Office-Configured Flex
For Sale
$1,150,000
Pending
6881 KINGSPOINTE Parkway, Orlando, FL 32819
Commercial Sale, ORLANDO, FL
Property Size4,265 SF
Lot Size0.02 Acres
Days on Market28
Property Features for 6881 KINGSPOINTE Parkway
General Information
Property type
Residential
Property subtype
Office
Zoning
I-P
Subdivision
DREWTINA COMMERCE CENTER
Directions
From I-4, take Exit 74A for Sand Lake Road, head west on Sand Lake Road, turn left onto Kingspointe Parkway, and 6881 Kingspointe Parkway (Units 1 & 2) will be on your right
Standard status
Pending
APN
29-23-29-0025-01-010
Size
4,265 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DREWTINA COMMERCIAL CENTER CONDO 7618/4825 UNIT 1 BLDG A; DREWTINA COMMERCIAL CENTER CONDO 7618/4825 UNIT 2 BLDG A
Tax Annual Amount
5128
Legal Description
DREWTINA COMMERCIAL CENTER CONDO 7618/4825 UNIT 1 BLDG A; DREWTINA COMMERCIAL CENTER CONDO 7618/4825 UNIT 2 BLDG A
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
2
Building materials
Stucco
Listing Agency:
COMPASS FLORIDA LLC
(727) 380-2067
Listed By:
Kim Meredith-Hampton · License #261015298
(407) 448-6679
Added: Jul 28
Changed: Aug 20
Last Checked: Aug 24 at 9:06AM
MLS# TB8531433
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 4,265-square-foot flex property contains two fully built-out units currently arranged for office operations. Unit 1 includes two downstairs offices, a restroom, and two additional private offices upstairs. Unit 2 provides a conference room, three downstairs offices, storage, a server room, kitchen and break area, a restroom, and three more offices on the upper level. The original industrial flex design allows the current office configuration to be retained or adapted for warehouse-oriented functionality.
Both units have tenants in place. The property was built in 2006 and features stucco construction, central air, public water, and public sewer. It is zoned I-P and situated within Drew Tine Commercial Center in the Kingspointe business corridor. Access is available to Florida's Turnpike, I-4, SR 408, Downtown Orlando, and Orlando International Airport.
Both units have tenants in place. The property was built in 2006 and features stucco construction, central air, public water, and public sewer. It is zoned I-P and situated within Drew Tine Commercial Center in the Kingspointe business corridor. Access is available to Florida's Turnpike, I-4, SR 408, Downtown Orlando, and Orlando International Airport.
Key Highlights
- 4,265 SF flex property with two built‑out office units
- Unit 2 includes conference room, server room, storage, kitchen/break area, and six offices
- Unit 1 includes four private or semi‑private offices and one restroom
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
$79,649
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
6.93%
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%
$1,592,980
$1.6M
Cap Rate 7%
$1,137,843
$1.1M
Cap Rate 9%
$884,989
$885.0K
Market Conditions
NOI Build-Up for 4,265 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
$128.0K $30.00/SF
− Vacancy
−$21.8K −$5.10/SF
EGI
$106.2K $24.90/SF
− OpEx
−$26.5K −$6.23/SF
NOI
$79.6K $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%
$1,592,980
Cap Rate 7%
$1,137,843
Cap Rate 9%
$884,989
Alternative Uses
Best Use
Office B
$1.14M
$995.6K – $1.33M
NOI $79,649 @ 7.0% cap · market cap 6.93%
Second Best
Industrial
$340.4K
$297.8K – $397.1K
NOI $23,825 @ 7.0% cap · market cap 2.07%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,173 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
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
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Similar Off Market Nearby
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- The Point Grill — 5001 sand lake rd, orlando, fl 32819
- Catering And Events — 5454 International Dr, Orlando, FL 32819
Frequently Asked Questions
What type of property is this?
Flex space - Two separately configured units include private offices, conference space, storage, and support areas.
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 $1,150,000.
What are key features of this property?
This property features: 4,265 SF flex property with two built‑out office units; Unit 2 includes conference room, server room, storage, kitchen/break area, and six offices; Unit 1 includes four private or semi‑private offices and one restroom
