Versatile Warehouse and Office
For Sale
Contact for pricing
637 Triumph Ct, Orlando, FL 32805
8,275 sq. ft. warehouse/office with easy highway access.
Property Size8,275 SF
Lot Size0.59 Acres
Price / SF$271.90
Days on Market167
Property Features for 637 Triumph Ct
General Information
Standard status
Active
Size
8,275 SF
Class
C
Lot size
0.59 Acres
Property subtype
Industrial
Zoning
C-3
Investment Type
Owner/User
Building Details
Year Built
1987
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Lloyd Commercial Advisors
Listed By:
Scott Lloyd CCIM, RPA · License #BK3096896
Source:
Crexi
Added: Mar 17
Changed: Aug 24
Last Checked: Aug 29 at 6:05AM
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 Lloyd Commercial Advisors
Investment Insights
Based on property information with market context.
Located in Orlando, Florida, the property at 637 Triumph Ct. features 8,275 sq. ft. of warehouse and office space. The property includes both dock-high and grade doors, along with a 16' clear height. It also offers fenced outside storage on a 0.59-acre lot. The property's location provides access to SR 408, SR 50, and is 2.7 miles from I-4. Zoned C-3 in Orange County, the property is suitable for a variety of commercial uses. The property includes approximately 2,565 sq. ft. of office space and 3-phase 600 amps.
Key Highlights
- Strategic location with instant access to SR 408, SR 50, and only 2.7 miles from I‑4.
- Versatile warehouse and office combo with 8,275 sq. ft. total space (approximately 2,565 sq. ft. of office space).
- Beneficial C‑3 zoning in Orange County, suitable for a variety of commercial uses.
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
$154,536
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
6.87%
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%
$3,090,720
$3.1M
Cap Rate 7%
$2,207,657
$2.2M
Cap Rate 9%
$1,717,067
$1.7M
Market Conditions
NOI Build-Up for 8,275 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
$248.3K $30.00/SF
− Vacancy
−$42.2K −$5.10/SF
EGI
$206.0K $24.90/SF
− OpEx
−$51.5K −$6.23/SF
NOI
$154.5K $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%
$3,090,720
Cap Rate 7%
$2,207,657
Cap Rate 9%
$1,717,067
Alternative Uses
Best Use
Office B
$2.21M
$1.93M – $2.58M
NOI $154,536 @ 7.0% cap · market cap 6.87%
Second Best
Warehouse
$801.9K
$701.7K – $935.5K
NOI $56,132 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$2.67M
$2.33M – $3.11M
NOI $186,597 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,205
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32805, FL
23,331
Population
9,332
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
6.8 sq mi
ZIP Area
3,431
Density / Sq Mi
$39,425
Median Household Income
$29,592
Median Earnings
$1,112
Median Rent
$226,100
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
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- 2 College Brothers - Orlando Movers — 3241 Old Winter Garden Rd Ste 26, Orlando, FL 32805
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Frequently Asked Questions
What type of property is this?
Warehouse - 8,275 sq. ft. warehouse/office with easy highway access.
Where is this warehouse located?
The property is located at 637 Triumph Ct Orlando, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Strategic location with instant access to SR 408, SR 50, and only 2.7 miles from I‑4.; Versatile warehouse and office combo with 8,275 sq. ft. total space (approximately 2,565 sq. ft. of office space).; Beneficial C‑3 zoning in Orange County, suitable for a variety of commercial uses.
