Retail Building with Street-Facing
For Sale
Contact for pricing
1223 Columbia St, Orlando, FL 32805
A 4,480 SF retail building in Orlando, zoned I-G/T and suited for retail or commercial use.
Property Size4,480 SF
Price / SF$290.18
Days on Market116
Property Features for 1223 Columbia St
General Information
Standard status
Active
Size
4,480 SF
Property subtype
RETAIL
Zoning
I-G/T
Listing Agency:
Millenia Partners
(407) 370-3211
Listed By:
Luciano Medeiros · License #BK3311408
(832) 675-2415
Source:
Moodyscre
Added: May 13
Changed: Aug 14
Last Checked: Aug 14 at 8:06AM
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 Millenia Partners
Investment Insights
Based on property information with market context.
This 4,480 SF retail building is offered for sale and sits within an I-G/T zoning designation. The property is presented as a storefront-style asset, with suitability for retail or other commercial use.
The building is located in Orlando, Florida. The listing highlights retail or street retail investor interest and notes the opportunity for retail or commercial utilization under the existing zoning.
With its dedicated building size and I-G/T zoning, the property provides a straightforward platform for buyers looking to operate or reposition a retail-oriented facility for commercial purposes.
The building is located in Orlando, Florida. The listing highlights retail or street retail investor interest and notes the opportunity for retail or commercial utilization under the existing zoning.
With its dedicated building size and I-G/T zoning, the property provides a straightforward platform for buyers looking to operate or reposition a retail-oriented facility for commercial purposes.
Key Highlights
- 4,480 SF retail building in Orlando
- Zoned I‑G/T
- Suited for retail and street retail investors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$87,973
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,759,460
$1.8M
Cap Rate 7%
$1,256,757
$1.3M
Cap Rate 9%
$977,478
$977.5K
Market Conditions
NOI Build-Up for 4,480 SF
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.
Gross rent
$130.1K $29.04/SF
− Vacancy
−$4.4K −$0.99/SF
EGI
$125.7K $28.05/SF
− OpEx
−$37.7K −$8.42/SF
NOI
$88.0K $19.64/SF
Area
Orlando, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,759,460
Cap Rate 7%
$1,256,757
Cap Rate 9%
$977,478
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $87,973 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $101,021 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 41%
Home Improvements & Furnishings 4%
McDonald's
Dining
24,774 visits/mo
0.3 miles
Wendy's
Dining
11,500 visits/mo
0.2 miles
7-Eleven
Shops & Services
8,630 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,235 visits/mo
0.3 miles
AutoZone
Shops & Services
3,419 visits/mo
0.3 miles
Demographics for 32805, FL
23,331
Population
9,332
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
6.8 sq mi
ZIP Area
3,431
Density / Sq Mi
$39,425
Median Household Income
$29,592
Median Earnings
$1,112
Median Rent
$226,100
Median Home Value
Market
Vacancy Rate% for Retail in Orlando, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - A 4,480 SF retail building in Orlando, zoned I-G/T and suited for retail or commercial use.
Where is this retail space located?
The property is located at 1223 Columbia St Orlando, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,480 SF retail building in Orlando; Zoned I‑G/T; Suited for retail and street retail investors
