Move-In Ready Corner Office
For Sale
Contact for pricing
189 S Orange Ave #840, Orlando, FL 32801
Premium office space with lake views, furnished or unfurnished.
Property Size4,818 SF
Price / SF$246.99
Days on Market814
Property Features for 189 S Orange Ave #840
General Information
Standard status
Active
Size
4,818 SF
Class
A
Property subtype
Office
Listing Agency:
Stirling International Real Estate
Listed By:
Roger Soderstrom Jr · License #FL
Source:
Crexi
Added: Jul 29, 2024
Changed: Oct 2
Last Checked: Oct 19 at 5:27AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,976
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,799,520
$1.8M
Cap Rate 7%
$1,285,371
$1.3M
Cap Rate 9%
$999,733
$999.7K
Market Conditions
NOI Build-Up for 4,818 SF
Gross rent
$144.5K $30.00/SF
− Vacancy
−$24.6K −$5.10/SF
EGI
$120.0K $24.90/SF
− OpEx
−$30.0K −$6.23/SF
NOI
$90.0K $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%
$1,799,520
Cap Rate 7%
$1,285,371
Cap Rate 9%
$999,733
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
9,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Office unit - Premium office space with lake views, furnished or unfurnished.
Where is this office unit 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.
