Flex Space with Dock-High
For Sale
$1,100,000
6881 KINGSPOINTE Parkway, Orlando, FL 32819
Commercial Sale, ORLANDO, FL
Property Size4,158 SF
Lot Size0.08 Acres
Price / SF$264.55
Days on Market180
Property Features for 6881 KINGSPOINTE Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-P
Subdivision
DREWTINA COMMERCE CENTER
Directions
From I-4, take the W Sand Lake Road exit and head east. Turn left on Kingspointe Pkwy.
Standard status
Active
APN
29-23-29-0025-01-030
Size
4,158 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DREWTINA COMMERCIAL CENTER CONDO 7618/4825 UNIT 3 BLDG A
Tax Annual Amount
14926
Legal Description
DREWTINA COMMERCIAL CENTER CONDO 7618/4825 UNIT 3 BLDG A
Amenities
oversized windows
loading areas
Building Details
Year built
2006
Floors in Building
2
Building materials
Tilt up Walls
Listing Agency:
ROBERT SLACK LLC
(352) 229-1187
Listed By:
Andre Freitas · License #3509505
(407) 690-9173
Added: Mar 3
Changed: Aug 20
Last Checked: Aug 30 at 8:06AM
MLS# O6388463
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,158-square-foot commercial condominium combines office and warehouse functionality in a flex-space format. The 2006 building uses tilt-up wall construction and features an Italian travertine exterior, oversized windows, parking, and loading areas. A rear dock-high roll-up door supports loading and unloading for full-size tractor-trailers, while mezzanine storage adds usable capacity within the unit.
The property is located in the Drewtina Commerce Center at Crownpointe Commerce Park in Orlando, Florida. Zoned I-P, the unit is suited to office, distribution, showroom, or light industrial operations as described in the property information. The seller is open to a lease-back arrangement.
The property is located in the Drewtina Commerce Center at Crownpointe Commerce Park in Orlando, Florida. Zoned I-P, the unit is suited to office, distribution, showroom, or light industrial operations as described in the property information. The seller is open to a lease-back arrangement.
Key Highlights
- 4,158‑square‑foot commercial condominium
- Flex‑space layout with office, warehouse, and mezzanine storage areas
- Rear dock‑high roll‑up door accommodates full‑size tractor‑trailers
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
$77,651
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
7.06%
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%
$1,553,020
$1.6M
Cap Rate 7%
$1,109,300
$1.1M
Cap Rate 9%
$862,789
$862.8K
Market Conditions
NOI Build-Up for 4,158 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
$124.7K $30.00/SF
− Vacancy
−$21.2K −$5.10/SF
EGI
$103.5K $24.90/SF
− OpEx
−$25.9K −$6.23/SF
NOI
$77.7K $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%
$1,553,020
Cap Rate 7%
$1,109,300
Cap Rate 9%
$862,789
Alternative Uses
Best Use
Office B
$1.11M
$970.6K – $1.29M
NOI $77,651 @ 7.0% cap · market cap 7.06%
Second Best
Warehouse
$402.9K
$352.6K – $470.1K
NOI $28,205 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,761 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32819, FL
30,857
Population
14,689
Households
2.1
Avg Household Size
40
Median Age
51%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,491
Density / Sq Mi
$94,386
Median Household Income
$47,166
Median Earnings
$1,947
Median Rent
$454,000
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Point Grill — 5001 sand lake rd, orlando, fl 32819
- Maria Maria Taqueria — 5001 w sand lake rd, orlando, fl 32819
- Mwca Inc — 6881 Kingspointe Pkwy STE 4, Orlando, FL 32819
- Catering And Events — 5454 International Dr, Orlando, FL 32819
Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained commercial condominium with office, warehouse, mezzanine storage, parking, and rear loading access.
Where is this flex space located?
The property is located at 6881 KINGSPOINTE Parkway Orlando, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,158‑square‑foot commercial condominium; Flex‑space layout with office, warehouse, and mezzanine storage areas; Rear dock‑high roll‑up door accommodates full‑size tractor‑trailers
