Value Add Orlando Office | 5029 North Ln
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Value Add Orlando Office 5029 North Ln
18,438 SF Vacant Office Building Online Auction Sale Orlando, FL 32808
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Investment Highlights
- Dynamic asset includes three office buildings totaling 18,438 SF with abundant surface parking over an expansive 2.64-acre lot in Orlando, Florida.
- Optimal owner/user or value-add investment opportunity to acquire a rare asset with the ability to accommodate a sole tenant or multiple businesses.
- Accessibly situated within a 3-mile radius of household-named amenities, including Walmart Supercenter, CVS, Aldi, Dollar General, Wendy’s, and more.
- Conveniently located a 10-minute drive from major highway I-4, 14 minutes from downtown, and 32 minutes from Orlando International Airport (MCO).
- Surrounded by a highly educated workforce where 41.7% of Orlando City residents obtain a bachelor’s degree or higher, surpassing the national average.
Executive Summary
Valuable acquisition in Orlando comprising three significant office buildings totaling 18,438 square feet, ideal for a company that is expanding or relocating to Central Florida. The two-story properties include two buildings at 6,133 square feet and one at 6,157 square feet, which are beneficially positioned over a spacious 2.64-acre lot with ample surface parking. These vacant properties are zoned O-1 for low-intensity offices. The buildings can serve as the premier workplace for a single owner/user business or can be divided into multiple office suites to accommodate many businesses.
Strategically located less than 5 miles from Interstate 4, 5029 North Lane offers optimal accessibility. Located 8 miles from Downtown Orlando, the property is surrounded by prominent retailers. Future tenants and visitors can appreciate being 3 miles from numerous conveniences. Major retailers and quick eats within this area include household-named businesses such as Walmart Supercenter, McDonald’s, Dollar General, Wendy’s, CVS, Aldi, Save A Lot, Walgreens, and more.
Favorably encompassing 5029 North Lane within a 5-mile radius is a dense and growing population of 264,826 residents who have a considerable average household income of over $72,600. Residents of Orlando are exceptionally well-educated and bring a skilled workforce to the area, as 41.7% of the population obtains a bachelor’s degree or higher, impressively surpassing the national average of 34.3%.
5029 North Lane serves as a unique asset with the optionality for a new owner or investor to acquire it for their own business, to lease it to a single corporation or multiple. Acquire this superb real estate to discover the abundant capabilities available in the Orlando office market less than 20 miles from the Orlando International Airport (MCO).
Property tours are available by appointment only. Please contact the broker to schedule.
Strategically located less than 5 miles from Interstate 4, 5029 North Lane offers optimal accessibility. Located 8 miles from Downtown Orlando, the property is surrounded by prominent retailers. Future tenants and visitors can appreciate being 3 miles from numerous conveniences. Major retailers and quick eats within this area include household-named businesses such as Walmart Supercenter, McDonald’s, Dollar General, Wendy’s, CVS, Aldi, Save A Lot, Walgreens, and more.
Favorably encompassing 5029 North Lane within a 5-mile radius is a dense and growing population of 264,826 residents who have a considerable average household income of over $72,600. Residents of Orlando are exceptionally well-educated and bring a skilled workforce to the area, as 41.7% of the population obtains a bachelor’s degree or higher, impressively surpassing the national average of 34.3%.
5029 North Lane serves as a unique asset with the optionality for a new owner or investor to acquire it for their own business, to lease it to a single corporation or multiple. Acquire this superb real estate to discover the abundant capabilities available in the Orlando office market less than 20 miles from the Orlando International Airport (MCO).
Property tours are available by appointment only. Please contact the broker to schedule.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Miscellaneous
Market Analytics Click Here to Access
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Market Sale Price per SF
Orlando - FL USA
Market Cap Rate
Orlando - FL USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Building Size
18,438 SF
Building Class
B
Year Built
1984
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,219 SF
Building FAR
0.16
Lot Size
2.64 AC
Zoning
O-1, Orlando - Low Intensity Offices - Residential Wekiva Overlay Resource Protection Overlay
Parking
65 Spaces (3.53 Spaces per 1,000 SF Leased)
Amenities
- Open-Plan
- Air Conditioning
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
16,080
102,701
264,826
2020 Population
16,454
105,435
262,709
2029 Population
16,509
105,381
273,596
2024-2029 Projected Population Growth
2.7%
2.6%
3.3%
Daytime Employees
1,415
31,605
115,397
Total Businesses
172
3,857
14,422
Average Household Income
$57,206
$59,126
$72,686
Median Household Income
$42,315
$44,439
$52,983
Total Consumer Spending
$127.9M
$850.5M
$2.6B
Median Age
35.5
37.2
37.8
2024 Households
5,513
35,263
97,659
Percent College Degree or Above
6%
11%
16%
Average Home Value
$222,154
$258,921
$319,176
$ values in USD
zoning
| Zoning Code | O-1, Orlando (Low Intensity Offices - Residential Wekiva Overlay Resource Protection Overlay) |
| O-1, Orlando (Low Intensity Offices - Residential Wekiva Overlay Resource Protection Overlay) |
PROPERTY TAXES
| Parcel Number | 29-2206-7246-00-010 | Total Assessment | $2,793,479 CAD (2023) |
| Land Assessment | $346,472 CAD (2023) | Annual Taxes | -$1 CAD |
| Improvements Assessment | $2,447,008 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
29-2206-7246-00-010
Land Assessment
$346,472 CAD (2023)
Improvements Assessment
$2,447,008 CAD (2023)
Total Assessment
$2,793,479 CAD (2023)
Annual Taxes
-$1 CAD
Tax Year
2024
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Amen Almukhtar
Contact
Auctioneer License:
Ten-X Commercial, LLC Vibhav Kapila RE Brkr CQ1063389
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Value Add Orlando Office | 5029 North Ln
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