Orlando Flex Space
For Sale
$1,100,000
6881 KINGSPOINTE Pkwy 3, Orlando, FL 32819
Versatile flex space suitable for office, distribution, showroom, or industrial.
Property Size4,158 SF
Lot Size0.08 Acres
Price / SF$239.13
Days on Market156
Property Features for 6881 KINGSPOINTE Pkwy 3
General Information
Standard status
Active
Size
4,158 SF
Lot size
0.08 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$14,926
Building Details
Building Size
4,158 SF
Year Built
2006
Stories
2
Listing Agency:
ROBERT SLACK LLC
(407) 690-9173
Listed By:
Andre Freitas · License #3509505
(407) 690-9173
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:22AM
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.
Located in the Drewtina Commerce Center within Crownpointe Commerce Park in Orlando, this commercial condominium unit provides a functional environment for various business uses. Constructed in 2006, the building features an Italian travertine façade, large windows for natural light, ample parking, and loading areas. The unit includes approximately 1950 square feet of office space, 2000 square feet of warehouse area, and 650 square feet of mezzanine storage, creating a flex-space layout suitable for office, distribution, showroom, or light industrial operations. A dock-high bay roll-up door at the rear facilitates loading and unloading and accommodates full-size tractor-trailers. This property presents an opportunity for both owner-users and investors seeking an industrial/office condominium. The seller requires a leaseback of up to 3 months at $8,000 per month to relocate operations from the day of closing.
Key Highlights
- Versatile flex‑space layout suitable for office, distribution, showroom, or light industrial operations with approximately 1950 SF of office space, 2000 SF of warehouse area, and 650 SF of mezzanine storage.
- Conveniently located in the Drewtina Commerce Center at Crownpointe Commerce Park, in the heart of Orlando.
- Dock‑high bay roll‑up door at the rear allows efficient loading/unloading and 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
$90,330
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
8.21%
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%
$1,806,600
$1.8M
Cap Rate 7%
$1,290,429
$1.3M
Cap Rate 9%
$1,003,667
$1.0M
Market Conditions
NOI Build-Up for 4,600 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
$133.6K $29.04/SF
− Vacancy
−$4.5K −$0.99/SF
EGI
$129.0K $28.05/SF
− OpEx
−$38.7K −$8.42/SF
NOI
$90.3K $19.64/SF
Area
Orlando, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,806,600
Cap Rate 7%
$1,290,429
Cap Rate 9%
$1,003,667
Alternative Uses
Best Use
Retail
$1.29M
$1.13M – $1.51M
NOI $90,330 @ 7.0% cap · market cap 8.21%
Second Best
Office B
$1.23M
$1.07M – $1.43M
NOI $85,905 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,727 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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.
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile flex space suitable for office, distribution, showroom, or industrial.
Where is this flex space located?
The property is located at 6881 KINGSPOINTE Pkwy 3 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: Versatile flex‑space layout suitable for office, distribution, showroom, or light industrial operations with approximately 1950 SF of office space, 2000 SF of warehouse area, and 650 SF of mezzanine storage.; Conveniently located in the Drewtina Commerce Center at Crownpointe Commerce Park, in the heart of Orlando.; Dock‑high bay roll‑up door at the rear allows efficient loading/unloading and accommodates full‑size tractor‑trailers.
