Renovated Office
5e-2878 S Osceola Ave, Orlando, FL 32801
For Sale
$325,000
Two work areas and O-2/SP zoning support professional and medical office use.
Property Size958 SF
Price / SF$339.25
Days on Market58
Property Features for 5e-2878 S Osceola Ave
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Road Access
Additional Details
Office Units
Taxes and HOA fees
Annual Taxes
Amenities
break room
bathroom with shower
printer area
landscaping
Listing Agency:
COMPASS FLORIDA LLC
(407) 203-9441
Listed By:
Jesse Rottinghaus · License FL #3024389
(407) 808-5670
Source:
Exprealty
Added: Sep 16
Changed: Nov 8
Last Checked: Nov 10 at 12:13PM
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 COMPASS FLORIDA LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 958-square-foot office condominium in Orlando’s SODO district has two office areas and a separate printer space. Improvements include a remodeled break room, a bathroom with a shower, tile flooring, recessed lights, and a replacement roof. The property is zoned O-2/SP, with professional and medical office uses noted.
The site is near Orange Avenue and Michigan Street, with the Orlando Health Campus also nearby. Downtown Orlando is accessible from the property.
The site is near Orange Avenue and Michigan Street, with the Orlando Health Campus also nearby. Downtown Orlando is accessible from the property.
Key Highlights
- 958‑square‑foot office condominium
- Two office areas plus a dedicated printer space
- O‑2/SP zoning; professional and medical office uses noted
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,891
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,820
$357.8K
Cap Rate 7%
$255,586
$255.6K
Cap Rate 9%
$198,789
$198.8K
Market Conditions
NOI Build-Up for 958 SF
Gross rent
$28.7K $30.00/SF
− Vacancy
−$4.9K −$5.10/SF
EGI
$23.9K $24.90/SF
− OpEx
−$6.0K −$6.23/SF
NOI
$17.9K $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 Rate 5%
$357,820
Cap Rate 7%
$255,586
Cap Rate 9%
$198,789
Alternative Uses
Best Use
Office B
$255.6K
$223.6K – $298.2K
NOI $17,891 @ 7.0% cap · market cap 5.50%
Second Best
Healthcare Medical
$195.1K
$170.7K – $227.6K
NOI $13,657 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$308.6K
$270.0K – $360.0K
NOI $21,602 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
9,255
Businesses Nearby
Explore this area
Business Placement
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
Median Home Value
Market
Average Price Trend$/SF for Office Units in Orlando, FL
Properties on Market for Office Units in Orlando
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Office unit - Two work areas and O-2/SP zoning support professional and medical office use.
Where is this office unit located?
The property is located at 5e-2878 S Osceola Ave Orlando, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 958‑square‑foot office condominium; Two office areas plus a dedicated printer space; O‑2/SP zoning; professional and medical office uses noted
