Corner Industrial/Retail Property
For Sale
$3,495,000
5909 Anno Ave 5909, Orlando, FL 32809
Corner property in Orlando Airport-Edgewood submarket, suitable for industrial/retail use.
Property Size13,257 SF
Lot Size0.30 Acres
Price / SF$263.63
Days on Market157
Property Features for 5909 Anno Ave 5909
General Information
Standard status
Active
Size
13,257 SF
Lot size
0.30 Acres
Property subtype
Industrial
Building Details
Building Size
13,257 SF
Listing Agency:
Wilshire Advisory Group Corp
(305) 609-5387
Listed By:
Luis Aguirre · License #3417840
(305) 609-5387
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:34AM
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 Wilshire Advisory Group Corp
Investment Insights
Based on property information with market context.
Located in the Orlando Airport–Edgewood submarket, this corner industrial/retail property is available for lease and for sale. The property consists of two buildings totaling 13,257 square feet, with one building measuring 5,997 square feet and the other 7,260 square feet. Situated on 0.63 acres, the property offers convenient access to Orlando International Airport, SR-528, and the Turnpike. Constructed in 2001 and fully renovated in 2017, the property features upgraded offices and a mezzanine. The zoning is C-3 (Wholesale Commercial District, Auto Repair Garage use). The property includes approximately 2,500 square feet of office space, four oversized grade-level doors (14’–16’ W x 14’ H), clear heights ranging from 18’ to 21’, 3-phase 240V/400A power, and LED lighting. There are 19 parking spaces available, along with monument signage on E Oak Ridge Rd. & Anno Ave. The property's 2025 taxes are $43,808.
Key Highlights
- Excellent access to Orlando Intl. Airport, SR‑528, and the Turnpike.
- Zoned C‑3 (Wholesale Commercial District, Auto Repair Garage use).
- Fully renovated in 2017 with upgraded offices and mezzanine.
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
$260,326
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
7.45%
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%
$5,206,520
$5.2M
Cap Rate 7%
$3,718,943
$3.7M
Cap Rate 9%
$2,892,511
$2.9M
Market Conditions
NOI Build-Up for 13,257 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
$385.0K $29.04/SF
− Vacancy
−$13.1K −$0.99/SF
EGI
$371.9K $28.05/SF
− OpEx
−$111.6K −$8.42/SF
NOI
$260.3K $19.64/SF
Area
Orlando, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
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%
$5,206,520
Cap Rate 7%
$3,718,943
Cap Rate 9%
$2,892,511
Alternative Uses
Best Use
Retail
$3.72M
$3.25M – $4.34M
NOI $260,326 @ 7.0% cap · market cap 7.45%
Second Best
Warehouse
$1.28M
$1.12M – $1.50M
NOI $89,926 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$4.27M
$3.74M – $4.98M
NOI $298,938 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Corner property in Orlando Airport-Edgewood submarket, suitable for industrial/retail use.
Where is this flex space located?
The property is located at 5909 Anno Ave 5909 Orlando, FL.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: Excellent access to Orlando Intl. Airport, SR‑528, and the Turnpike.; Zoned C‑3 (Wholesale Commercial District, Auto Repair Garage use).; Fully renovated in 2017 with upgraded offices and mezzanine.
