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 Size3,300 SF
Price / SF$266.06
Days on Market157
Property Features for 13466 Landstar Blvd Units 102 & 103
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Retail
Building Details
Year Built
2010
Listing Agency:
(407) 341-0805
Listed By:
Paul P. Partyka, CCIM, MiCP, CIPS
(407) 341-0805
Source:
Naiglobal
Added: Feb 26
Changed: Jul 10
Last Checked: Aug 2 at 5:57AM
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
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.8k | $29.04 |
| − Vacancy | −$3.3k | −$0.99 |
| EGI | $92.6k | $28.05 |
| − OpEx | −$23.1k | −$7.01 |
| NOI | $69.4k | $21.04 |
3,300 SF · lease $29.04/SF/yr · vacancy 3.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$991.9K
$867.9K – $1.16M
NOI $69,430 @ 7.0% cap · market cap 7.91%
Second Best
Retail
$925.7K
$810.0K – $1.08M
NOI $64,802 @ 7.0% cap · market cap 7.38%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Orlando, FL
Questions? Ask Rey
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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
