Freestanding Retail Building with 13
For Sale
$3,250,000
3625 COLUMBIA Street, Orlando, FL 32805
SINGLE_FAMILY - ORLANDO, FL
Property Size12,885 SF
Lot Size0.96 Acres
Price / SF$252.23
Days on Market87
Property Features for 3625 COLUMBIA Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
AC-1/SP
Subdivision
WASHINGTON SHORES SUB
Directions
John Young Parkway North Left on Columbia, Building will be on the Right.
Standard status
Active
APN
33-22-29-9016-09-150
Size
12,885 SF
Lot size
0.96 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WASHINGTON SHORES SUB Q/163 LOTS 15 THROUGH 25 BLK I SEE 2946/22 & 4046/1585
Tax Annual Amount
19711
Legal Description
WASHINGTON SHORES SUB Q/163 LOTS 15 THROUGH 25 BLK I SEE 2946/22 & 4046/1585
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1953
Building materials
Block
Listing Agency:
MAGNUS REALTY GROUP LLC · RE/MAX International
(407) 286-6042
Listed By:
Cedrick Williams · License #3054866
(321) 287-5668
Added: May 18
Changed: Jul 20
Last Checked: Aug 12 at 3:06PM
MLS# O6408491
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Offered for sale, this freestanding retail building is located in Orlando’s historic Washington Shores neighborhood at 3625 Columbia Street. The property includes a total of 13 onsite retail units, with an existing tenant mix that includes a convenience store, barbershops, pharmacy, nail salon, Taiwanese restaurant, car wash/detail shop, and WS Seafood Fish Market. The shopping center is listed as Zoned AC-1/SP.
The site is offered as a functional, income-producing neighborhood retail asset today, while also presenting opportunities for future redevelopment or repositioning, as described in the offering materials. The lot size is listed at 0.96 acres, with a total property size of 12,885 square feet.
The site is offered as a functional, income-producing neighborhood retail asset today, while also presenting opportunities for future redevelopment or repositioning, as described in the offering materials. The lot size is listed at 0.96 acres, with a total property size of 12,885 square feet.
Key Highlights
- Freestanding retail building in the historic Washington Shores neighborhood
- Built in 1953 with block construction materials
- Currently has 13 onsite units with a diverse tenant mix, including a convenience store, barbershops, pharmacy, nail salon, Taiwanese restaurant, car wash/detail shop, and WS Seafood Fish Market
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
$253,021
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
7.79%
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%
$5,060,420
$5.1M
Cap Rate 7%
$3,614,586
$3.6M
Cap Rate 9%
$2,811,344
$2.8M
Market Conditions
NOI Build-Up for 12,885 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
$374.2K $29.04/SF
− Vacancy
−$12.7K −$0.99/SF
EGI
$361.5K $28.05/SF
− OpEx
−$108.4K −$8.42/SF
NOI
$253.0K $19.64/SF
Area
Orlando, FL
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%
$5,060,420
Cap Rate 7%
$3,614,586
Cap Rate 9%
$2,811,344
Alternative Uses
Best Use
Retail
$3.61M
$3.16M – $4.22M
NOI $253,021 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.15M
$3.63M – $4.84M
NOI $290,550 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
Family Dollar
Shops & Services
6,564 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
6,171 visits/mo
0.2 miles
Dollar General
Shops & Services
5,833 visits/mo
0.4 miles
Demographics for 32805, FL
23,331
Population
9,332
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
6.8 sq mi
ZIP Area
3,431
Density / Sq Mi
$39,425
Median Household Income
$29,592
Median Earnings
$1,112
Median Rent
$226,100
Median Home Value
Market
Vacancy Rate% for Retail in Orlando, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- JUST TAXES UNLIMITED — 3610 Columbia St, Orlando, FL 32805
- Beauty Depot — 4001 Columbia St, Orlando, FL 32811
- Washington Shores Shopping Plaza — Columbia St, Orlando, FL 32805
Frequently Asked Questions
What type of property is this?
Shopping center - Freestanding retail building with 13 onsite units, including WS Seafood Fish Market.
Where is this shopping center located?
The property is located at 3625 COLUMBIA Street Orlando, FL.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Freestanding retail building in the historic Washington Shores neighborhood; Built in 1953 with block construction materials; Currently has 13 onsite units with a diverse tenant mix, including a convenience store, barbershops, pharmacy, nail salon, Taiwanese restaurant, car wash/detail shop, and WS Seafood Fish Market
