Three-Unit Retail Shopping
For Sale
$1,350,000
741 BENNETT Road, Orlando, FL 32803
Commercial Sale, ORLANDO, FL
Property Size4,992 SF
Lot Size0.38 Acres
Price / SF$270.43
Days on Market374
Property Features for 741 BENNETT Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
MU-2/AN
Subdivision
TINKER HEIGHTS
Directions
East bound on E Colonial Dr, take a left on Bennett Rd, property will be on the right.
Standard status
Active
APN
20-22-30-8688-08-020
Size
4,992 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
TINKER HEIGHTS M/93 LOTS 2 THRU 4 (LESSW 20 FT FOR R/W) BLK H SEE 2563/516
Tax Annual Amount
10577
Legal Description
TINKER HEIGHTS M/93 LOTS 2 THRU 4 (LESSW 20 FT FOR R/W) BLK H SEE 2563/516
Utilities
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1961
Floors in Building
1
Building materials
Concrete
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Tito Urbano Perez · License #3470017
(407) 907-0350
Added: Aug 15, 2025
Changed: Aug 21
Last Checked: Aug 23 at 9:06PM
MLS# TB8418197
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.
This three-suite retail center at 741 Bennett Road in Orlando is constructed with concrete and dates to 1961. The property includes a 2,146-square-foot restaurant suite with a liquor license in place, along with spaces occupied by a window tinting business and an electronics repair shop. Window and wall/window unit cooling systems serve the building.
The site encompasses 0.38 acres in the 32803 postal area and carries MU-2/AN zoning. Its existing mix of retail, service, and restaurant uses creates a varied commercial configuration, with the restaurant component representing a substantial portion of the improvements. The property is offered for sale.
The site encompasses 0.38 acres in the 32803 postal area and carries MU-2/AN zoning. Its existing mix of retail, service, and restaurant uses creates a varied commercial configuration, with the restaurant component representing a substantial portion of the improvements. The property is offered for sale.
Key Highlights
- Three‑unit retail configuration at 741 Bennett Road, Orlando, FL 32803
- 2,146‑square‑foot restaurant suite with liquor license in place
- Existing occupants include window tinting and electronics repair businesses
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
$98,027
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
7.26%
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%
$1,960,540
$2.0M
Cap Rate 7%
$1,400,386
$1.4M
Cap Rate 9%
$1,089,189
$1.1M
Market Conditions
NOI Build-Up for 4,992 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
$145.0K $29.04/SF
− Vacancy
−$4.9K −$0.99/SF
EGI
$140.0K $28.05/SF
− OpEx
−$42.0K −$8.42/SF
NOI
$98.0K $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%
$1,960,540
Cap Rate 7%
$1,400,386
Cap Rate 9%
$1,089,189
Alternative Uses
Best Use
Retail
$1.40M
$1.23M – $1.63M
NOI $98,027 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,567 @ 7.0% cap · market cap 8.34%
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
1,808
Businesses Nearby
306k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Apparel 27%
Dining 15%
Electronics 12%
Wawa
Shops & Services
49,279 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
33,719 visits/mo
0.2 miles
Best Buy
Electronics
32,926 visits/mo
0.4 miles
Macy's
Apparel
31,464 visits/mo
0.3 miles
Jo-Ann Fabric and Craft
Shops & Services
20,654 visits/mo
0.4 miles
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
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
- Colonial Marketplace — 2933 E Colonial Dr, Orlando, FL 32803
- Herndon Village Shoppes — E Colonial Dr, Orlando, FL 32803
- Colonial Landing — 3228 E Colonial Dr, Orlando, FL 32803
- Fashion Village — E Colonial Dr, Orlando, FL 32803
- Fashion Square Plaza — Fashion Sq, Orlando, FL 32803
Frequently Asked Questions
What type of property is this?
Shopping center - Concrete retail property with an established three-suite configuration and MU-2/AN zoning in Orlando.
Where is this shopping center located?
The property is located at 741 BENNETT Road Orlando, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three‑unit retail configuration at 741 Bennett Road, Orlando, FL 32803; 2,146‑square‑foot restaurant suite with liquor license in place; Existing occupants include window tinting and electronics repair businesses
