Industrial Distribution
For Sale
Contact for pricing
526 North Parramore Avenue, Orlando, FL 32801
Industrial warehouse with office space, dock-high loading, a drive-in door, clear heights up to 27 feet, and outdoor storage.
Property Size54,000 SF
Lot Size2.71 Acres
Price / SF$240.74
Days on Market139
Property Features for 526 North Parramore Avenue
General Information
Standard status
Active
Size
54,000 SF
Lot size
2.71 Acres
Property subtype
Industrial
Zoning
Industrial
Lease Type
NNN
Warehouse & Industrial
Clear Height
27 ft
Dock-High Doors
4
Drive-In Doors
1
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Lee & Associates - Orlando
Listed By:
Christopher Griffith · License #BK3413429
(908) 380-3627
Source:
Crexi
Added: Apr 20
Changed: Sep 2
Last Checked: Sep 4 at 4:47PM
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 - Orlando
Investment Insights
Based on property information with market context.
This 54,000-square-foot industrial warehouse was built in 1980 and configured for warehouse/distribution use. The property includes approximately 5,000 square feet of office space and four dock-high loading doors, plus an oversized drive-in door to support efficient movement of goods. Clear heights range from 21 to 27 feet, and the site offers abundant on-site parking and a dedicated outdoor storage area.
Located in the heart of Downtown Orlando at 526 North Parramore Avenue, the facility is set on 2.71 acres, providing yard capacity for operations that require additional outdoor space. The property also presents redevelopment potential given its in-fill setting within a rapidly evolving urban core.
Located in the heart of Downtown Orlando at 526 North Parramore Avenue, the facility is set on 2.71 acres, providing yard capacity for operations that require additional outdoor space. The property also presents redevelopment potential given its in-fill setting within a rapidly evolving urban core.
Key Highlights
- Built in 1980, this 154,000 SF industrial warehouse is configured for warehouse/distribution use.
- 2.71‑acre site includes 5,000 SF office space plus abundant on‑site parking.
- Four dock‑high loading doors and one oversized drive‑in door support efficient loading and operations.
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
$366,299
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
2.82%
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%
$7,325,980
$7.3M
Cap Rate 7%
$5,232,843
$5.2M
Cap Rate 9%
$4,069,989
$4.1M
Market Conditions
NOI Build-Up for 54,000 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
$473.0K $8.76/SF
− Vacancy
−$42.1K −$0.78/SF
EGI
$430.9K $7.98/SF
− OpEx
−$64.6K −$1.20/SF
NOI
$366.3K $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%
$7,325,980
Cap Rate 7%
$5,232,843
Cap Rate 9%
$4,069,989
Alternative Uses
Best Use
Warehouse
$5.23M
$4.58M – $6.10M
NOI $366,299 @ 7.0% cap · market cap 2.82%
Second Best
Industrial
$4.31M
$3.77M – $5.03M
NOI $301,658 @ 7.0% cap · market cap 2.32%
Theoretical Best
Office A
$17.40M
$15.22M – $20.29M
NOI $1,217,670 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
27 ft
Clear height
4
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,833
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
Median Home Value
Market
Vacancy Rate% for Industrial in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with office space, dock-high loading, a drive-in door, clear heights up to 27 feet, and outdoor storage.
Where is this warehouse located?
The property is located at 526 North Parramore Avenue Orlando, FL.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: Built in 1980, this 154,000 SF industrial warehouse is configured for warehouse/distribution use.; 2.71‑acre site includes 5,000 SF office space plus abundant on‑site parking.; Four dock‑high loading doors and one oversized drive‑in door support efficient loading and operations.
