Landstar Business Center Retail
For Sale
$878,000
13466 Landstar Blvd Units 102 & 103, Orlando, FL 32824
Retail condo in Landstar Business Center with established tenant.
Property Size3,304 SF
Price / SF$266.06
Days on Market238
Property Features for 13466 Landstar Blvd Units 102 & 103
General Information
Standard status
Active
Size
3,304 SF
Property subtype
Retail
Building Details
Building Size
3,304 SF
Year Built
2010
Listed By:
Paul P. Partyka, CCIM, MiCP, CIPS
(407) 341-0805
Source:
Realvest
Added: Feb 26
Changed: Oct 2
Last Checked: Oct 20 at 7:04PM
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 Paul P. Partyka, CCIM, MiCP, CIPS
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Investment Insights
Based on property information with market context.
This 3,300± square foot business condo is located in the Landstar Business Center. The current tenant is Nella's Bakery, Restaurant & Market, operating with a 5.8% cap rate and over 6 years remaining on the lease and options. Ample parking is available. The building was fully renovated within the last 2 years. The unit is adjacent to Mavis Tires. Dunkin Donuts, Extra Space Storage, and Kids R Kids are also located in the same center. The property is near Florida's Turnpike and SR 417 (GreeneWay), benefiting from great exposure with an average annual daily traffic count of 27,500. Monument signage is available. The property is surrounded by dense residential development. Seller financing is available for a qualified buyer.
Key Highlights
- 5. 8% cap rate with 6+ years left on lease & options
- Located in the Landstar Business Center with high‑traffic exposure (27,500 AADT) and monument signage
- Current tenant is Nella's Bakery, Restaurant & Market
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,802
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,296,040
$1.3M
Cap Rate 7%
$925,743
$925.7K
Cap Rate 9%
$720,022
$720.0K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$95.8K $29.04/SF
− Vacancy
−$3.3K −$0.99/SF
EGI
$92.6K $28.05/SF
− OpEx
−$27.8K −$8.42/SF
NOI
$64.8K $19.64/SF
Area
ZIP 32824
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 Rate 5%
$1,296,040
Cap Rate 7%
$925,743
Cap Rate 9%
$720,022
Alternative Uses
Best Use
Retail
$925.7K
$810.0K – $1.08M
NOI $64,802 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$903.9K – $1.21M
NOI $72,310 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
209k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 30%
Groceries 23%
Electronics 1%
Walmart Neighborhood Market
Groceries
48,439 visits/mo
0.3 miles
McDonald's
Dining
29,288 visits/mo
0.1 miles
RaceTrac
Shops & Services
23,488 visits/mo
0.4 miles
Wendy's
Dining
17,245 visits/mo
0.5 miles
7-Eleven
Shops & Services
16,479 visits/mo
0.4 miles
Demographics for 32824, FL
57,412
Population
20,453
Households
2.8
Avg Household Size
36
Median Age
34%
College-Educated
90%
High-School Grad
33.5 sq mi
ZIP Area
1,714
Density / Sq Mi
$80,177
Median Household Income
$35,897
Median Earnings
$1,759
Median Rent
$354,200
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
Frequently Asked Questions
What type of property is this?
Retail space - Retail condo in Landstar Business Center with established tenant.
Where is this retail space located?
The property is located at 13466 Landstar Blvd Units 102 & 103 Orlando, FL.
What is the asking price?
The asking price for this property is $878,000.
What are key features of this property?
This property features: 5. 8% cap rate with 6+ years left on lease & options; Located in the Landstar Business Center with high‑traffic exposure (27,500 AADT) and monument signage; Current tenant is Nella's Bakery, Restaurant & Market
