Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail/Professional Plaza Near UCF Title is generated by Realmo AI

    Bldg. 50 Gemini Blvd N, Orlando, FL 32765

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail and professional spaces available near the University of Central Florida.

    Type:Retail, Office
    Added:
    Jun 12, 2020
    Days on Market:
    2183
    Last Refresh:
    May 19 at 8:44 pm

    Property Features for Bldg. 50 Gemini Blvd N

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1971

    Spaces For Lease

    at Bldg. 50 Gemini Blvd N Contact us

    We can help!

    Listing Contact
    Wendy Brown

    Listing agent Wendy Brown License #FL 3204421

    Listing office Tizon Commercial, LLC

    Listing date Jun 12, 2020

    Source Crexi

    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 Tizon Commercial, LLC

    HighLights

    • On‑campus location at the 2nd largest university in the U.S. (UCF)
    • 70,000+ students enrolled, providing a large customer base
    • 2,000 student housing beds located within Knights Plaza
    • High pedestrian traffic driven by approximately 375 annual events
    • 25,000+ households within a 3‑mile radius
    • 15,000+ UCF faculty/employees

    Overview

    This unique retail and professional plaza is located on the campus of the second-largest university in the U.S., the University of Central Florida (UCF). The location benefits from over 70,000 students enrolled, with continued growth expected. The surrounding area includes over 25,000 households within a 3-mile radius, with an average household income of $71,000 per year. Knights Plaza hosts approximately 375 events annually, drawing significant pedestrian traffic. The plaza also includes 2,000 student housing beds. Additionally, the location is near over 15,000 UCF faculty and employees, and over 120,000 alumni in Orange County.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.39707
    Latitude
    28.4031717

    Nearby Similar for Lease

    • $7,500/Mo
      2,307 SF

      Veranda Park Prime Office Space

      Combined office suites in high-visibility Orlando location, ideal for business.
      2295 S HIAWASSEE ROAD, ORLANDO, FL 32835
      View Details
    • $33 SF/Yr
      3,556 SF

      Orlando Retail Space on Edgewater

      Prime retail opportunity in Orlando's College Park neighborhood.
      4207 EDGEWATER DRIVE, ORLANDO, FL 32804
      View Details
    • $4,800/Mo
      2,400 SF

      Office/Warehouse Corner Unit in Orlando

      2400 sqft office/warehouse unit on Highway 441 available for rent.
      11609 S ORANGE BLOSSOM TRAIL, ORLANDO, FL 32837
      View Details
    • $15 SF/Yr
      14,302 SF

      Renovated Industrial Building For Lease

      Recently renovated 14,302 SF industrial building with upgrades and open floorplan.
      3852 L B MCLEOD ROAD, ORLANDO, FL 32805
      View Details
    • $750/Mo
      200 SF

      Class A Office Space

      One-room office in Dr. Phillips area available June 1st.
      6000 TURKEY LAKE ROAD, ORLANDO, FL 32819
      View Details
    • $73,272 SF/Yr
      65,535 SF

      Orlando Warehouse/Flex Space Sublease

      4,300 SF warehouse/flex space with office in Orlando.
      9777 Satellite Boulevard, Orlando, FL 32837
      View Details
    • $25 SF/Yr
      1,536 SF

      Well-Maintained Office Space Available

      1,536 SF office space in a desirable Orlando location.
      8751 COMMODITY CIRCLE, ORLANDO, FL 32819
      View Details
    • $17 SF/Yr
      77,970 SF

      Warehouse/Flex Space in Orlando

      Professionally managed warehouse/flex space with office component in Orlando.
      9777 SATELLITE BOULEVARD, ORLANDO, FL 32837
      View Details
    • $10,000/Mo
      3,100 SF

      Windermere Office and Studio Space

      Office and studio space for rent in Orlando, Florida.
      4705 S APOPKA VINELAND ROAD, ORLANDO, FL 32819
      View Details
    • $16,000/Mo
      6,706 SF

      Orlando Office Space For Rent

      Prime medical/business district office space available for lease.
      326 N MILLS AVENUE, ORLANDO, FL 32803
      View Details
    • $4,000/Mo
      1,200 SF

      Orlando Office/Medical Suite For Rent

      1200 SF office/medical suite in Orlando, FL. Full service.
      1900 N MILLS AVENUE, ORLANDO, FL 32803
      View Details
    • $3,250/Mo
      788 SF

      Office Condo in Baldwin Park

      788 SF office condo for lease in Orlando's Baldwin Park.
      871 OUTER ROAD, ORLANDO, FL 32814
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and professional spaces available near the University of Central Florida.
    Where is this retail space located?
    The property is located at Bldg. 50 Gemini Blvd N Orlando, FL.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: On‑campus location at the 2nd largest university in the U.S. (UCF); 70,000+ students enrolled, providing a large customer base; **2,000 student housing beds located within Knights Plaza**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Wendy Brown
    Real Estate License ID: FL 3204421
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Bldg. 50 Gemini Blvd N, Orlando, FL 32765
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!