Mills 50 District Office
802 E COLONIAL DRIVE Orlando, FL 32803
For Sale
$1,299,000
Mixed-use office building in the Mills 50 District.
Property Size2,379 SF
Lot Size0.29 Acres
Price / SF$546.03
Days on Market483
Property Features for 802 E COLONIAL DRIVE
General Information
- Standard status
- Active
- Size
- 2,379 SF
- Lot size
- 0.29 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing Agency:
HAPPY HOME REAL ESTATE LLC
(407) 301-4322
Listed By:
ANDY CHEN · License #3376751
Source:
Corcoran
Added: Mar 30, 2025
Changed: Jul 6
Last Checked: Jul 25 at 8:40AM
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 HAPPY HOME REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This commercial mixed-use, free-standing office building has direct frontage on East Colonial Drive (50) and is located within the working boundaries that represent the Mills 50 District. Zoned MU-1/T, the property features 6 individual offices, a dedicated conference room, a reception area, and a kitchenette. There are 9 parking spots at the rear of the property. The building has a size of 2379 square feet. It is conveniently located less than 1 mile from I-4 and 0.2 miles from Mills Ave.
Key Highlights
- Prime location with direct frontage on East Colonial Drive in the Mills 50 District
- Zoned MU‑1/T, allowing for flexible mixed‑use possibilities
- Features 6 individual offices, conference room, reception area, and kitchenette
Financial Insights For Office B
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 | $71.4k | $30.00 |
| − Vacancy | −$12.1k | −$5.10 |
| EGI | $59.2k | $24.90 |
| − OpEx | −$14.8k | −$6.23 |
| NOI | $44.4k | $18.67 |
2,379 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$634.7K
$555.4K – $740.5K
NOI $44,428 @ 7.0% cap · market cap 3.42%
Second Best
Mixed Use
$448.6K
$392.5K – $523.4K
NOI $31,403 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$766.4K
$670.6K – $894.1K
NOI $53,645 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
L R Elite ...
Insurance Agency
LRM insurance Services ...
Financial Advisor
Credex Auto Title ...
Loan Service
Law Offices of Stephen ...
Law Firm
FAQs
What type of property is this?
Mixed-use property - Mixed-use office building in the Mills 50 District.
Where is this mixed-use property located?
The property is located at 802 E COLONIAL DRIVE Orlando, FL.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Prime location with direct frontage on East Colonial Drive in the Mills 50 District; Zoned MU‑1/T, allowing for flexible mixed‑use possibilities; Features 6 individual offices, conference room, reception area, and kitchenette
