Renovated Two-Story Office
New
For Sale
$2,800,000
5639 HANSEL, Orlando, FL 32809
ECD-zoned property offers private offices, conference space, and gated access.
Property Size5,282 SF
Price / SF$530.10
Days on Market3
Property Features for 5639 HANSEL
General Information
Standard status
Active
Size
5,282 SF
Total Parking Spaces
29
Property subtype
Commercial
Zoning
ECD
Land
Land Use
office
Subdividable
Yes
Additional Details
Asking Price
$2,800,000
Taxes and HOA fees
Annual Taxes
$17,300
Amenities
conference room
kitchen
kitchenette
gated access
Building Details
Building Size
5,282 SF
Year Built
1987
Buildings
1
Stories
2
Construction
Colonial
Listed By:
Anthony O'Reilly Brookes · License #3275377
(407) 910-1066
Source:
Elliman
Added: Sep 4
Last Checked: Sep 5 at 11:21AM
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 Anthony O'Reilly Brookes
Investment Insights
Based on property information with market context.
This two-story office building contains 5,282 square feet and has undergone substantial upgrades, including five new HVAC units, a replacement roof, gutters, and updated electrical systems. The first floor combines private offices, open desk booths, and a renovated kitchen, while the upper level includes executive offices, a large conference room, and a second kitchenette. Gated access serves 29 dedicated parking spaces.
The property is located at 5639 Hansel Avenue in Orlando and carries ECD, or Edgewood Central District, zoning. The City of Edgewood has approved a property split, and concept plans prepared by DRMP, Inc. identify a potential second commercial building with 26 dedicated parking spaces and a stormwater pond. The stated zoning supports professional and medical offices, banking, restaurants, and retail uses.
The property is located at 5639 Hansel Avenue in Orlando and carries ECD, or Edgewood Central District, zoning. The City of Edgewood has approved a property split, and concept plans prepared by DRMP, Inc. identify a potential second commercial building with 26 dedicated parking spaces and a stormwater pond. The stated zoning supports professional and medical offices, banking, restaurants, and retail uses.
Key Highlights
- 5,282 SF, two‑story office building
- Five new HVAC units, new roof, gutters, and updated electrical
- 29 dedicated parking spaces with gated access
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
$98,641
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
3.52%
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%
$1,972,820
$2.0M
Cap Rate 7%
$1,409,157
$1.4M
Cap Rate 9%
$1,096,011
$1.1M
Market Conditions
NOI Build-Up for 5,282 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
$158.5K $30.00/SF
− Vacancy
−$26.9K −$5.10/SF
EGI
$131.5K $24.90/SF
− OpEx
−$32.9K −$6.23/SF
NOI
$98.6K $18.67/SF
Area
Orlando, FL
Vacancy
17.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,972,820
Cap Rate 7%
$1,409,157
Cap Rate 9%
$1,096,011
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.64M
NOI $98,641 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,106 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
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 Office in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - ECD-zoned property offers private offices, conference space, and gated access.
Where is this office building located?
The property is located at 5639 HANSEL Orlando, FL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 5,282 SF, two‑story office building; Five new HVAC units, new roof, gutters, and updated electrical; 29 dedicated parking spaces with gated access
