Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1517 Hillcrest St Orlando, FL 32803

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $26 SF/Yr ($5,373 /Mo)

    Recently renovated retail space with flexible zoning in Orlando, FL.

    Property size:
    2,480 SF
    Lot size:
    0.16 Acres

    Property Features for 1517 Hillcrest St

    General Information

    Size
    2,480 SF
    Lot size
    0.16 Acres

    We can help!

    Listing Contact
    Bill Nguyen
    Bill Nguyen
    Source: Moodyscre

    Listing Agent: Bill Nguyen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Retail Space For Rent

    This retail space, recently renovated in 2025, offers 2480 square feet. The MU-2/T zoning allows for a wide range of uses. The average household income within a 1-mile radius is $115,359.
    Location Intelligence

    Current Use by Public Records

    WellnessBeauty Barber Shop APYL Computer Service Ivy Vu Acupuncturist I Wellness Center Health Spa Smalley & Co Accountant

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Hair Salon Law Firm Nail Salon Building Supply Clothing Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.3607964
    Latitude
    28.5524131

    Nearby Similar for Lease

    • $15 SF/Yr
      14,302 SF

      Renovated Industrial Building For Lease

      Recently renovated 14,302 SF industrial building with upgrades and open floorplan.
      3852 L B Mcleod Rd, Orlando, FL 32805
      View Details
    • $35 SF/Yr
      4,055 SF

      Freestanding Restaurant with Drive-Through

      Freestanding restaurant with drive-through on 1.38 acres for lease.
      8841 Commodity Cir, Orlando, FL 32819
      View Details
    • $29 SF/Yr
      242,174 SF

      Orlando Office Space Sub-Lease

      9,079 SF office space available for sub-lease in Orlando.
      225 E Robinson St, Orlando, FL 32801
      View Details
    • $19 SF/Yr
      Pending

      Orlando Office Space For Lease

      Professional office space in high-traffic Orlando corridor with ample parking.
      1813 N Dean Rd, Orlando, FL 32817
      View Details
    • $7,000 /Mo
      2,895 SF

      Versatile Commercial Property in Orlando

      Standalone commercial building with flexible layout and ample parking.
      1436 22Nd St, Orlando, FL 32805
      View Details
    • $5,000 /Mo
      1,626 SF

      Orlando Mixed-Use Commercial Building

      Versatile 1,626 sq ft commercial space near Downtown Orlando.
      319 Dillon Cir, Orlando, FL 32822
      View Details
    • $6,000 /Mo
      30,090 SF

      Orlando Mixed-Use Office Suites

      Premier office suites in a mixed-use building on Colonial Drive.
      126 E Colonial Dr, Orlando, FL 32801
      View Details
    • $53 SF/Yr
      3,150 SF

      Restaurant Space on Orange Blossom Trail

      High-visibility restaurant/commercial space for lease on South Orange Blossom Trail.
      7155 S Orange Blossom Trl, Orlando, FL 32809
      View Details
    • $20 SF/Yr
      2,601 SF

      Move-in Ready Orlando Office Space

      Vacant office space in Orlando's Central Business District.
      189 S Orange Ave, Orlando, FL 32801
      View Details
    • $26 SF/Yr
      1,650 SF

      Orlando Flex Space with Warehouse

      Versatile flex condo with office and warehouse space for lease.
      7901 Kingspointe Pkwy, Orlando, FL 32819
      View Details
    • $5,500 /Mo
      10,830 SF

      Orlando Warehouse with Secure Yard

      5,250 SF warehouse with fenced yard in Orlando.
      1026 W Central Blvd, Orlando, FL 32805
      View Details
    • $10 SF/Yr
      32,886 SF

      Spacious Open Office Space Available

      10,044 SF open office space, ideal for call center.
      5736 S Texas Ave, Orlando, FL 32839
      View Details

    FAQs

    What type of property is this?
    Retail space - Recently renovated retail space with flexible zoning in Orlando, FL.
    Where is this retail space located?
    The property is located at 1517 Hillcrest St Orlando, FL.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Recently renovated in 2025; - MU-2/T zoning allows for a wide range of uses; - Average Household Income of $115,359 within a 1-mi radius
    (407) 516-4300
    Request Owner's contact information
    1517 Hillcrest St Orlando, FL 32803
    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.
    1517 Hillcrest St
    Orlando, FL 32803
    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
    1517 Hillcrest St Orlando, FL 32803
    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

    We can help!
    Listing Contact
    Bill Nguyen
    Bill Nguyen
    Real Estate License ID: SL3588892
    (407) 516-4300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.