Warehouse Property with Covered
For Sale
$5,950,000
5014-5028 S Orange Ave, Orlando, FL 32809
Mostly paved site with enclosed and partially enclosed metal storage structures.
Property Size27,410 SF
Lot Size5.08 Acres
Price / SF$217.07
Days on Market196
Property Features for 5014-5028 S Orange Ave
General Information
Standard status
Active
Size
27,410 SF
Lot size
5.08 Acres
Property subtype
Warehouse
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Office Build-Out
1,750 SF
Building Details
Building Size
27,410 SF
Year Built
1967
Buildings
4
Construction
metal
Listing Agency:
Lee & Associates | Central Florida
Listed By:
Bo Bradford
(321) 281-8500
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 11:12PM
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 Lee & Associates | Central Florida
Investment Insights
Based on property information with market context.
The property includes two adjoining parcels totaling 5.08 acres and approximately 27,410 SF of metal building improvements. Building 1 provides 11,076 SF of fully enclosed space, including approximately 1,750 SF of office area. Building 2 contains 5,300 SF and is enclosed on two sides, while Buildings 3 and 4 measure approximately 3,354 SF and 7,680 SF, respectively, with three-sided enclosure. The site has been used for construction supplies, storage, and heavy farm equipment sales and storage since 1969. It is mostly paved and described as high and dry.
Located at 5014-5028 S Orange Ave, the property is 3.4 miles directly south of Downtown Orlando. The site offers more than 600 feet of Orange Avenue frontage and over 400 feet of depth, with access to SR 528, the Turnpike, and Interstate 4.
Located at 5014-5028 S Orange Ave, the property is 3.4 miles directly south of Downtown Orlando. The site offers more than 600 feet of Orange Avenue frontage and over 400 feet of depth, with access to SR 528, the Turnpike, and Interstate 4.
Key Highlights
- 5.08‑acre assemblage of two adjoining parcels
- 27,410 SF +/- of metal building structures
- Fully enclosed 11,076 SF building with 1,750 SF +/- of office space
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
$185,930
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
3.12%
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%
$3,718,600
$3.7M
Cap Rate 7%
$2,656,143
$2.7M
Cap Rate 9%
$2,065,889
$2.1M
Market Conditions
NOI Build-Up for 27,410 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
$240.1K $8.76/SF
− Vacancy
−$21.4K −$0.78/SF
EGI
$218.7K $7.98/SF
− OpEx
−$32.8K −$1.20/SF
NOI
$185.9K $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%
$3,718,600
Cap Rate 7%
$2,656,143
Cap Rate 9%
$2,065,889
Alternative Uses
Best Use
Warehouse
$2.66M
$2.32M – $3.10M
NOI $185,930 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.83M
$7.73M – $10.30M
NOI $618,080 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
789
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32809, FL
29,478
Population
10,674
Households
2.8
Avg Household Size
36
Median Age
23%
College-Educated
79%
High-School Grad
10.4 sq mi
ZIP Area
2,834
Density / Sq Mi
$52,203
Median Household Income
$30,985
Median Earnings
$1,368
Median Rent
$281,000
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
- Orange Ave Storage — 5398 S Orange Ave, Edgewood, FL 32809
Frequently Asked Questions
What type of property is this?
Warehouse - Mostly paved site with enclosed and partially enclosed metal storage structures.
Where is this warehouse located?
The property is located at 5014-5028 S Orange Ave Orlando, FL.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 5.08‑acre assemblage of two adjoining parcels; 27,410 SF +/- of metal building structures; Fully enclosed 11,076 SF building with 1,750 SF +/- of office space
