Flex Office and Warehouse
551 S Econ Circle OVIEDO, Oviedo, FL 32765
New
Owner-user flex layout combines office lobby with warehouse storage and two loading docks.
Property size:
10,008 SFPrice / SF:
$289/SF- Added:
- Jul 7, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 8 at 4:02 am
Property Features for 551 S Econ Circle OVIEDO
General Information
- Standard status
- Active
- Size
- 10,008 SF
Building Details
- Year Built
- 2009
Listing office (904) 569-5862
Listing date Jul 7, 2026
Source Movetojacksonville
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 Kylee Shaw
HighLights
- 10,000 sq ft industrial building (1,000 sq ft office with lobby/reception and 9,000 sq ft storage)
- Owner‑user flex layout with office area plus large storage/warehouse space
- Two loading docks: 1 dock high and 1 ground level
- 3‑phase power with 400 amp and 200 amp panels
- 1.04‑acre lot on a city street with asphalt road frontage
- Built in 2009; slab foundation; public water; 1 story
Overview
This flex office and warehouse building totals 10,008 square feet, with 1,000 square feet of office space and 9,000 square feet dedicated to storage. The office area includes a lobby and reception component, supporting administrative or customer-facing use. The warehouse/storage portion is configured for practical day-to-day operations.
The property features 3-phase power with 400 amp and 200 amp panels. Loading access includes two docks, consisting of one dock-high and one ground-level door, providing flexibility for receiving and shipping needs. The location is described as close to UCF and the Central Florida Research Park, with proximity to major highways including SR417, SR408, and Hwy 50.
Designed for an owner-operator, the mix of office and storage allows teams to manage operations on-site while keeping primary workflow space in the warehouse area. With dedicated loading for different equipment configurations and substantial storage footprint, the building can support a range of industrial and light commercial uses that benefit from on-site administration.
The property features 3-phase power with 400 amp and 200 amp panels. Loading access includes two docks, consisting of one dock-high and one ground-level door, providing flexibility for receiving and shipping needs. The location is described as close to UCF and the Central Florida Research Park, with proximity to major highways including SR417, SR408, and Hwy 50.
Designed for an owner-operator, the mix of office and storage allows teams to manage operations on-site while keeping primary workflow space in the warehouse area. With dedicated loading for different equipment configurations and substantial storage footprint, the building can support a range of industrial and light commercial uses that benefit from on-site administration.
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 | $240.2k | $24.00 |
| − Vacancy | −$40.8k | −$4.08 |
| EGI | $199.4k | $19.92 |
| − OpEx | −$49.8k | −$4.98 |
| NOI | $149.5k | $14.94 |
10,008 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.14M
$1.87M – $2.49M
NOI $149,520 @ 7.0% cap · market cap 5.16%
Second Best
Warehouse
$969.8K
$848.6K – $1.13M
NOI $67,887 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,359 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Jerry's MB Service ...
Auto Repair Shop
Similar Places Nearby
- Croutons Catering — 3836 Heritage Oaks Ct, Orlando, FL 32828
- Bar-Tini Orlando — 3645 Oakdale Cir, Oviedo, FL 32765
Location Insight
- Map
- Local Demand
- City
- Oviedo
- County
- Seminole
- State
- Florida
- Longitude
- -81.2136795
- Latitude
- 28.621447
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Owner-user flex layout combines office lobby with warehouse storage and two loading docks.
Where is this flex space located?
The property is located at 551 S Econ Circle OVIEDO 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 building (1,000 sq ft office with lobby/reception and 9,000 sq ft storage); Owner‑user flex layout with office area plus large storage/warehouse space; Two loading docks: 1 dock high and 1 ground level
