Furnished Remodeled Office
For Sale
$289,000
7802 Kingspointe Pkwy Unit 202, Orlando, FL 32819
Second-floor office condominium with a conference room, reception area, workstations, and included furnishings.
Property Size755 SF
Price / SF$382.78
Days on Market41
Property Features for 7802 Kingspointe Pkwy Unit 202
General Information
Standard status
Active
Size
755 SF
Space & Availability
Floor
2
Furnished
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1999
Listing Agency:
JR CERQUEIRA REALTY CORP
(407) 217-4073
Listed By:
Jose Ricardo Cerqueira
Source:
Globalsapphirerealty
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 29 at 11:43AM
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 JR CERQUEIRA REALTY CORP
Investment Insights
Based on property information with market context.
This second-floor office condominium at 7802 Kingspointe Pkwy Unit 202 provides approximately 755 SF of professionally configured workspace. The suite was remodeled and is offered fully furnished, excluding personal items. Its layout includes an individualized conference room, reception and living area, and workstation arrangement, with a modern urban-style finish suitable for professional, consulting, administrative, or creative office use.
The property was built in 1999 and is located in the South Star Office Park in the Dr. Phillips and Sand Lake area of Orlando. Access is available to I-4, Florida’s Turnpike, major business corridors, restaurants, and retail. The office complex includes common parking, and showings are by appointment with the listing agent.
The property was built in 1999 and is located in the South Star Office Park in the Dr. Phillips and Sand Lake area of Orlando. Access is available to I-4, Florida’s Turnpike, major business corridors, restaurants, and retail. The office complex includes common parking, and showings are by appointment with the listing agent.
Key Highlights
- Approximately 755 SF second‑floor office condominium
- Fully furnished and professionally decorated, excluding personal items
- Remodeled suite with modern urban‑style design and premium finishes
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
$14,100
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
4.88%
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%
$282,000
$282.0K
Cap Rate 7%
$201,429
$201.4K
Cap Rate 9%
$156,667
$156.7K
Market Conditions
NOI Build-Up for 755 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
$22.7K $30.00/SF
− Vacancy
−$3.9K −$5.10/SF
EGI
$18.8K $24.90/SF
− OpEx
−$4.7K −$6.23/SF
NOI
$14.1K $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%
$282,000
Cap Rate 7%
$201,429
Cap Rate 9%
$156,667
Alternative Uses
Best Use
Office B
$201.4K
$176.3K – $235.0K
NOI $14,100 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$243.2K
$212.8K – $283.8K
NOI $17,025 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
939
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 - Second-floor office condominium with a conference room, reception area, workstations, and included furnishings.
Where is this office units located?
The property is located at 7802 Kingspointe Pkwy Unit 202 Orlando, FL.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Approximately 755 SF second‑floor office condominium; Fully furnished and professionally decorated, excluding personal items; Remodeled suite with modern urban‑style design and premium finishes
