Fully Furnished Office
For Sale
$679,000
6735 CONROY RD #201 203, Orlando, FL 32835
Class A office condo with elevator access, executive conference room, private offices, and furnished workstations.
Property Size1,578 SF
Price / SF$430.29
Days on Market171
Property Features for 6735 CONROY RD #201 203
General Information
Standard status
Active
Size
1,578 SF
Class
Class A
Elevators
Yes
Property subtype
Medical Office
Additional Details
Furnished
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,339
Building Details
Building Size
1,578 SF
Year Built
2008
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
LUMER REAL ESTATE
(305) 948-9480
Listed By:
Patricia Soares
Source:
Novaorlando
Added: Mar 13
Changed: Aug 27
Last Checked: Aug 29 at 2:38PM
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 LUMER REAL ESTATE
Investment Insights
Based on property information with market context.
Fully furnished Class A office condo in a high-visibility building with elevator access. The space totals 1,578 SF and is configured with a 12-seat executive conference room, three private offices, three cubicle offices, and seven additional workstations. There is also an open area kitchenette with a full-size refrigerator and water cooler, supporting day-to-day operations.
Located at 6735 Conroy Rd in a high-visibility area near Conroy Rd & Turkey Lake, the property is minutes to Dr. Phillips and Windermere, close to Universal Orlando, and surrounded by dining and retail. Easy access to I-4 supports convenient arrivals for staff and clients.
Built in 2008, the office is owner occupied and available for occupancy on or after 03/20/2026.
Located at 6735 Conroy Rd in a high-visibility area near Conroy Rd & Turkey Lake, the property is minutes to Dr. Phillips and Windermere, close to Universal Orlando, and surrounded by dining and retail. Easy access to I-4 supports convenient arrivals for staff and clients.
Built in 2008, the office is owner occupied and available for occupancy on or after 03/20/2026.
Key Highlights
- 1,578 SF Class A office condo in a high‑visibility building
- Elevator access
- 12‑seat executive conference room plus three private offices
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
$29,469
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
4.34%
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%
$589,380
$589.4K
Cap Rate 7%
$420,986
$421.0K
Cap Rate 9%
$327,433
$327.4K
Market Conditions
NOI Build-Up for 1,578 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
$47.3K $30.00/SF
− Vacancy
−$8.0K −$5.10/SF
EGI
$39.3K $24.90/SF
− OpEx
−$9.8K −$6.23/SF
NOI
$29.5K $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%
$589,380
Cap Rate 7%
$420,986
Cap Rate 9%
$327,433
Alternative Uses
Best Use
Office B
$421.0K
$368.4K – $491.2K
NOI $29,469 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$508.3K
$444.8K – $593.1K
NOI $35,583 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,153
Businesses Nearby
Explore this area
Business Placement
Demographics for 32835, FL
45,380
Population
19,377
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
92%
High-School Grad
9.4 sq mi
ZIP Area
4,828
Density / Sq Mi
$70,183
Median Household Income
$38,953
Median Earnings
$1,764
Median Rent
$333,000
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 - Class A office condo with elevator access, executive conference room, private offices, and furnished workstations.
Where is this office units located?
The property is located at 6735 CONROY RD #201 203 Orlando, FL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 1,578 SF Class A office condo in a high‑visibility building; Elevator access; 12‑seat executive conference room plus three private offices
