Two-Unit Office
6881 Kingspointe Pkwy Unit 1 & 2, Orlando, FL 32819
For Sale
$1,100,000
One suite is leased, and the furnished second suite is available for occupancy.
Property Size4,265 SF
Price / SF$257.91
Days on Market47
Property Features for 6881 Kingspointe Pkwy Unit 1 & 2
General Information
Standard status
Size
Class
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Road Access
Additional Details
Furnished
Office Units
Building Details
Building Size
Year Built
Buildings
Stories
Owner Occupied
Listed By:
Sandi Harrison
(850) 687-0207
Source:
Naiglobal
Added: Sep 24
Last Checked: Nov 8 at 3:25AM
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 Sandi Harrison
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Investment Insights
Based on property information with market context.
The offering combines two adjacent office condominium units that can be connected. The 1,357±-square-foot unit has a reception area, four private offices, an open work area, and a restroom. The 2,908±-square-foot unit spans two floors, with reception, eight private offices, open work areas, a server room, a break room, and a restroom. It is furnished, and the first unit is leased. The property was built in 2006 and features a travertine exterior and arched windows. Parking is located close to the building.
The property is just off Sand Lake Road, with access to I-4, John Young Parkway, and South Kirkman Road. Orlando I-P zoning permits office, flex, and retail uses.
The property is just off Sand Lake Road, with access to I-4, John Young Parkway, and South Kirkman Road. Orlando I-P zoning permits office, flex, and retail uses.
Key Highlights
- Two office condominium units offered together; the adjacent spaces can be connected
- Unit 1 contains 1,357± SF and is leased
- Unit 2 contains 2,908± SF, is furnished, and is available for lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,649
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
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
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 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 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,173 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road 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
$454,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Orlando, FL
Properties on Market for Office Units in Orlando
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Office unit - One suite is leased, and the furnished second suite is available for occupancy.
Where is this office unit located?
The property is located at 6881 Kingspointe Pkwy Unit 1 & 2 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: Two office condominium units offered together; the adjacent spaces can be connected; Unit 1 contains 1,357± SF and is leased; Unit 2 contains 2,908± SF, is furnished, and is available for lease
