Flex Space with Dock-High
For Sale
Under Contract
$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 Market202
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 Under Contract
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
loading areas
dock-high bay roll-up door
oversized windows
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: Sep 9
Last Checked: Sep 21 at 5:06AM
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 industrial condominium unit combines office, warehouse, and mezzanine storage areas within a flexible commercial layout. Built in 2006 with tilt-up wall construction, the property features an Italian travertine exterior, oversized windows, and a rear dock-high roll-up door. The loading configuration accommodates full-size tractor-trailers and supports efficient receiving and shipping.
The property is located in the Drewtina Commerce Center at Crownpointe Commerce Park in Orlando. Ample parking and designated loading areas support day-to-day business operations. I-P zoning and the existing office-warehouse configuration provide a practical setting for distribution, showroom, office, or light industrial uses.
The property is located in the Drewtina Commerce Center at Crownpointe Commerce Park in Orlando. Ample parking and designated loading areas support day-to-day business operations. I-P zoning and the existing office-warehouse configuration provide a practical setting for distribution, showroom, office, or light industrial uses.
Key Highlights
- 4,158 SF industrial condominium unit in Orlando
- Approximately 1,950 SF of office area and 1,950 SF of warehouse area
- Approximately 600 SF of mezzanine storage
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Orlando, FL
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Frequently Asked Questions
What type of property is this?
Flex space - Office, warehouse, and mezzanine areas create a flexible setting for distribution, showroom, or light industrial operations.
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 SF industrial condominium unit in Orlando; Approximately 1,950 SF of office area and 1,950 SF of warehouse area; Approximately 600 SF of mezzanine storage
