Freestanding Storefront with
For Sale
Contact for pricing
5511 W Colonial Dr, Orlando, FL 32808
C1-zoned building with an open layout, private offices, restrooms, and a rear grass area.
Property Size1,885 SF
Price / SF$371.35
Days on Market907
Property Features for 5511 W Colonial Dr
General Information
Standard status
Active
Size
1,885 SF
Class
C
Property subtype
Retail
Zoning
C1
Investment Type
Owner/User
Additional Details
Asking Price
$700,000
Building Details
Year Built
1955
Buildings
1
Stories
1
Units
1
Listing Agency:
US RealtyHUB, LLC
Listed By:
Roy Maynard · License #SL3393674
Source:
Crexi
Added: Mar 6, 2024
Changed: Aug 30
Last Checked: Aug 30 at 9:27AM
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 US RealtyHUB, LLC
Investment Insights
Based on property information with market context.
This freestanding 1885 SF storefront property includes a lobby, open floor plan, two offices, and two restrooms. A fenced private parking lot serves the building, while more than 1,000sf of grass area is positioned at the rear. Constructed in 1955, the property offers a compact commercial layout with several distinct interior areas.
The building is located at 5511 W Colonial Dr in Orlando, one block east of Colonial (SR 50) and Kirkman Road. C1 zoning supports the stated potential for medical or general office use, an event hall, daycare, private school, salon or salon suites, call center, catering, health services, dance studio, martial arts, medical cannabis dispensary, and ghost kitchen delivery or pickup.
The building is located at 5511 W Colonial Dr in Orlando, one block east of Colonial (SR 50) and Kirkman Road. C1 zoning supports the stated potential for medical or general office use, an event hall, daycare, private school, salon or salon suites, call center, catering, health services, dance studio, martial arts, medical cannabis dispensary, and ghost kitchen delivery or pickup.
Key Highlights
- Freestanding 1885 SF storefront property
- Fenced private parking lot
- More than 1,000sf of private grass area at the rear
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
$37,015
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
5.29%
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%
$740,300
$740.3K
Cap Rate 7%
$528,786
$528.8K
Cap Rate 9%
$411,278
$411.3K
Market Conditions
NOI Build-Up for 1,885 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
$54.7K $29.04/SF
− Vacancy
−$1.9K −$0.99/SF
EGI
$52.9K $28.05/SF
− OpEx
−$15.9K −$8.42/SF
NOI
$37.0K $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%
$740,300
Cap Rate 7%
$528,786
Cap Rate 9%
$411,278
Alternative Uses
Best Use
Retail
$528.8K
$462.7K – $616.9K
NOI $37,015 @ 7.0% cap · market cap 5.29%
Second Best
Office B
$502.9K
$440.0K – $586.7K
NOI $35,202 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$607.2K
$531.3K – $708.4K
NOI $42,506 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,133
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32808, FL
52,551
Population
21,291
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
78%
High-School Grad
11.9 sq mi
ZIP Area
4,416
Density / Sq Mi
$47,575
Median Household Income
$31,180
Median Earnings
$1,375
Median Rent
$218,600
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - C1-zoned building with an open layout, private offices, restrooms, and a rear grass area.
Where is this storefront property located?
The property is located at 5511 W Colonial Dr Orlando, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Freestanding 1885 SF storefront property; Fenced private parking lot; More than 1,000sf of private grass area at the rear
