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    Versatile Commercial Property on South Orange Title is generated by Realmo AI

    5515 South Orange Avenue, Pinecastle, FL 32809

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    For Sale
    $1,000,000

    Fully climate-controlled flex space with high-end offices and strategic location.

    Type:IND-FLEX, OFC, MU
    Added:
    Dec 23, 2025
    Days on Market:
    158
    Last Refresh:
    Apr 3 at 4:59 am

    Property Features for 5515 South Orange Avenue

    General Information

    Standard status
    Active
    Property subtype
    IND-FLEX, OFC, MU

    Building Details

    Year Built
    1988

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    Listing Contact
    Michael Cardinali
    Michael Cardinali

    Listing agent Michael Cardinali License #SL3430242

    Listing office KW Commercial | Orlando Waterford

    Listing date Dec 23, 2025

    Source Realnex

    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 KW Commercial | Orlando Waterford

    HighLights

    • Move‑in ready and fully air‑conditioned commercial property, recently renovated in 2022.
    • Highly flexible ECD zoning allows for office, retail, service, and light industrial/flex uses.
    • Prime location in 32809 with excellent visibility and 70 feet of frontage on South Orange Avenue (AADT approx 24,000).
    • Strategic location provides rapid connectivity to Downtown Orlando/SODO, I‑4, SR 528, and Orlando International Airport.
    • Unique floor plan includes three private offices, three full bathrooms, two kitchen/kitchenette areas, and a dedicated second‑level open loft space.
    • Minutes from Downtown Orlando/SODO, providing access to major retail, dining, and the Orlando Health System.

    Overview

    This well-maintained, fully climate-controlled commercial property offers a blend of functional warehouse/flex space and professional offices. The interior is versatile, minimizing build-out costs and supporting multiple work environments, from executive offices and reception to workshop areas and employee amenities. The building was renovated in 2022 and features modern LED lighting and metal frame construction. The unique floor plan includes three private offices, three full bathrooms, two kitchens/kitchenette areas, and a dedicated second-level open loft space, suitable for multi-tenant, studio, or corporate/training use. The property is located in the 32809 zip code, connecting the SODO district to the Orlando airport corridor, surrounded by established commercial and industrial users, and benefiting from the traffic flow of South Orange Avenue. It is located minutes north of Downtown Orlando/SODO, providing access to retail, dining, and the Orlando Health System, and just 5 miles south of the Downtown Orlando CBD/SODO District. The location provides access to SR 528 (Beachline Expressway) and I-4, and is a 12-minute drive to Orlando International Airport (OIA). The property has 70 feet of direct frontage on South Orange Avenue (AADT approx 24,000). The ECD (Edgewood Character Development) - Light Commercial zoning permits professional office, retail showroom, service, and light industrial/flex uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    B3 Bootcamp Gym & Fitness Center NATHAN JOEL HERSHBERGER Pediatrician Orlando Osteopathic Group Medical Group

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Queeley’s Shaved Ice — 5699 S Orange Ave, Orlando, FL 32809
    • Primo's Gourmet Catering Orlando — 6123 S Orange Ave, Orlando, FL 32809
    • Port A Pit Barbeque — 5509 Commerce Dr # F, Orlando, FL 32839
    • Reflections of Thyme Catering — 5439 Hansel Ave J-14, Orlando, FL 32809

    Location Insight

    • Map
    • Local Demand
    City
    Pinecastle
    County
    Brevard
    State
    Florida
    Longitude
    -81.3712006
    Latitude
    28.4795503

    FAQs

    What type of property is this?
    Flex space - Fully climate-controlled flex space with high-end offices and strategic location.
    Where is this flex space located?
    The property is located at 5515 South Orange Avenue Pinecastle, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Move‑in ready and fully air‑conditioned commercial property, recently renovated in 2022.; Highly flexible ECD zoning allows for office, retail, service, and light industrial/flex uses.; Prime location in 32809 with excellent visibility and 70 feet of frontage on South Orange Avenue (AADT approx 24,000).
    (321) 348-8720
    We can help!
    Listing Contact
    Michael Cardinali
    Michael Cardinali
    Real Estate License ID: SL3430242
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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