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    50 Gemini Blvd Orlando, FL 32765

    Sponsored
    For Lease
    $31 SF/Yr

    Orlando Office Building, Two Suites Available

    Lot size:
    85,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 85,000 square foot Class B commercial property, located at 50 Gemini Blvd N, Oviedo, FL 32765, presents a unique investment opportunity. Built in 1971, this multi-tenant building offers two available spaces ranging from 3,571 to 8,724 square feet, ideal for traditional office or medical office uses. The property boasts a prime location on the campus of the University of Central Florida, the second largest university in the U.S., providing unparalleled access to a substantial and growing student population of over 70,000. The surrounding area also features over 25,000 households within a three-mile radius, boasting an average household income exceeding $71,000 annually. The property benefits from significant pedestrian traffic, with approximately 375 events drawing crowds through Knights Plaza each year. Further enhancing its appeal are the 2,000 student housing beds located within the plaza itself, along with the proximity to over 12,000 UCF faculty and employees, and over 120,000 alumni residing in Orange County. This combination of factors creates a highly desirable location with strong potential for sustained growth and high occupancy rates. The property is categorized as Retail, Office with subtypes including Traditional Office, Medical Office, and Storefront.

    Property Features for 50 Gemini Blvd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    85,000 SF
    Class
    B
    Total Rate
    219583.33

    Building Details

    Year Built
    1971

    Unit(s) available at that property

    Space
    Available Space 3
    Size
    8,724 SF
    Rate per SF
    $31
    Space
    Available Space 2
    Size
    3,571 SF
    Rate per SF
    $31

    HighLights

    • 85,000 SF Class B multi‑tenant commercial building in Oviedo, FL.
    • Two available suites: 3,571 SF and 8,724 SF, suitable for office or medical use.
    • Prime location on the University of Central Florida campus, near 70,000+ students.
    • Strong demographics: 25,000+ households within 3 miles, $71,000+ average household income.
    • High pedestrian traffic due to 375+ annual events at nearby Knights Plaza and 2,000 student housing beds.
    • Retail, Office (Traditional Office, Medical Office, Storefront) property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.196966621697
    Latitude
    28.606727826145

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    FAQs

    What type of property is this?
    Individual retail property - Orlando Office Building, Two Suites Available
    Where is this individual retail property located?
    The property is located at 50 Gemini Blvd Orlando, FL.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: 85,000 SF Class B multi-tenant commercial building in Oviedo, FL.; Two available suites: 3,571 SF and 8,724 SF, suitable for office or medical use.; Prime location on the University of Central Florida campus, near 70,000+ students.
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    Realmo Value Estimation

    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.

    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.

    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
    50 Gemini Blvd Orlando, FL 32765
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