Signalized Corner Retail
For Sale
Contact for pricing
10 N Summerlin Ave, Orlando, FL 32801
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 Market198
Property Features for 10 N Summerlin Ave
General Information
Standard status
Active
Size
19,991 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Corner Location
Yes
Listing Agency:
Lee & Associates | Orlando
(321) 281-8500
Listed By:
Samuel Gaslin · License ##SL3266563
(904) 505-5282
Source:
Moodyscre
Added: Mar 13
Changed: Sep 3
Last Checked: Sep 26 at 11:20AM
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
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 = 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
$392,560
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
4.27%
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%
$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
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
$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 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%
$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.
Property Analytics
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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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Orlando, FL
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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
