Remodeled Commercial Building on
For Sale
$1,350,000
Pending
5005 EDGEWATER Dr, Orlando, FL 32810
Freestanding, remodeled commercial building on busy Edgewater Drive.
Property Size1,764 SF
Lot Size0.42 Acres
Days on Market136
Property Features for 5005 EDGEWATER Dr
General Information
Standard status
Pending
Size
1,764 SF
Lot size
0.42 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,418
Building Details
Building Size
1,764 SF
Year Built
1963
Listing Agency:
LOU HAUBNER REALTY, INC.
Listed By:
Lou Haubner, Jr. · License #123002
(407) 886-8010
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Sep 5 at 12:03PM
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 LOU HAUBNER REALTY, INC.
Investment Insights
Based on property information with market context.
This freestanding commercial building, completely remodeled, is situated on Edgewater Drive and visible from the intersection of Lee Road in Orlando. The property is zoned C-3, which allows for a variety of commercial and light industrial uses. The property spans 0.42 acres, featuring 175 feet of frontage on Edgewater Drive, which experiences a high traffic count of over 26,000 vehicles per day. The newly renovated 2,000 square foot concrete block building includes a large parking area. It is suitable for auto, truck, or other types of equipment sales and is also well-suited for any type of service industry. The location has a bike score of 56, indicating it is bikeable, and a walk score of 49, indicating car dependence.
Key Highlights
- High‑traffic location: Over 26,000 vehicles per day on Edgewater Dr.
- C‑3 zoning: Allows for a variety of commercial and light industrial uses.
- Completely remodeled 2,000 Sq.Ft. concrete block building.
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
$39,274
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
2.91%
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%
$785,480
$785.5K
Cap Rate 7%
$561,057
$561.1K
Cap Rate 9%
$436,378
$436.4K
Market Conditions
NOI Build-Up for 2,000 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
$58.1K $29.04/SF
− Vacancy
−$2.0K −$0.99/SF
EGI
$56.1K $28.05/SF
− OpEx
−$16.8K −$8.42/SF
NOI
$39.3K $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%
$785,480
Cap Rate 7%
$561,057
Cap Rate 9%
$436,378
Alternative Uses
Best Use
Retail
$561.1K
$490.9K – $654.6K
NOI $39,274 @ 7.0% cap · market cap 2.91%
Second Best
Industrial
$159.6K
$139.7K – $186.2K
NOI $11,173 @ 7.0% cap · market cap 0.83%
Theoretical Best
Office A
$644.3K
$563.7K – $751.7K
NOI $45,099 @ 7.0% cap · market cap 3.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,148
Businesses Nearby
25k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 5%
Shell
Shops & Services
6,596 visits/mo
0.1 miles
AutoZone
Shops & Services
6,231 visits/mo
0.5 miles
Advance Auto Parts
Shops & Services
4,276 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
2,911 visits/mo
0.3 miles
Circle K
Shops & Services
2,177 visits/mo
0.1 miles
Demographics for 32810, FL
35,925
Population
14,849
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
87%
High-School Grad
9.2 sq mi
ZIP Area
3,905
Density / Sq Mi
$58,462
Median Household Income
$37,983
Median Earnings
$1,545
Median Rent
$260,000
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.
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Frequently Asked Questions
What type of property is this?
Automotive property - Freestanding, remodeled commercial building on busy Edgewater Drive.
Where is this automotive property located?
The property is located at 5005 EDGEWATER Dr Orlando, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: High‑traffic location: Over 26,000 vehicles per day on Edgewater Dr.; C‑3 zoning: Allows for a variety of commercial and light industrial uses.; Completely remodeled 2,000 Sq.Ft. concrete block building.
