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    7367 Colonial Dr. Orlando, FL 32807

    Sponsored
    For Sale
    $984,700

    High-traffic 2-acre site, ideal for retail development.

    Property size:
    89,932 SF

    Description

    Added:
    Jan 24, 2025
    Days on Market:
    355
    This exceptional 2.06-acre commercial land parcel at 7367 Colonial Dr., Orlando, FL 32807 presents a unique investment opportunity. Boasting a daily traffic count exceeding 50,000 vehicles, this strategically located site enjoys proximity to major national retailers including McDonald's, CVS, Subway, Burger King, Sam's Club, AMSCOT, and Papa John's. Its location three doors from the signalized intersection of Goldenrod Road, with a traffic count of 150,000 vehicles daily, further underscores its high visibility and potential. The property is zoned RSTD C-2 for retail uses, offering flexibility for various development plans. While wetlands are present on the site, requiring mitigation efforts to be confirmed with Orange County, the potential return on investment is significant, considering comparable properties within a 20-mile radius of Orange County sell for at least $1 million per acre. The property's convenient location, 2.5 miles from the 408, and its direct access to downtown Orlando, add to its appeal. This is a rare chance to acquire a substantial parcel in a high-demand area, making it an attractive proposition for discerning investors seeking a prime retail location. Sewer is available on-site. Recent comparable sales in the immediate vicinity further support the value proposition of this exceptional offering.

    Property Features for 7367 Colonial Dr.

    General Information

    Property type
    Other land
    Square Feet
    89,932 SF
    Price / Square Foot
    $10
    Elevators
    N/A
    Lot Size
    89,734 SF

    HighLights

    • High‑traffic location: Over 50,000 cars daily pass this 2‑acre Orlando site.
    • Surrounded by national brands: McDonald's, CVS, Subway, and more are nearby neighbors.
    • Prime retail zoning: RSTD C‑2 zoning allows for various retail uses.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    State
    Florida
    Longitude
    -81.288262
    Latitude
    28.568846

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    FAQs

    What type of property is this?
    Land - High-traffic 2-acre site, ideal for retail development.
    Where is this land located?
    The property is located at 7367 Colonial Dr. Orlando, FL.
    What is the asking price?
    The asking price for this property is $984,700.
    What are key features of this property?
    This property features: High-traffic location: Over 50,000 cars daily pass this 2-acre Orlando site.; Surrounded by national brands: McDonald's, CVS, Subway, and more are nearby neighbors.; Prime retail zoning: RSTD C-2 zoning allows for various retail uses.
    (407) 777-3133
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    7367 Colonial Dr. Orlando, FL 32807
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    Orlando, FL 32807
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7367 Colonial Dr. Orlando, FL 32807
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