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

    11990 International Dr Orlando, FL 32821

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $16,000,000

    8.72 +/- acre commercial land on International Drive.

    Lot size:
    8.72 Acres

    Property Features for 11990 International Dr

    General Information

    Standard status
    Active
    Lot size
    8.72 Acres

    We can help!

    Listing Contact
    Brian Lichterman
    Source: Corcoran

    Listing Agency: BRIGHT REALTY Listing Agent: Brian Lichterman

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

    Learn more

    Overview

    International Drive Commercial Land Available

    This 8.72 +/- acre property is located on International Drive at the intersection with Westwood Boulevard. The property is fully entitled with PD zoning, allowing for tourist commercial uses up to 103,000 square feet. Building heights of up to 200 feet are permitted for hotels and up to 60 feet for retail spaces. The site has access to public sewer and water and offers excellent visibility.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.4706552
    Latitude
    28.390743

    Nearby Similar for Sale

    • $600,000
      1,567 SF

      Orlando Flex Office For Sale

      Strategically located flex office space in Orlando's southwest quadrant.
      8615 Commodity Cir, Orlando, FL 32819
      View Details
    • New
      $448,500
      1,175 SF

      Turnkey Restaurant on Colonial Drive

      Restaurant with strong fundamentals and expansion potential in Orlando.
      9852 E Colonial Dr, Orlando, FL 32817
      View Details
    • New
      $185,500
      1,200 SF

      Restaurant Business in Avalon Park

      Well-established restaurant business for sale in Orlando's Avalon Park.
      3564 Avalon Park Blvd, Orlando, FL 32828
      View Details
    • $499,900
      800 SF

      Orlando Office Space For Sale

      Centrally located office space with flexible layout options.
      1507 Park Center Dr, Orlando, FL 32835
      View Details
    • $450,000
      1,072 SF

      Orlando Mixed-Use Industrial Property

      Highly visible mixed-use property in prime Orlando industrial area.
      3100 Eunice Ave, Orlando, FL 32808
      View Details
    • $350,000
      3,548 SF

      Downtown Orlando Turnkey Bar/Lounge

      Turnkey bar/lounge business in Downtown Orlando, furniture and equipment included.
      Downtown Bar, Orlando, FL 32801
      View Details
    • $322,000
      631 SF

      Move-in Ready Commercial Office Space

      Versatile commercial space in a vibrant Orlando business corridor.
      4725 W Sand Lake Rd, Orlando, FL 32819
      View Details
    • New
      $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 Rd, Orlando, FL 32822
      View Details
    • $120,000
      2,000 SF

      Turnkey Restaurant Business Opportunity

      Restaurant business for sale in prime Orlando location.
      3042 W Sand Lake Rd, 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 Trl, Orlando, FL 32839
      View Details
    • $1,000,000
      Pending

      Orlando Dental Practice Opportunity

      Established dental practice and building for sale in Orlando.
      1900 W Colonial Dr, Orlando, FL 32804
      View Details
    • $549,000
      Pending

      Orlando Office with Lake View

      Fully equipped office space with lake views in Orlando, Florida.
      6965 Piazza Grande Ave, Orlando, FL 32835
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8.72 +/- acre commercial land on International Drive.
    Where is this commercial land located?
    The property is located at 11990 International Dr Orlando, FL.
    What is the asking price?
    The asking price for this property is $16,000,000.
    What are key features of this property?
    This property features: - Exceptional 8.72 +/- acre property on International Drive; - Fully entitled with PD zoning for tourist commercial uses; - Potential for up to 103,000 Sq. Ft of development
    (941) 780-4166
    Request Owner's contact information
    11990 International Dr Orlando, FL 32821
    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.
    11990 International Dr
    Orlando, FL 32821
    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
    11990 International Dr Orlando, FL 32821
    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
    Brian Lichterman
    Real Estate License ID: 3258323
    (941) 780-4166 (941) 552-6036
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!