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9316 1st Ave, Orlando, FL 32824
Commercial property with C-3 zoning, ideal for various businesses.
Property Size1,015 SF
Lot Size0.17 Acres
Price / SF$369.46
Days on Market154
Property Features for 9316 1st Ave
General Information
Standard status
Active
Size
1,015 SF
Class
C
Lot size
0.17 Acres
Property subtype
Mixed Use, Office
Zoning
C-3
Listing Agency:
Allied Commercial Advisors, LLC
Listed By:
Sher Tolan, SIOR · License #bk667806
Source:
Crexi
Added: Mar 24
Changed: Aug 18
Last Checked: Aug 23 at 2:08PM
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 Allied Commercial Advisors, LLC
Investment Insights
Based on property information with market context.
This property, zoned C-3, presents diverse commercial development opportunities within a growing trade area. The +7,187 sqft site (+0.17 acres) allows for a variety of businesses, including retail, automotive sales, contractors, and entertainment venues. The location offers accessibility and visibility due to its proximity to major Florida corridors such as I-4, SR 528, and the Florida Turnpike. The existing 1,015 sqft building, concrete paved lot, and fully fenced property provide a foundation for business endeavors.
Key Highlights
- C‑3 Commercial Zoning allows for a variety of business uses
- Excellent accessibility and visibility due to proximity to major highways
- +7,187 sqft site (+0.17 Acres) in a flourishing trade area
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
$19,931
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
5.31%
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%
$398,620
$398.6K
Cap Rate 7%
$284,729
$284.7K
Cap Rate 9%
$221,456
$221.5K
Market Conditions
NOI Build-Up for 1,015 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
$29.5K $29.04/SF
− Vacancy
−$1.0K −$0.99/SF
EGI
$28.5K $28.05/SF
− OpEx
−$8.5K −$8.42/SF
NOI
$19.9K $19.64/SF
Area
ZIP 32824
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
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%
$398,620
Cap Rate 7%
$284,729
Cap Rate 9%
$221,456
Alternative Uses
Best Use
Retail
$284.7K
$249.1K – $332.2K
NOI $19,931 @ 7.0% cap · market cap 5.31%
Second Best
Office B
$243.7K
$213.3K – $284.3K
NOI $17,060 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$317.7K
$278.0K – $370.7K
NOI $22,241 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 32824, FL
57,412
Population
20,453
Households
2.8
Avg Household Size
36
Median Age
34%
College-Educated
90%
High-School Grad
33.5 sq mi
ZIP Area
1,714
Density / Sq Mi
$80,177
Median Household Income
$35,897
Median Earnings
$1,759
Median Rent
$354,200
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property with C-3 zoning, ideal for various businesses.
Where is this mixed-use property located?
The property is located at 9316 1st Ave Orlando, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: C‑3 Commercial Zoning allows for a variety of business uses; Excellent accessibility and visibility due to proximity to major highways; +7,187 sqft site (+0.17 Acres) in a flourishing trade area
