Signalized Corner Retail
10 N Summerlin Ave, Orlando, FL 32801
For Sale
Contact for pricing
About 19,991 SF of 100% NNN-leased retail on a prominent, signalized corner in central Thornton Park.
Property Size19,991 SF
Price / SF$460.21
Days on Market245
Property Features for 10 N Summerlin Ave
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Corner Location
Listing Agency:
Lee & Associates | Orlando
(321) 281-8500
Listed By:
Samuel Gaslin · License FL SL3266563
(904) 505-5282
Source:
Moodyscre
Added: Mar 13
Changed: Nov 6
Last Checked: Nov 10 at 10:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Orlando
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Investment Insights
Based on property information with market context.
Thornton Park Central is a retail property that is described as 100% NNN-leased high-street retail. The asset occupies a prominent, signalized corner at the intersection of N. Summerlin Avenue and E. Central Boulevard and is offered as a for-sale transaction. The property size is approximately 19,991 SF.
The location is in the heart of Thornton Park, a walkable neighborhood in Downtown Orlando. The site is described as being just steps from Lake Eola and Downtown Orlando’s core.
This is a single-property retail offering positioned for tenants seeking high-street visibility on a signalized corner and the operational simplicity associated with a NNN structure as presented in the property remarks.
The location is in the heart of Thornton Park, a walkable neighborhood in Downtown Orlando. The site is described as being just steps from Lake Eola and Downtown Orlando’s core.
This is a single-property retail offering positioned for tenants seeking high-street visibility on a signalized corner and the operational simplicity associated with a NNN structure as presented in the property remarks.
Key Highlights
- 100% NNN‑leased retail property
- Prominent, signalized corner retail site
- Approximately 19,991 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$392,560
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,851,200
$7.9M
Cap Rate 7%
$5,608,000
$5.6M
Cap Rate 9%
$4,361,778
$4.4M
Market Conditions
NOI Build-Up for 19,991 SF
Gross rent
$580.5K $29.04/SF
− Vacancy
−$19.7K −$0.99/SF
EGI
$560.8K $28.05/SF
− OpEx
−$168.2K −$8.42/SF
NOI
$392.6K $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 Rate 5%
$7,851,200
Cap Rate 7%
$5,608,000
Cap Rate 9%
$4,361,778
Alternative Uses
Best Use
Retail
$5.61M
$4.91M – $6.54M
NOI $392,560 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.44M
$5.63M – $7.51M
NOI $450,786 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
9,255
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 44%
Dining 37%
Shops & Services 20%
Embassy Suites By Hilton Orlando Downtown
Hotels & Casinos
26,620 visits/mo
0.3 miles
7-Eleven
Shops & Services
11,879 visits/mo
0.2 miles
Jinya Ramen Bar
Dining
9,749 visits/mo
0.1 miles
Foxtail Coffee
Dining
7,039 visits/mo
0.1 miles
Starbucks
Dining
5,513 visits/mo
0.1 miles
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Orlando, FL
Properties on Market for Retail space in Orlando
Vacancy Rate% for Retail in Orlando, FL
Frequently Asked Questions
What type of property is this?
Retail space - About 19,991 SF of 100% NNN-leased retail on a prominent, signalized corner in central Thornton Park.
Where is this retail space located?
The property is located at 10 N Summerlin Ave Orlando, FL.
What is the asking price?
The asking price for this property is $9,200,000.
What are key features of this property?
This property features: 100% NNN‑leased retail property; Prominent, signalized corner retail site; Approximately 19,991 SF
