Property profile

1118 Orange Ave Orlando, FL 32806

OFF-MARKET
Office Spaces
Property ID
US18-4560682
297 SF Built 1987
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Property summary

AI-generated overview

This exceptional 297-square-foot office condo, located at 1118 S Orange Ave #104 in Orlando, Florida, presents a unique investment opportunity. Situated in a Class B building constructed in 1987, this property boasts a convenient location, offering easy access to ample parking and proximity to a hospital. The unit is part of a three-story building and features a separate entrance, adding to its privacy and convenience. The interior comprises three distinct rooms/spaces, previously utilized as a recording studio. While the walls still retain carpeting from its previous use, the space is adaptable to various professional uses, including a small medical office. The property is zoned MU-2/T/SP and is offered as a partnership ownership. The asking price is $225,000, with attractive owner financing terms available: a $50,000 down payment and the balance financed at 8% interest over a 3- to 5-year term. The net rentable square footage is 297 square feet, matching the total square footage and air rights. This single-unit condo within a single building presents a compelling opportunity for a variety of professional uses in a highly desirable Orlando location. The zip code is 32806.

Property profile

Verified
Property type Office Spaces
Year built 1987
Total area 297 SF
UPID US18-4560682

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Spa & Massage Center Alternative Medicine Practice
  • Spa & Massage Center Alternative Medicine Practice
  • Spa & Massage Center Alternative Medicine Practice
  • Social Service Agency

Location

1118 Orange Ave Orlando, FL 32806
Orlando metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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