Three-Suite Office
823 N Thornton Avenue, Orlando, FL 32803
For Sale
Contact for pricing
A two-story configuration contains three offices with separate electrical meters.
Property Size4,604 SF
Price / SF$390.96
Days on Market17
Property Features for 823 N Thornton Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Office Units
Property Use
Building Details
Year Built
Year Renovated
Buildings
Stories
Building Size
Listing Agency:
Bywater.com
Listed By:
scott williamson · License FL SL703530
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 10 at 9:04AM
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 Bywater.com
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Investment Insights
Based on property information with market context.
This 4,604 SF office property has two floors and three suites, each served by its own electric meter. The building dates to 1923 and underwent remodeling in 2015. Parking includes approximately 11 paved spaces, with additional street parking available.
The property at 823 N Thornton Avenue is in Orlando, Florida, minutes from Thornton Park and Downtown Orlando. I-4 and State Road 408 provide nearby road access.
The property at 823 N Thornton Avenue is in Orlando, Florida, minutes from Thornton Park and Downtown Orlando. I-4 and State Road 408 provide nearby road access.
Key Highlights
- 4,604 SF office building with three suites
- Two‑story building constructed in 1923 and remodeled in 2015
- Each suite has a separate electric meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,980
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,719,600
$1.7M
Cap Rate 7%
$1,228,286
$1.2M
Cap Rate 9%
$955,333
$955.3K
Market Conditions
NOI Build-Up for 4,604 SF
Gross rent
$138.1K $30.00/SF
− Vacancy
−$23.5K −$5.10/SF
EGI
$114.6K $24.90/SF
− OpEx
−$28.7K −$6.23/SF
NOI
$86.0K $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%
$1,719,600
Cap Rate 7%
$1,228,286
Cap Rate 9%
$955,333
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,980 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,818 @ 7.0% cap · market cap 5.77%
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
3
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,707
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
$421,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Orlando, FL
Properties on Market for Office buildings in Orlando
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Office building - A two-story configuration contains three offices with separate electrical meters.
Where is this office building located?
The property is located at 823 N Thornton Avenue Orlando, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 4,604 SF office building with three suites; Two‑story building constructed in 1923 and remodeled in 2015; Each suite has a separate electric meter
