Flex Space with Two Built-Out Office
For Sale
$1,150,000
Pending
6881 KINGSPOINTE Pkwy 1&2, Orlando, FL 32819
Two leased, office-configured flex units in a 2006 industrial business park with layouts for office and operational space.
Property Size4,265 SF
Days on Market26
Property Features for 6881 KINGSPOINTE Pkwy 1&2
General Information
Standard status
Pending
Size
4,265 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$5,128
Building Details
Building Size
4,265 SF
Year Built
2006
Stories
2
Tenancy
Multi
Listing Agency:
Compass
(407) 448-6679
Listed By:
Kim Meredith-Hampton · License #261015298
(407) 448-6679
Source:
Elliman
Added: Jul 29
Changed: Aug 17
Last Checked: Aug 23 at 4:30AM
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 Compass
Investment Insights
Based on property information with market context.
This flex space offering includes two fully built-out office units within a well-maintained industrial business park. Both units were originally designed as industrial flex space and are currently configured for office use, giving an owner-user flexibility to maintain the existing layouts or adapt the space for industrial or warehouse functionality. Unit 1 includes private and semi-private offices on the lower level, a restroom, and two private offices upstairs. Unit 2 features a conference room and multiple private offices on the lower level, a dedicated server room, a kitchen/break area, storage, a restroom, and three additional offices upstairs.
The property is located in the Kingspointe business corridor at 6881 KINGSPOINTE Pkwy 1&2 in Orlando. It provides convenient regional access to Florida’s Turnpike, I-4, SR 408, Downtown Orlando, and Orlando International Airport.
BikeScore is 45 (somewhat bikeable), walkScore is 34 (car-dependent), and transitScore is 33 (some transit).
The property is located in the Kingspointe business corridor at 6881 KINGSPOINTE Pkwy 1&2 in Orlando. It provides convenient regional access to Florida’s Turnpike, I-4, SR 408, Downtown Orlando, and Orlando International Airport.
BikeScore is 45 (somewhat bikeable), walkScore is 34 (car-dependent), and transitScore is 33 (some transit).
Key Highlights
- Two fully built‑out flex units configured for office use
- Unit 1 layout: private and semi‑private offices downstairs, restroom, two private offices upstairs
- Unit 2 layout: conference room and three offices downstairs, server room, kitchen/break area, restroom, three offices upstairs
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
100%
Occupancy
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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Frequently Asked Questions
What type of property is this?
Flex space - Two leased, office-configured flex units in a 2006 industrial business park with layouts for office and operational space.
Where is this flex space located?
The property is located at 6881 KINGSPOINTE Pkwy 1&2 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: Two fully built‑out flex units configured for office use; Unit 1 layout: private and semi‑private offices downstairs, restroom, two private offices upstairs; Unit 2 layout: conference room and three offices downstairs, server room, kitchen/break area, restroom, three offices upstairs
