Prime Corner Location Mixed-Use
5115 SILVER STAR ROAD Orlando, FL 32808
For Sale
$549,000
Pending
3000 sqft mixed-use property in a high-traffic Orlando location.
Property Size3,000 SF
Lot Size0.33 Acres
Days on Market757
Property Features for 5115 SILVER STAR ROAD
General Information
Standard status
Pending
Size
3,000 SF
Lot size
0.33 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1961
Listing Agency:
COMPASS FLORIDA LLC
(407) 948-8478
Listed By:
Brian Rotenberger · License #3253636
(407) 948-8478
Source:
Exitrealty
Added: Jul 3, 2024
Changed: Jul 6
Last Checked: Jul 28 at 4:48AM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This 3000 square foot mixed-use property is located at 5115 Silver Star Road, Orlando, FL, adjacent to an Opportunity Zone and within the Pine Hills Neighborhood Improvement District. The property spans two parcels, 5109 and 5115 Silver Star Road, with a combined lot size of 14,800 square feet (approximately 1/3 acre). A 3000 sqft building is situated on one parcel, complemented by a dedicated parking lot on the other. The building features a 2400 sqft main suite suitable for office or retail use, and a 600 sqft suite currently leased to a barber shop on a month-to-month basis. The larger suite is available for lease, offering flexibility for new ventures. The property is located at the corner of Silver Star and Pine Hills Roads, benefiting from high Average Daily Traffic from vehicles and pedestrian traffic, bolstered by the local high school. The upcoming Lynx bus depot, located less than a quarter-mile away, is expected to further enhance foot traffic and connect to the Pine Hills Trail. The property holds potential for a variety of enterprises.
Key Highlights
- 3000 sqft property with a 2400 sqft main suite suitable for office or retail use.
- Located on a corner lot with high vehicle and pedestrian traffic.
- Two parcels totaling 14,800 sqft (1/3 acre) including a dedicated parking lot.
Financial Insights For Mixed Use
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 | $72.0k | $24.00 |
| − Vacancy | −$8.6k | −$2.88 |
| EGI | $63.4k | $21.12 |
| − OpEx | −$23.8k | −$7.92 |
| NOI | $39.6k | $13.20 |
3,000 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$841.6K
$736.4K – $981.9K
NOI $58,911 @ 7.0% cap · market cap 10.73%
Second Best
Office B
$800.4K
$700.3K – $933.8K
NOI $56,025 @ 7.0% cap · market cap 10.20%
Theoretical Best
Office A
$966.4K
$845.6K – $1.13M
NOI $67,648 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - 3000 sqft mixed-use property in a high-traffic Orlando location.
Where is this mixed-use property located?
The property is located at 5115 SILVER STAR ROAD Orlando, FL.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 3000 sqft property with a **2400 sqft main suite suitable for office or retail use.**; Located on a **corner lot with high vehicle and pedestrian traffic.**; Two parcels totaling 14,800 sqft (1/3 acre) including a dedicated parking lot.
