Two-Unit Office
For Sale
$1,150,000
6881 Kingspointe Parkway Unit 1&2, Orlando, FL 32819
Two configured office units provide private offices, collaboration areas, storage, and operational flexibility within a central business corridor.
Property Size4,265 SF
Price / SF$269.64
Days on Market183
Property Features for 6881 Kingspointe Parkway Unit 1&2
General Information
Standard status
Active
Size
4,265 SF
Property subtype
Office
Occupancy
100%
Additional Details
Highway Access
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$5,128
Amenities
Central Air
3
Building Details
Year Built
2006
Stories
2
Tenancy
Multi
Owner Occupied
No
Abandoned
No
Listing Agency:
COMPASS FLORIDA LLC
(727) 339-7902
Listed By:
Kim Meredith-Hampton · License #601196
(727) 295-0000
Source:
Xome
Added: Mar 7
Changed: Sep 5
Last Checked: Aug 31 at 3:54PM
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 FLORIDA LLC
Investment Insights
Based on property information with market context.
This 4,265-square-foot office property comprises two built-out units in a business park completed in 2006. The first unit includes four offices distributed across two levels and a restroom. The second provides a conference room, six private offices, storage, a server room, kitchen and break area, and a restroom. Central air serves the property, and both units are currently occupied by tenants.
The property is located at Drew Tine Commercial Center in Orlando’s Kingspointe business corridor, with access to Florida’s Turnpike, I-4, and SR 408. Downtown Orlando and Orlando International Airport are also accessible from the site. The existing office configuration can remain in place, while the original flex-space design supports consideration of future industrial or warehouse functionality.
The property is located at Drew Tine Commercial Center in Orlando’s Kingspointe business corridor, with access to Florida’s Turnpike, I-4, and SR 408. Downtown Orlando and Orlando International Airport are also accessible from the site. The existing office configuration can remain in place, while the original flex-space design supports consideration of future industrial or warehouse functionality.
Key Highlights
- Two office units totaling 4265 square feet
- Unit 1 includes four offices across two levels
- Unit 2 features six private offices, conference room, storage, and server room
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
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
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?
Office units - Two configured office units provide private offices, collaboration areas, storage, and operational flexibility within a central business corridor.
Where is this office units located?
The property is located at 6881 Kingspointe Parkway Unit 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 office units totaling 4265 square feet; Unit 1 includes four offices across two levels; Unit 2 features six private offices, conference room, storage, and server room
