Flex Space With Dock-High
For Sale
$1,100,000
6881 KINGSPOINTE PARKWAY, Orlando, FL 32819
Commercial condominium combines finished offices, warehouse area, and mezzanine storage in a functional business layout.
Property Size4,700 SF
Price / SF$234.04
Days on Market178
Property Features for 6881 KINGSPOINTE PARKWAY
General Information
Standard status
Active
Size
4,700 SF
Property subtype
Industrial
Warehouse & Industrial
Warehouse Space
1,950 SF
Office Build-Out
1,950 SF
Mezzanine
600 SF
Dock-High Doors
1
Taxes and HOA fees
Annual Taxes
$14,926
Amenities
3
City Road, Asphalt.
Building Details
Year Built
2006
Stories
2
Listing Agency:
ROBERT SLACK LLC
(352) 229-1187
Listed By:
Andre Freitas · License #3509505
Source:
Xome
Added: Mar 5
Changed: Aug 21
Last Checked: Aug 29 at 6:36AM
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 ROBERT SLACK LLC
Investment Insights
Based on property information with market context.
This commercial condominium at Drewtina Commerce Center within Crownpointe Commerce Park was built in 2006 and provides a combined office, warehouse, and storage configuration. The unit includes approximately 1,950 SF of office space, 1,950 SF of warehouse area, and 600 SF of mezzanine storage. A rear dock-high roll-up door supports loading and unloading, including access for full-size tractor-trailers. Oversized windows bring natural light into the space, while the building has an Italian travertine façade and ample parking.
Located at 6881 Kingspointe Parkway in Orlando, the property offers asphalt city-road access and dedicated loading areas. The layout is identified as suitable for office, distribution, showroom, or light industrial operations. The seller is open to a lease-back arrangement.
Located at 6881 Kingspointe Parkway in Orlando, the property offers asphalt city-road access and dedicated loading areas. The layout is identified as suitable for office, distribution, showroom, or light industrial operations. The seller is open to a lease-back arrangement.
Key Highlights
- Approximately 1,950 SF of office space, 1,950 SF of warehouse area, and 600 SF of mezzanine storage
- Rear dock‑high bay roll‑up door accommodates full‑size tractor‑trailers
- Built in 2006 with an Italian travertine façade
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
$87,773
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
7.98%
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%
$1,755,460
$1.8M
Cap Rate 7%
$1,253,900
$1.3M
Cap Rate 9%
$975,256
$975.3K
Market Conditions
NOI Build-Up for 4,700 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
$141.0K $30.00/SF
− Vacancy
−$24.0K −$5.10/SF
EGI
$117.0K $24.90/SF
− OpEx
−$29.3K −$6.23/SF
NOI
$87.8K $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%
$1,755,460
Cap Rate 7%
$1,253,900
Cap Rate 9%
$975,256
Alternative Uses
Best Use
Office B
$1.25M
$1.10M – $1.46M
NOI $87,773 @ 7.0% cap · market cap 7.98%
Second Best
Warehouse
$455.5K
$398.5K – $531.4K
NOI $31,882 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$1.51M
$1.32M – $1.77M
NOI $105,982 @ 7.0% cap · market cap 9.63%
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
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial condominium combines finished offices, warehouse area, and mezzanine storage in a functional business layout.
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: Approximately 1,950 SF of office space, 1,950 SF of warehouse area, and 600 SF of mezzanine storage; Rear dock‑high bay roll‑up door accommodates full‑size tractor‑trailers; Built in 2006 with an Italian travertine façade
