Mixed-Use Development
3508 Oranole Rd Orlando, FL
3508 Oranole Rd, Orlando, FL, 00000
Contact for pricing
For Sale
Contact for pricing
Premier mixed-use development site with retail and medical/office opportunities.
Property Size7,004 SF
Lot Size18.87 Acres
Price / SF$365.51
Days on Market460
Property Features for 3508 Oranole Rd
General Information
- Standard status
- Active
- Size
- 7,004 SF
- Lot size
- 18.87 Acres
- Property subtype
- RETAIL
Listing Agency
First Capital Property Group
(407) 872-0177
Listed by
Trey Gravenstein · License #SL3297477
Source
Moodyscre
Added: Apr 17, 2025 Updated: Jul 6 at 10:41 am Checked: May 20 at 8:56 pm
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 First Capital Property Group
Investment Insights
Based on property information with market context.
This mixed-use development is located at the intersection of Ocoee-Apopka Road and W Keene Road. The site features dark grey shell buildings suitable for retail, medical, and office uses. Retail drive-thru opportunities are available, along with over 2,000 square feet of patio space. The property has over 650 feet of frontage on Ocoee-Apopka Road and over 350 feet of frontage on W Keene Road, providing direct access and monument signage opportunities on both roads. It is situated less than one mile from Advent Health’s 7-story, 120-bed hospital and directly across from a new Publix Supermarket development. Apopka is noted as the second fastest-growing city in Central Florida, with approximately 20 million square feet of commercial and industrial space planned as of January 2023. The property offers approximately 7,004 square feet of space.
Key Highlights
- Premier mixed‑use development in a high‑growth area.
- Located less than a mile from Advent Health hospital and directly across from a new Publix.
- Retail drive‑thru opportunities and over 2,000 SF of patio space available.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $203.4k | $29.04 |
| − Vacancy | −$6.9k | −$0.99 |
| EGI | $196.5k | $28.05 |
| − OpEx | −$58.9k | −$8.42 |
| NOI | $137.5k | $19.64 |
7,004 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.96M
$1.72M – $2.29M
NOI $137,536 @ 7.0% cap · market cap 5.37%
Second Best
Office B
$1.87M
$1.64M – $2.18M
NOI $130,800 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$2.26M
$1.97M – $2.63M
NOI $157,936 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Gateway Crossings — 821 S State Rd 434, Altamonte Springs, FL 32714
- Comercial comida — 851 S State Rd 434, Altamonte Springs, FL 32714
FAQs
What type of property is this?
Shopping center - Premier mixed-use development site with retail and medical/office opportunities.
Where is this shopping center located?
The property is located at 3508 Oranole Rd Orlando, FL.
What is the asking price?
The asking price for this property is $2,560,000.
What are key features of this property?
This property features: Premier mixed‑use development in a high‑growth area.; Located less than a mile from Advent Health hospital and directly across from a new Publix.; Retail drive‑thru opportunities and over 2,000 SF of patio space available.
