Reinforced Concrete
For Sale
$2,500,000
15-5068 W Colonial Dr, Orlando, FL 32801
Flexible commercial building along W Colonial Drive with access to retail, office, medical, dining, and other supported uses.
Property Size10,555 SF
Price / SF$236.85
Days on Market83
Property Features for 15-5068 W Colonial Dr
General Information
Standard status
Active
Size
10,555 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$22,141
Building Details
Buildings
1
Construction
reinforced concrete
Listing Agency:
AAA GLOBAL VENTURES PA
(321) 313-8086
Listed By:
Qinghe Meng · License #3512866
(321) 313-8086
Source:
Exprealty
Added: Jun 9
Changed: Aug 30
Last Checked: Aug 30 at 10:21AM
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 AAA GLOBAL VENTURES PA
Investment Insights
Based on property information with market context.
This 10,555-square-foot storefront property is constructed with reinforced concrete, including the roof structure. The building’s adaptable layout supports a range of documented uses, including restaurant, retail, medical, educational, fitness, entertainment, cultural, professional office, showroom, and corporate headquarters operations.
The property is located in Orlando’s Chinatown on W Colonial Drive, identified as SR 50, and sits adjacent to Enson Market. Access to I-4 and SR 408 connects the site with Downtown Orlando and the broader Orlando market. The surrounding business district includes retail, dining, professional, and community-oriented businesses.
The property is located in Orlando’s Chinatown on W Colonial Drive, identified as SR 50, and sits adjacent to Enson Market. Access to I-4 and SR 408 connects the site with Downtown Orlando and the broader Orlando market. The surrounding business district includes retail, dining, professional, and community-oriented businesses.
Key Highlights
- 10,555 SF reinforced concrete storefront building
- Reinforced concrete extends through the roof structure
- Positioned on W Colonial Drive, also designated SR 50
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
$207,267
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
8.29%
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%
$4,145,340
$4.1M
Cap Rate 7%
$2,960,957
$3.0M
Cap Rate 9%
$2,302,967
$2.3M
Market Conditions
NOI Build-Up for 10,555 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
$306.5K $29.04/SF
− Vacancy
−$10.4K −$0.99/SF
EGI
$296.1K $28.05/SF
− OpEx
−$88.8K −$8.42/SF
NOI
$207.3K $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%
$4,145,340
Cap Rate 7%
$2,960,957
Cap Rate 9%
$2,302,967
Alternative Uses
Best Use
Retail
$2.96M
$2.59M – $3.45M
NOI $207,267 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,009 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,829
Businesses Nearby
78k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Hotels & Casinos 43%
Dining 2%
7-Eleven
Shops & Services
26,603 visits/mo
0.2 miles
7-Eleven
Shops & Services
13,510 visits/mo
0.5 miles
DoubleTree by Hilton Orlando Downtown
Hotels & Casinos
11,349 visits/mo
0.4 miles
Crowne Plaza Orlando-Downtown
Hotels & Casinos
9,148 visits/mo
0.2 miles
Courtyard by Marriott Orlando Downtown
Hotels & Casinos
6,929 visits/mo
0.2 miles
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
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?
Storefront property - Flexible commercial building along W Colonial Drive with access to retail, office, medical, dining, and other supported uses.
Where is this storefront property located?
The property is located at 15-5068 W Colonial Dr Orlando, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10,555 SF reinforced concrete storefront building; Reinforced concrete extends through the roof structure; Positioned on W Colonial Drive, also designated SR 50
