Four-Pump Gas Station
For Sale
$2,500,000
827 W LANCASTER Road, Orlando, FL 32809
Commercial Sale, ORLANDO, FL
Property Size5,984 SF
Lot Size0.78 Acres
Price / SF$417.78
Days on Market879
Property Features for 827 W LANCASTER Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C-3
Subdivision
ACREAGE
Lot features
Corner Lot, City Limits, Sidewalk, Street Lights, Paved
Directions
Take I-4 Express to Long St in Orlando. Take exit 9 from FL-408 W 13 min (12.8 mi) Follow US-441 S/US-92 W/Hwy 17 S/S Orange Blossom Trail/S Orange Blossom Trl to your destination.
Standard status
Active
APN
23-23-29-0000-00-151
Size
5,984 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 539.50 FT E OF SW COR OF SEC RUN E 200 FT N 211.50 FT TO S LINE OF SKY LAKEOAK RIDGE SEC FOUR Z/150 W 200 FT TH S 212.17 FT TO POB (LESS S 35 FT FOR R/W) &(LESS PT TAKEN ON S FOR R/W PER OR 5791/127 CI97-9442) IN SEC 23-23-29
Tax Annual Amount
9845
Legal Description
BEG 539.50 FT E OF SW COR OF SEC RUN E 200 FT N 211.50 FT TO S LINE OF SKY LAKEOAK RIDGE SEC FOUR Z/150 W 200 FT TH S 212.17 FT TO POB (LESS S 35 FT FOR R/W) &(LESS PT TAKEN ON S FOR R/W PER OR 5791/127 CI97-9442) IN SEC 23-23-29
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1967
Floors in Building
1
Number of units
3
Building materials
Block, Brick, Concrete
Listing Agency:
COLDWELL BANKER REALTY
(407) 696-8000
Listed By:
Nahed Georgy · License #3160895
(407) 951-2023
Added: Apr 15, 2024
Changed: Aug 24
Last Checked: Sep 10 at 9:06PM
MLS# O6187901
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 C-3 commercial property occupies 0.78 acres and includes a 5,984-square-foot building constructed in 1967. The site operates as a gas station with four pumps and newer double-wall fiberglass tanks, along with an attached convenience store. Block, brick, and concrete construction supports the existing improvements, which include central air and window or wall-mounted cooling systems.
Three additional units are fully leased to a barber/nail salon, restaurant, and bar/nightclub. The property is near the international airport and sits along a commercial corridor reporting more than 7,000 vehicles per day. Public water and public sewer serve the site, with phone service available.
Three additional units are fully leased to a barber/nail salon, restaurant, and bar/nightclub. The property is near the international airport and sits along a commercial corridor reporting more than 7,000 vehicles per day. Public water and public sewer serve the site, with phone service available.
Key Highlights
- Operating gas station with four pumps and newer double‑wall fiberglass tanks
- 5,984‑square‑foot commercial property on 0.78 acres
- C‑3 zoning with attached convenience store
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
$125,900
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
5.04%
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%
$2,518,000
$2.5M
Cap Rate 7%
$1,798,571
$1.8M
Cap Rate 9%
$1,398,889
$1.4M
Market Conditions
NOI Build-Up for 5,984 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
$173.8K $29.04/SF
− Vacancy
−$5.9K −$0.99/SF
EGI
$167.9K $28.05/SF
− OpEx
−$42.0K −$7.01/SF
NOI
$125.9K $21.04/SF
Area
Orlando, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
25.00%
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%
$2,518,000
Cap Rate 7%
$1,798,571
Cap Rate 9%
$1,398,889
Alternative Uses
Best Use
Specialty Retail
$1.80M
$1.57M – $2.10M
NOI $125,900 @ 7.0% cap · market cap 5.04%
Second Best
Retail
$1.68M
$1.47M – $1.96M
NOI $117,507 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,936 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
7,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,279
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Home Improvements & Furnishings 16%
Dining 12%
Wawa
Shops & Services
35,356 visits/mo
0.5 miles
Harbor Freight Tools
Home Improvements & Furnishings
10,190 visits/mo
0.4 miles
Family Dollar
Shops & Services
9,083 visits/mo
0.3 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
5,640 visits/mo
0.5 miles
Citgo
Shops & Services
2,278 visits/mo
0.3 miles
Demographics for 32809, FL
29,478
Population
10,674
Households
2.8
Avg Household Size
36
Median Age
23%
College-Educated
79%
High-School Grad
10.4 sq mi
ZIP Area
2,834
Density / Sq Mi
$52,203
Median Household Income
$30,985
Median Earnings
$1,368
Median Rent
$281,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - C-3 commercial property combines fuel service, convenience retail, and three leased commercial units near the international airport.
Where is this gas station located?
The property is located at 827 W LANCASTER Road Orlando, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Operating gas station with four pumps and newer double‑wall fiberglass tanks; 5,984‑square‑foot commercial property on 0.78 acres; C‑3 zoning with attached convenience store
