Oviedo Industrial Property For
551 S ECON Cir Oviedo, FL 32765
For Sale
$2,900,000
10,000 SF industrial property with office and storage space.
Property Size10,000 SF
Price / SF$290
Days on Market97
Property Features for 551 S ECON Cir
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Industrial
Building Details
Year Built
2009
Listing Agency:
MERCKEL REAL ESTATE
(321) 231-8023
Listed By:
Bill Merckel · License #708661
(321) 231-8023
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 2:51PM
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 MERCKEL REAL ESTATE
Investment Insights
Based on property information with market context.
This 10,000 square foot industrial property in Oviedo features 1,000 square feet of office space, including a lobby and reception area, along with 9,000 square feet of storage space. The building is equipped with 3-phase power, supported by 400 amp and 200 amp panels. Loading and unloading are facilitated by two docks, one dock-high and one at ground level. The property is positioned near UCF, Central Florida Research Park, and major highways such as SR417, SR408, and Hwy 50, offering convenient regional access. This property is suited for an owner/user requiring both office and industrial space.
Key Highlights
- 10,000 sq ft industrial property suitable for owner/user.
- Includes 1,000 sq ft of office space with lobby and reception area.
- Features 9,000 sq ft of storage space.
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 | $240.0k | $24.00 |
| − Vacancy | −$40.8k | −$4.08 |
| EGI | $199.2k | $19.92 |
| − OpEx | −$49.8k | −$4.98 |
| NOI | $149.4k | $14.94 |
10,000 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.13M
$1.87M – $2.49M
NOI $149,400 @ 7.0% cap · market cap 5.15%
Second Best
Warehouse
$969.0K
$847.9K – $1.13M
NOI $67,833 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,200 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Croutons Catering — 3836 Heritage Oaks Ct, Orlando, FL 32828
- Bar-Tini Orlando — 3645 Oakdale Cir, Oviedo, FL 32765
Frequently Asked Questions
What type of property is this?
Flex space - 10,000 SF industrial property with office and storage space.
Where is this flex space located?
The property is located at 551 S ECON Cir Oviedo, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 10,000 sq ft industrial property suitable for owner/user.; Includes **1,000 sq ft of office space with lobby and reception area.**; Features 9,000 sq ft of storage space.
