Property profile

827 W Lancaster Rd Orlando, FL 32809

FOR SALE
Grocery and convenience stores
Property ID
US18-4468819
3,264 SF 0.78 ac lot Built 1967
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,984 square foot multi-tenant retail property, located at 827 W Lancaster Rd, Orlando, FL 32809, presents a compelling investment opportunity. Situated on a 0.81-acre lot in a high-traffic area near the international airport, this property benefits from approximately 7,000 cars passing daily. The property includes a convenience store, gas station with four pumps and double fiberglass tanks, a nail salon/barber shop, and a breakfast bar/nightclub. Currently operating at 100% occupancy with three active leases, the property boasts a strong Net Operating Income (NOI) of $129,230 and a 4.04% cap rate. The asking price is $3,200,000 ($534.76/sq ft). Built in 1976 and renovated in 1999, the property is zoned C3. Lease terms are currently in place until December 30, 2024, with lease renewal options available. This prime location benefits from its proximity to both industrial and residential areas, ensuring a consistent customer base. The property's diverse tenant mix and high visibility make it an ideal investment for those seeking a stable, high-return asset with significant upside potential. The property offers the potential to renew existing leases, negotiate higher rents, or even launch a new venture. This is a rare opportunity to acquire a well-established, multi-tenant retail property in a prime Orlando location.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1967
Total area 3,264 SF
Lot 0.78 ac (34,086 SF)
Zoning code C-3
APN 23-23-29-0000-00-151
UPID US18-4468819

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Hair Salon Nail Salon
  • Gas Station
  • Church
  • Food Bank Charitable Organization

Location

827 W Lancaster Rd Orlando, FL 32809
Orlando metro Census 14302 ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2018
6 recorded transactions
2025
Price N/A
2020
Price N/A
2018
$358,800
2008
Price N/A
1999
$28,500
1969
Price N/A

Zoning & alternative use

C-3 · Orlando, FL
Top alternative use upside
Commercial (general) $690,000 +213.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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