Storefront Unit with
For Sale
$1,250,000
3-8803 Futures Dr, Orlando, FL 32819
A built-out commercial unit with a second-floor mezzanine and open parking.
Property Size2,062 SF
Price / SF$606.21
Days on Market911
Property Features for 3-8803 Futures Dr
General Information
Standard status
Active
Size
2,062 SF
Taxes and HOA fees
Annual Taxes
$7,637
Building Details
Construction
tilt-up concrete
Listing Agency:
SOLARE REALTY LLC
(407) 460-1994
Listed By:
Nivea Coutinho · License #3118815
(407) 948-4481
Source:
Exprealty
Added: May 8, 2024
Changed: Nov 1
Last Checked: Nov 3 at 6:58AM
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 SOLARE REALTY LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,062-square-foot storefront unit has tilt-up concrete walls and a completed interior build-out. A 500-square-foot mezzanine on the second floor is included in the stated area, and open parking is available.
The property is at Futures Drive in Orlando, with access to John Young Parkway, Sand Lake Road, SR 528, and I-4. Universal Studios, International Drive, the Mall at Millenia, Florida Mall, and the Convention Center are among the destinations noted nearby.
The property is at Futures Drive in Orlando, with access to John Young Parkway, Sand Lake Road, SR 528, and I-4. Universal Studios, International Drive, the Mall at Millenia, Florida Mall, and the Convention Center are among the destinations noted nearby.
Key Highlights
- 2,062 square feet, including a 500‑square‑foot second‑floor mezzanine
- Tilt‑up concrete wall construction
- Built‑out interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,491
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,820
$809.8K
Cap Rate 7%
$578,443
$578.4K
Cap Rate 9%
$449,900
$449.9K
Market Conditions
NOI Build-Up for 2,062 SF
Gross rent
$59.9K $29.04/SF
− Vacancy
−$2.0K −$0.99/SF
EGI
$57.8K $28.05/SF
− OpEx
−$17.4K −$8.42/SF
NOI
$40.5K $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 Rate 5%
$809,820
Cap Rate 7%
$578,443
Cap Rate 9%
$449,900
Alternative Uses
Best Use
Retail
$578.4K
$506.1K – $674.9K
NOI $40,491 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$664.2K
$581.2K – $775.0K
NOI $46,497 @ 7.0% cap · market cap 3.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
65k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 34%
Hotels & Casinos 9%
Beauty & Spa 1%
RaceTrac
Shops & Services
24,108 visits/mo
0.1 miles
Starbucks
Dining
16,160 visits/mo
0.1 miles
7-Eleven
Shops & Services
11,857 visits/mo
0.3 miles
Burger King
Dining
6,279 visits/mo
0.4 miles
Home2 Suites by Hilton Orlando South Park
Hotels & Casinos
3,399 visits/mo
0.1 miles
Demographics for 32819, FL
30,857
Population
14,689
Households
2.1
Avg Household Size
40
Median Age
51%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,491
Density / Sq Mi
$94,386
Median Household Income
$47,166
Median Earnings
$1,947
Median Rent
$454,000
Median Home Value
Market
Vacancy Rate% for Retail in Orlando, FL
Similar Off Market Nearby
- THE FLORAL WAY — 7362 Futures Dr Suite 15, Orlando, FL 32819
- Petals by Design — 8600 Commodity Cir, Orlando, FL 32819
- Runway Botanical — 8600 commodity cir unit #150, orlando, fl 32819
Frequently Asked Questions
What type of property is this?
Storefront property - A built-out commercial unit with a second-floor mezzanine and open parking.
Where is this storefront property located?
The property is located at 3-8803 Futures Dr Orlando, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2,062 square feet, including a 500‑square‑foot second‑floor mezzanine; Tilt‑up concrete wall construction; Built‑out interior
