
Freestanding office property with a reception area, conference room, multiple private offices, updated restroom, and rear parking.
Property Size1,300 SF
Price / SF$453.08
Days on Market65
Property Features for 415 S SUMMERLIN AVENUE
General Information
- Standard status
- Active
- Size
- 1,300 SF
- Property subtype
- Office
Building Details
- Year Built
- 1948
Listing agency
OLDE TOWN BROKERS INC
(407) 425-5069
Listed by
Patricia Sullivan · License #3130492
Source
Xome
Added: May 18 Updated: Jul 20 at 8:27PM Checked: Jul 21 at 3:06AM
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 OLDE TOWN BROKERS INC
Investment Insights
Based on property information with market context.
This freestanding office property is configured for professional use and includes a welcoming reception area, a conference room, multiple private offices, an updated restroom, and dedicated storage space. The interior layout supports a mix of client-facing and work-focused spaces.
Located along S Summerlin Avenue in Thornton Park, the property offers easy access and is positioned within a walkable, established area surrounded by restaurants, coffee shops, retail, and luxury residential development.
With ample rear parking on-site, the building is designed to balance an urban setting with practical day-to-day convenience for staff and visitors.
Located along S Summerlin Avenue in Thornton Park, the property offers easy access and is positioned within a walkable, established area surrounded by restaurants, coffee shops, retail, and luxury residential development.
With ample rear parking on-site, the building is designed to balance an urban setting with practical day-to-day convenience for staff and visitors.
Key Highlights
- Freestanding commercial office building built in 1948 with central air and parking on a paved driveway.
- Interior layout includes a reception area, private offices, a conference room, and additional storage space.
- Updated restroom and dedicated storage space for day‑to‑day office use.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.0k | $30.00 |
| − Vacancy | −$6.6k | −$5.10 |
| EGI | $32.4k | $24.90 |
| − OpEx | −$8.1k | −$6.23 |
| NOI | $24.3k | $18.67 |
1,300 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$346.8K
$303.5K – $404.6K
NOI $24,278 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$418.8K
$366.4K – $488.6K
NOI $29,314 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jose Lavandera Realtor
Real Estate Agency
ARK Realty, LLC
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Richard Cunningham - Realtor, ...
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Croft Real Estate ...
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FAQs
What type of property is this?
Office building - Freestanding office property with a reception area, conference room, multiple private offices, updated restroom, and rear parking.
Where is this office building located?
The property is located at 415 S SUMMERLIN AVENUE Orlando, FL.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Freestanding commercial office building built in 1948 with central air and parking on a paved driveway.; Interior layout includes a reception area, private offices, a conference room, and additional storage space.; Updated restroom and dedicated storage space for day‑to‑day office use.
