733 W COLONIAL DRIVE, Orlando, FL 32804
Fully renovated office building in downtown Orlando with parking.
- Added:
- Sep 18, 2024
- Days on Market:
- 660
- Last Refresh:
- Apr 6 at 2:16 am
Property Features for 733 W COLONIAL DRIVE
General Information
- Standard status
- Active
- Size
- 3,462 SF
- Lot size
- 0.19 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1925
Listing office HOMES PREMIER REALTY LLC (407) 218-2986
Listing date Sep 18, 2024
Source Exitrealty
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 HOMES PREMIER REALTY LLC
HighLights
- $25,000 credit towards closing costs.
- Fully renovated office building, inside and out.
- Located in downtown Orlando near Creative Village.
- 10 spacious offices, large training room, and conference room.
- 12 parking spaces plus street parking.
- Newer AC units and roof replaced in 2021.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.9k | $30.00 |
| − Vacancy | −$17.7k | −$5.10 |
| EGI | $86.2k | $24.90 |
| − OpEx | −$21.6k | −$6.23 |
| NOI | $64.7k | $18.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Brevard
- State
- Florida
- Longitude
- -81.3901
- Latitude
- 28.5531
