Flexible Retail and Office
For Sale
$695,000
631 E OAK RIDGE RD, Orlando, FL 32809
Commercial property along a heavily traveled corridor with a flexible layout for professional, retail, or service-oriented uses.
Property Size2,020 SF
Days on Market126
Property Features for 631 E OAK RIDGE RD
General Information
Standard status
Active
Size
2,020 SF
Property subtype
Business
Taxes and HOA fees
Annual Taxes
$8,177
Building Details
Building Size
2,020 SF
Year Built
1998
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
Cathy Sawruk Williams · License #3301317
(407) 489-3921
Source:
Novaorlando
Added: May 5
Changed: Sep 3
Last Checked: Sep 7 at 6:33AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
631 E Oak Ridge Road offers a flexible commercial layout intended to support a range of professional, retail, or service-oriented uses. The property’s visibility and signage potential, along with convenient access to major roadways, are designed to support customer accessibility.
Located along the East Oak Ridge Road corridor in Orlando, the site sits within a mix of surrounding residential neighborhoods and nearby commercial development. WalkScore is 14 (car-dependent) and bikeScore is 37 (somewhat bikeable). The property also benefits from proximity to South Orange Avenue, Orlando International Airport, and key employment centers.
Located along the East Oak Ridge Road corridor in Orlando, the site sits within a mix of surrounding residential neighborhoods and nearby commercial development. WalkScore is 14 (car-dependent) and bikeScore is 37 (somewhat bikeable). The property also benefits from proximity to South Orange Avenue, Orlando International Airport, and key employment centers.
Key Highlights
- Commercial building built in 1998 along the East Oak Ridge Road corridor.
- Flexible layout designed to support a range of professional, retail, or service‑oriented uses.
- Strategic access to major roadways, supporting convenient customer 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
$37,724
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
5.43%
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%
$754,480
$754.5K
Cap Rate 7%
$538,914
$538.9K
Cap Rate 9%
$419,156
$419.2K
Market Conditions
NOI Build-Up for 2,020 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
$60.6K $30.00/SF
− Vacancy
−$10.3K −$5.10/SF
EGI
$50.3K $24.90/SF
− OpEx
−$12.6K −$6.23/SF
NOI
$37.7K $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%
$754,480
Cap Rate 7%
$538,914
Cap Rate 9%
$419,156
Alternative Uses
Best Use
Office B
$538.9K
$471.6K – $628.7K
NOI $37,724 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$650.7K
$569.4K – $759.2K
NOI $45,550 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,039
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 units - Commercial property along a heavily traveled corridor with a flexible layout for professional, retail, or service-oriented uses.
Where is this office units located?
The property is located at 631 E OAK RIDGE RD Orlando, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Commercial building built in 1998 along the East Oak Ridge Road corridor.; Flexible layout designed to support a range of professional, retail, or service‑oriented uses.; Strategic access to major roadways, supporting convenient customer access.
