Move-In Ready Corner Office
189 S Orange Ave #840 Orlando, FL 32801
189 S Orange Ave #840, Orlando, FL, 32801
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For Sale
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Premium office space with lake views, furnished or unfurnished.
Property Size4,818 SF
Price / SF$246.99
Days on Market722
Property Features for 189 S Orange Ave #840
General Information
- Standard status
- Active
- Size
- 4,818 SF
- Property subtype
- Office
Listing Agency
Stirling International Real Estate
Listed by
Roger Soderstrom Jr · License #FL
Source
Crexi
Added: Jul 29, 2024 Updated: Jul 10 at 11:17 am Checked: Jul 19 at 9:36 am
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 Stirling International Real Estate
Investment Insights
Based on property information with market context.
This corner office suite offers 4,818 square feet of space with views of Lake Eola. The suite is suitable for professional services and features 14 private offices, a spacious conference room, a reception area, and a fully equipped kitchen. Previously used as an attorney's office, the space includes floor-to-ceiling glass windows that provide natural light and lake views. The office suite is move-in ready and available furnished or unfurnished.
Key Highlights
- Prime corner office suite with sweeping views of Lake Eola.
- Move‑in ready condition for a seamless transition.
- Expansive 4,818 sq ft of premium office space.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.5k | $30.00 |
| − Vacancy | −$24.6k | −$5.10 |
| EGI | $120.0k | $24.90 |
| − OpEx | −$30.0k | −$6.23 |
| NOI | $90.0k | $18.67 |
4,818 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.12M – $1.50M
NOI $89,976 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,643 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Daytona Lubricants
Industrial Manufacturer
There's A New Way
Hospital
RadiusBlue
(Bike/Boat/Book/etc) Store
Fortress Cyber Security
IT Consulting Firm
Gogo Charters Orlando
Travel Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Premium office space with lake views, furnished or unfurnished.
Where is this office units located?
The property is located at 189 S Orange Ave #840 Orlando, FL.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Prime corner office suite with sweeping views of Lake Eola.; Move‑in ready condition for a seamless transition.; Expansive 4,818 sq ft of premium office space.
