Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Maitland Center Title is generated by Realmo AI

    246 N Orlando Ave, Maitland, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space for lease in downtown Maitland, Orlando MSA.

    Type:RETAIL
    Property size:
    1,511 SF
    Lot size:
    0.22 Acres
    Added:
    Apr 2, 2024
    Days on Market:
    779
    Last Refresh:
    Apr 5 at 10:35 pm

    Property Features for 246 N Orlando Ave

    General Information

    Standard status
    Active
    Size
    1,511 SF
    Lot size
    0.22 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 246 N Orlando Ave Contact us

    We can help!

    Listing Contact
    Tyler Wilkins
    Tyler Wilkins

    Listing agent Tyler Wilkins

    Listing office Crossman & Company - Corporate

    Listing date Apr 2, 2024

    Source Moodyscre

    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 Crossman & Company - Corporate

    HighLights

    • Prime street front visibility on busy 17‑92/Orlando Avenue.
    • Located in the heart of downtown Maitland.
    • High traffic counts: 71,000 VPD.
    • Over 2,400 multi‑family units surrounding this location.
    • Close proximity to SunRail station.
    • Great mix of national and local tenants.

    Overview

    Located in the heart of downtown Maitland, this retail space offers prime street front visibility on busy 17-92/Orlando Avenue. The property is situated in the Orlando MSA and benefits from a mix of national and local tenants. The location is near a SunRail station and surrounded by over 2,400 multi-family units. Several multi-family developments and a new mixed-use development are located around the shopping center. Combined traffic counts reach 71,000 vehicles per day. The property offers 1,511 square feet of retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Publix Liquors at Maitland ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • LibertyX Bitcoin Cashier — 501 N Orlando Ave, Winter Park, FL 32789

    Location Insight

    • Map
    • Local Demand
    City
    Maitland
    County
    Orange
    State
    Florida
    Longitude
    -81.3632
    Latitude
    28.6288

    Nearby Similar for Lease

    • $4,000/Mo
      1,810 SF

      Maitland Medical Office For Rent

      Updated medical office space available near Maitland Avenue and I-4.
      331 N MAITLAND AVE, MAITLAND, FL 32751
      View Details
    • $13 SF/Yr
      3,600-3,600 SF

      Suite 117 - 3,600 SF in the Weld Family Trust Building

      105 Candace Dr, Maitland, FL 32751
      View Details
    • Sponsored
      $129-$5,293/Mo
      11-1,292 SF

      Winderly Place

      555 Winderley Pl, Unit 300, Maitland, FL 32751
      View Details
    • $18 SF/Yr
      6,150 SF

      Maitland Center Office Space Available

      Office space for rent in Maitland Center with mature landscaping.
      2250 Lucien Way, Maitland, Florida 32751
      View Details
    • $24,000 SF/Yr
      7,219 SF

      Maitland Office Space Available

      Office space for rent in Maitland, Florida.
      2035 HOWELL BRANCH ROAD 1080, MAITLAND, FL 32751
      View Details
    • $48,000 SF/Yr

      Updated Medical Office Space Available

      First-floor medical office with updated features and ample parking.
      331 N MAITLAND AVE, Maitland, FL 32751
      View Details
    • Contact for pricing

      FL, Maitland - Concourse Pkwy S

      850 Concourse Pkwy, Maitland, FL 32751
      View Details
    • $24 SF/Yr
      26,570 SF

      Class A Office Space Available

      Class A office space for rent in Maitland Center.
      2301 Maitland Center Parkway, Maitland, Florida 32751
      View Details
    • $16 SF/Yr
      40,389 SF

      Maitland School Space For Lease

      Maitland school space for lease, ideal for private or charter.
      613 Concourse Parkway South, Maitland, FL 32751
      View Details
    • Contact for pricing
      815 SF

      Maitland Office Suites For Lease

      Office suites available in Maitland, near Maitland City Centre.
      525 Sybelia Parkway | Maitland, FL 32751
      View Details
    • $21 SF/Yr
      5,364 SF

      Maitland Downtown Office Space

      Office space in the heart of Maitland Downtown.
      1051 Winderley Place, Maitland, FL, 32751
      View Details
    • Contact for pricing

      Maitland Renovated Professional Office Space

      Recently renovated office space in Maitland Exchange with frontage.
      670 N Orlando Ave Suite 1004B, Maitland, FL 32751
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space for lease in downtown Maitland, Orlando MSA.
    Where is this shopping center located?
    The property is located at 246 N Orlando Ave Maitland, FL.
    What is the lease rate?
    The lease rate is $48 SF/Yr.
    What are key features of this property?
    This property features: Prime street front visibility on busy 17‑92/Orlando Avenue.; Located in the heart of downtown Maitland.; High traffic counts: 71,000 VPD.
    (407) 423-5400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tyler Wilkins
    Tyler Wilkins
    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

    Thank You for Inquiry
    246 N Orlando Ave, Maitland, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!