Absolute NNN Office
For Sale
Contact for pricing
7335 LAKE ELLENOR DR, Orlando, FL 32809
Fully renovated two-story building secured by a new long-term lease with tenant-paid operating obligations.
Property Size7,742 SF
Price / SF$619.99
Days on Market56
Property Features for 7335 LAKE ELLENOR DR
General Information
Standard status
Active
Size
7,742 SF
Class
A
Total Parking Spaces
25
Property subtype
Office
Zoning
Ind-3/Ind-5
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$300,000
Building Details
Year Built
1984
Year Renovated
2025
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Vanwald & Associates
Listed By:
Costel Vanatoru · License #FL BK3139052
Source:
Crexi
Added: Aug 20
Changed: Oct 2
Last Checked: Oct 12 at 7:37PM
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 Vanwald & Associates
Investment Insights
Based on property information with market context.
This two-story office property has undergone a comprehensive 2024–2025 modernization, including a new roof, HVAC system, exterior cladding, interior reconstruction, redesigned parking and landscaping, and monument signage. The building contains 7,599 ± SF on 0.63 ± acres and is secured by fencing and gates with 25 parking spaces. Zoning is Ind-3/Ind-5.
The property is fully leased under a new 120-month absolute NNN lease. The agreement includes two five-year renewal options and 5% rent escalations every five years, with corporate and personal guarantees. The tenant is responsible for operating expenses, real estate taxes, insurance, maintenance, repairs, the roof, and HVAC.
Access includes I-4, SR-528, John Young Parkway, International Drive, The Florida Mall, Orlando International Airport, and downtown Orlando.
The property is fully leased under a new 120-month absolute NNN lease. The agreement includes two five-year renewal options and 5% rent escalations every five years, with corporate and personal guarantees. The tenant is responsible for operating expenses, real estate taxes, insurance, maintenance, repairs, the roof, and HVAC.
Access includes I-4, SR-528, John Young Parkway, International Drive, The Florida Mall, Orlando International Airport, and downtown Orlando.
Key Highlights
- New 120‑month absolute NNN lease with two five‑year renewal options
- 2024–2025 modernization included roof, HVAC, exterior cladding, interiors, parking, landscaping, and signage
- 7,599 ± SF two‑story office building on 0.63 ± acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,582
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,891,640
$2.9M
Cap Rate 7%
$2,065,457
$2.1M
Cap Rate 9%
$1,606,467
$1.6M
Market Conditions
NOI Build-Up for 7,742 SF
Gross rent
$232.3K $30.00/SF
− Vacancy
−$39.5K −$5.10/SF
EGI
$192.8K $24.90/SF
− OpEx
−$48.2K −$6.23/SF
NOI
$144.6K $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%
$2,891,640
Cap Rate 7%
$2,065,457
Cap Rate 9%
$1,606,467
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.41M
NOI $144,582 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,578 @ 7.0% cap · market cap 3.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,700
Businesses Nearby
Explore this area
Business Placement
Demographics for 32809, FL
29,478
Population
10,674
Households
2.8
Avg Household Size
36
Median Age
23%
College-Educated
79%
High-School Grad
10.4 sq mi
ZIP Area
2,834
Density / Sq Mi
$52,203
Median Household Income
$30,985
Median Earnings
$1,368
Median Rent
$281,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Orlando, FL
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Frequently Asked Questions
What type of property is this?
NNN property - Fully renovated two-story building secured by a new long-term lease with tenant-paid operating obligations.
Where is this nnn property located?
The property is located at 7335 LAKE ELLENOR DR Orlando, FL.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: New 120‑month absolute NNN lease with two five‑year renewal options; 2024–2025 modernization included roof, HVAC, exterior cladding, interiors, parking, landscaping, and signage; 7,599 ± SF two‑story office building on 0.63 ± acres
