Mixed-Use Retail
For Sale
$759,900
629 N Semoran Boulevard, Orlando, FL 32807
Four-unit mixed-use property with three currently rented units and one available for immediate rental.
Property Size2,710 SF
Price / SF$280.41
Days on Market158
Property Features for 629 N Semoran Boulevard
General Information
Standard status
Active
Size
2,710 SF
Occupancy
75%
Building Details
Year Built
1958
Listing Agency:
ZEA REALTY & ASSOCIATES
Listed By:
Consuelo Zea · License #665268
(407) 931-6511
Source:
Livewelltampabay
Added: Apr 11
Changed: Sep 10
Last Checked: Sep 14 at 5:20PM
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 ZEA REALTY & ASSOCIATES
Investment Insights
Based on property information with market context.
This for-sale mixed-use retail property consists of four units. Three units are currently rented, and one additional unit is available and described as ready to be viewed for immediate rental.
The property is located at 629 N Semoran Boulevard in Orlando, in a high-traffic commercial area. It is positioned close to Orlando International Airport, a VA Hospital, and busy roads.
For prospective tenants or investors, the existing rented units and the available fourth unit provide a straightforward mixed-use setup for occupancy or leasing momentum.
The property is located at 629 N Semoran Boulevard in Orlando, in a high-traffic commercial area. It is positioned close to Orlando International Airport, a VA Hospital, and busy roads.
For prospective tenants or investors, the existing rented units and the available fourth unit provide a straightforward mixed-use setup for occupancy or leasing momentum.
Key Highlights
- Four‑unit mixed‑use commercial property with 3 units currently rented and 1 unit available to view and rent immediately
- Located on Semoran Blvd in a high‑traffic commercial area
- Close to Orlando International Airport, VA Hospital, and busy roads
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
$53,216
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
7.00%
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%
$1,064,320
$1.1M
Cap Rate 7%
$760,229
$760.2K
Cap Rate 9%
$591,289
$591.3K
Market Conditions
NOI Build-Up for 2,710 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
$78.7K $29.04/SF
− Vacancy
−$2.7K −$0.99/SF
EGI
$76.0K $28.05/SF
− OpEx
−$22.8K −$8.42/SF
NOI
$53.2K $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%
$1,064,320
Cap Rate 7%
$760,229
Cap Rate 9%
$591,289
Alternative Uses
Best Use
Retail
$760.2K
$665.2K – $886.9K
NOI $53,216 @ 7.0% cap · market cap 7.00%
Second Best
Mixed Use
$511.0K
$447.2K – $596.2K
NOI $35,772 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$873.0K
$763.9K – $1.02M
NOI $61,109 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
94k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 53%
Groceries 26%
Shops & Services 18%
Electronics 2%
The Home Depot
Home Improvements & Furnishings
49,139 visits/mo
0.5 miles
Bravo Supermarkets
Groceries
23,923 visits/mo
0.5 miles
Dollar Tree
Shops & Services
11,889 visits/mo
0.5 miles
Discount Tire Store
Shops & Services
2,648 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
1,905 visits/mo
0.4 miles
Demographics for 32807, FL
34,384
Population
13,906
Households
2.5
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
8.4 sq mi
ZIP Area
4,093
Density / Sq Mi
$59,583
Median Household Income
$32,667
Median Earnings
$1,471
Median Rent
$247,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Orlando, FL
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-unit mixed-use property with three currently rented units and one available for immediate rental.
Where is this mixed-use property located?
The property is located at 629 N Semoran Boulevard Orlando, FL.
What is the asking price?
The asking price for this property is $759,900.
What are key features of this property?
This property features: Four‑unit mixed‑use commercial property with 3 units currently rented and 1 unit available to view and rent immediately; Located on Semoran Blvd in a high‑traffic commercial area; Close to Orlando International Airport, VA Hospital, and busy roads
