Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10921 E COLONIAL DRIVE Orlando, FL 32817

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    1.03 acre commercial land for sale in Orlando, Florida.

    Type:Land or Vacant Lot
    Lot size:
    1.03 Acres
    Added:
    Nov 8, 2025
    Days on Market:
    165
    Last Refresh:
    Apr 5 at 9:37 pm

    Property Features for 10921 E COLONIAL DRIVE

    General Information

    Standard status
    Active
    Lot size
    1.03 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    TUAN NGUYEN

    Listing agent TUAN NGUYEN

    Listing office VISTA REALTY INVESTMENT

    Listing date Nov 8, 2025

    Source Corcoran

    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 VISTA REALTY INVESTMENT

    Overview

    Prime Orlando Development Opportunity

    This 1.03-acre land parcel presents an investment opportunity for development in central Orlando. Situated on E Colonial Dr, the property is zoned ORG-C-1, permitting uses such as retail shops, personal services, food and beverage establishments including cafe restaurants, professional and medical offices, banks and financial institutions, hotels, motels, or automotive services. The location offers convenient access, being 7-9 minutes from Valencia College, UCF, and Waterford Town Shopping Center, with easy access to highways 408 and 417.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.2251
    Latitude
    28.5695

    Nearby Similar for Sale

    • $790,000
      2,833 SF

      Turn-Key Office Space Orlando

      Professional office with furniture included in a prime Orlando location.
      121 S ORANGE AVENUE, ORLANDO, FL 32801
      View Details
    • $1,850,000
      693 SF

      Orlando Warehouse with Office Space

      Versatile commercial warehouse with office, ideal for rental.
      560 BARRY STREET, ORLANDO, FL 32808
      View Details
    • $2,500,000
      3,996 SF

      Mechanic Shop/Retail Property in Orlando

      Well-located mechanic shop/retail property with established automotive infrastructure.
      4070 S GOLDENROD ROAD, ORLANDO, FL 32822
      View Details
    • $4,150,000
      14,302 SF

      Renovated Industrial Building For Sale

      14,302 SF renovated industrial building with offices and warehouses.
      3852 L B MCLEOD ROAD, ORLANDO, FL 32805
      View Details
    • $7,700,000
      36,268 SF

      Class A Orlando Office Building

      Environmentally conscious 36,268 sqft office building for sale.
      429 S KELLER ROAD, ORLANDO, FL 32810
      View Details
    • $1,150,000
      4,265 SF

      Orlando Office Units For Sale

      Two office units in Orlando's Kingspointe business corridor.
      6881 KINGSPOINTE PARKWAY, ORLANDO, FL 32819
      View Details
    • $600,000
      1,098 SF

      Versatile Mixed-Use Property in Orlando

      Flexible commercial space near Semoran Blvd and Colonial Drive.
      4749 HARGRAVE STREET, ORLANDO, FL 32803
      View Details
    • $1,150,000
      4,158 SF

      Versatile Flex Space in Orlando

      Well-located commercial condo with office, warehouse, and mezzanine space.
      6881 KINGSPOINTE PARKWAY, ORLANDO, FL 32819
      View Details
    • $315,000
      631 SF

      Turnkey Commercial Office in Orlando

      Move-in-ready office space near Florida Mall. Versatile for various businesses.
      4725 W SAND LAKE ROAD, ORLANDO, FL 32819
      View Details
    • $450,000
      19,494 SF

      Turnkey Supermarket on Orange Blossom

      19,494 SF supermarket with prime frontage on Orange Blossom Trail.
      4626 S ORANGE BLOSSOM TRAIL, ORLANDO, FL 32839
      View Details
    • $365,000

      Orlando Commercial Lot For Sale

      Cleared 0.31-acre commercial lot near Downtown Orlando.
      1221 25TH STREET, ORLANDO, FL 32805
      View Details
    • $450,000
      1,072 SF

      Orlando Mixed-Use Industrial Property

      Highly visible mixed-use property in prime Orlando industrial area.
      3100 EUNICE AVENUE, ORLANDO, FL 32808
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.03 acre commercial land for sale in Orlando, Florida.
    Where is this commercial land located?
    The property is located at 10921 E COLONIAL DRIVE Orlando, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Prime investment opportunity on a highly visible 1.03‑acre lot.; Zoned ORG‑C‑1, allowing for diverse uses such as retail, restaurants, offices, hotels, and automotive services.; Centrally located on E Colonial Dr in Orlando.
    (407) 895-5757
    We can help!
    Listing Contact
    TUAN NGUYEN
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!