Office Unit with Reception
New
For Sale
$599,000
8615 Commodity Cir Unit 2, Orlando, FL 32819
Flexible commercial suite in Orlando with two entrances, downstairs restroom, and convenient access to major regional routes.
Property Size1,567 SF
Price / SF$382.26
Days on Market5
Property Features for 8615 Commodity Cir Unit 2
General Information
Standard status
Active
Size
1,567 SF
Additional Details
Highway Access
Yes
Amenities
reception area
bathroom
2 entrances
Building Details
Year Built
2007
Listing Agency:
WRA BUSINESS & REAL ESTATE
Listed By:
Andrea Mendonca · License #3437299
(407) 534-3799
Source:
Globalsapphirerealty
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 20 at 11:19AM
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 WRA BUSINESS & REAL ESTATE
Investment Insights
Based on property information with market context.
This 1,567-square-foot office unit, completed in 2007, offers a functional commercial layout within a modern office park. The space includes a reception area, a downstairs bathroom, and two entrances, with more than five parking spaces serving the property. Its configuration supports a professional office environment and flexible workspace needs.
The property is located in Orlando’s southwest quadrant, approximately 5 minutes from EPIC UNIVERSAL. Access extends to Interstate 4, Highway 50, U.S. 441, 417, the East-West Expressway, and the Beach Line Expressway. Sand Lake Road and John Young Parkway are also nearby, while shopping, hotels, restaurants, financial institutions, technology businesses, and entertainment destinations are within the surrounding area.
The property is located in Orlando’s southwest quadrant, approximately 5 minutes from EPIC UNIVERSAL. Access extends to Interstate 4, Highway 50, U.S. 441, 417, the East-West Expressway, and the Beach Line Expressway. Sand Lake Road and John Young Parkway are also nearby, while shopping, hotels, restaurants, financial institutions, technology businesses, and entertainment destinations are within the surrounding area.
Key Highlights
- 1,567‑square‑foot office unit completed in 2007
- Reception area and downstairs bathroom
- Two entrances provide separate access points
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
$29,264
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
4.89%
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%
$585,280
$585.3K
Cap Rate 7%
$418,057
$418.1K
Cap Rate 9%
$325,156
$325.2K
Market Conditions
NOI Build-Up for 1,567 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
$47.0K $30.00/SF
− Vacancy
−$8.0K −$5.10/SF
EGI
$39.0K $24.90/SF
− OpEx
−$9.8K −$6.23/SF
NOI
$29.3K $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%
$585,280
Cap Rate 7%
$418,057
Cap Rate 9%
$325,156
Alternative Uses
Best Use
Office B
$418.1K
$365.8K – $487.7K
NOI $29,264 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$504.8K
$441.7K – $588.9K
NOI $35,335 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,574
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
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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?
Office units - Flexible commercial suite in Orlando with two entrances, downstairs restroom, and convenient access to major regional routes.
Where is this office units located?
The property is located at 8615 Commodity Cir Unit 2 Orlando, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,567‑square‑foot office unit completed in 2007; Reception area and downstairs bathroom; Two entrances provide separate access points
