Two-Unit Flex
For Sale
$570,000
4749 HARGRAVE Street, Orlando, FL 32803
Commercial Sale, ORLANDO, FL
Property Size1,098 SF
Lot Size0.16 Acres
Price / SF$519.13
Days on Market172
Property Features for 4749 HARGRAVE Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MU-2/AN
Accessibility
Accessible Approach with Ramp
Subdivision
EAST COAST VILLA
Directions
Take FL-408 E, exit at FL-436/Semoran Blvd, turn left on Semoran, then right on Old Cheney Hwy. Turn left on Hargrave St-destination on the right.
Standard status
Active
APN
20-22-30-2284-00-130
Size
1,098 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
EAST COAST VILLA K/24 LOT 13
Tax Annual Amount
5924
Legal Description
EAST COAST VILLA K/24 LOT 13
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Concrete
Listing Agency:
BALDWIN PARK REALTY LLC
(407) 986-9800
Listed By:
Emma Kaplan · License #3559560
(407) 942-7542
Added: Mar 11
Changed: Aug 21
Last Checked: Aug 29 at 8:06PM
MLS# O6390008
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,098-square-foot flex property is configured as two separate spaces: Unit 1 contains 754 square feet and Unit 2 contains 344 square feet. Unit 2 includes an ADA-accessible bathroom, while both spaces have ramp access. The building was constructed in 1958 with block and concrete materials, ceramic tile flooring, central air, and electricity available.
Located at 4749 Hargrave Street in Orlando, the property sits just off Semoran Boulevard and Colonial Drive, with access to Downtown Orlando, Orlando International Airport, Baldwin Park, and Winter Park. Zoning is ORL-MU-2/AN, identified as Mixed-Use 2 with the Airport North Overlay. Public water and public sewer serve the property.
Located at 4749 Hargrave Street in Orlando, the property sits just off Semoran Boulevard and Colonial Drive, with access to Downtown Orlando, Orlando International Airport, Baldwin Park, and Winter Park. Zoning is ORL-MU-2/AN, identified as Mixed-Use 2 with the Airport North Overlay. Public water and public sewer serve the property.
Key Highlights
- 1,098 sq ft of flexible commercial space
- Two separate spaces: Unit 1 with 754 sq ft and Unit 2 with 344 sq ft
- ORL‑MU‑2/AN zoning: Mixed‑Use 2 / Airport North Overlay
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
$20,505
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
3.60%
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%
$410,100
$410.1K
Cap Rate 7%
$292,929
$292.9K
Cap Rate 9%
$227,833
$227.8K
Market Conditions
NOI Build-Up for 1,098 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
$32.9K $30.00/SF
− Vacancy
−$5.6K −$5.10/SF
EGI
$27.3K $24.90/SF
− OpEx
−$6.8K −$6.23/SF
NOI
$20.5K $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%
$410,100
Cap Rate 7%
$292,929
Cap Rate 9%
$227,833
Alternative Uses
Best Use
Office B
$292.9K
$256.3K – $341.8K
NOI $20,505 @ 7.0% cap · market cap 3.60%
Second Best
Healthcare Medical
$223.6K
$195.7K – $260.9K
NOI $15,653 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$353.7K
$309.5K – $412.7K
NOI $24,759 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,011
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 Office 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 - MU-2/AN zoning, public utilities, and ramp access support adaptable commercial occupancy.
Where is this flex space located?
The property is located at 4749 HARGRAVE Street Orlando, FL.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 1,098 sq ft of flexible commercial space; Two separate spaces: Unit 1 with 754 sq ft and Unit 2 with 344 sq ft; ORL‑MU‑2/AN zoning: Mixed‑Use 2 / Airport North Overlay
