Tenant-Occupied Mixed-Use
For Sale
$425,000
813 N FERN CREEK Avenue, Orlando, FL 32803
Commercial Sale, ORLANDO, FL
Property Size924 SF
Lot Size0.16 Acres
Price / SF$459.96
Days on Market94
Property Features for 813 N FERN CREEK Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
O-1/T/SP/A
Security features
Security System
Subdivision
COLONIAL GROVE ESTATES
Lot features
City Limits, Neighbourhood, Sidewalk
Directions
From the Central Business District, Downtown Orlando, Head toward N Magnolia Ave, Turn left onto N Magnolia Ave, Turn right onto E Marks St, Turn right onto N Fern Creek Ave, Destination will be on the left - parking behind the building
Standard status
Active
APN
19-22-30-1514-00-012
Size
924 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COLONIAL GROVE ESTATES 1ST ADD E/97 S 561/2 FT OF LOTS 1 & 2
Tax Annual Amount
6387
Legal Description
COLONIAL GROVE ESTATES 1ST ADD E/97 S 561/2 FT OF LOTS 1 & 2
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1935
Flooring type
Linoleum, Carpet
Building materials
Stucco, Frame
Roof type
Shingle
Listing Agency:
MAINFRAME REAL ESTATE
(407) 513-4257
Listed By:
Carla Trine · License #3381595
(407) 756-6392
Added: May 28
Changed: Aug 24
Last Checked: Aug 29 at 9:06PM
MLS# O6412211
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This tenant-occupied mixed-use property at 813 N Fern Creek Avenue in Orlando contains 924 square feet on a 7,063-square-foot lot. Built in 1935, the building features stucco and frame construction, linoleum and carpet flooring, central heating, central air, a shingle roof, electricity availability, and public sewer service.
The property is located in Colonialtown North near Downtown Orlando, Mills 50, the Milk District, Colonial Drive, SR 408, and I-4. The surrounding area includes local businesses, restaurants, retail, and residential development. The property is being sold as-is, and zoning, land use, permitted uses, and future development opportunities should be independently verified.
The property is located in Colonialtown North near Downtown Orlando, Mills 50, the Milk District, Colonial Drive, SR 408, and I-4. The surrounding area includes local businesses, restaurants, retail, and residential development. The property is being sold as-is, and zoning, land use, permitted uses, and future development opportunities should be independently verified.
Key Highlights
- Tenant‑occupied mixed‑use property at 813 N Fern Creek Avenue, Orlando, FL 32803
- 924 square feet on a 7,063‑square‑foot lot
- Built in 1935 with stucco and frame construction
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
$17,256
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
4.06%
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%
$345,120
$345.1K
Cap Rate 7%
$246,514
$246.5K
Cap Rate 9%
$191,733
$191.7K
Market Conditions
NOI Build-Up for 924 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
$27.7K $30.00/SF
− Vacancy
−$4.7K −$5.10/SF
EGI
$23.0K $24.90/SF
− OpEx
−$5.8K −$6.23/SF
NOI
$17.3K $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%
$345,120
Cap Rate 7%
$246,514
Cap Rate 9%
$191,733
Alternative Uses
Best Use
Office B
$246.5K
$215.7K – $287.6K
NOI $17,256 @ 7.0% cap · market cap 4.06%
Second Best
Mixed Use
$174.2K
$152.5K – $203.3K
NOI $12,197 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$297.7K
$260.5K – $347.3K
NOI $20,836 @ 7.0% cap · market cap 4.90%
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
2,475
Businesses Nearby
Explore this area
Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Compact commercial asset with an existing tenant, central Orlando positioning, and established building systems.
Where is this mixed-use property located?
The property is located at 813 N FERN CREEK Avenue Orlando, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Tenant‑occupied mixed‑use property at 813 N Fern Creek Avenue, Orlando, FL 32803; 924 square feet on a 7,063‑square‑foot lot; Built in 1935 with stucco and frame construction
