Former Convenience Store Gas Station
18539 E Colonial Dr Orlando, FL 32820
For Sale
Contact for pricing
Former convenience store site with a large paved pump-area and frontage on Colonial Drive.
Property Size2,640 SF
Lot Size0.66 Acres
Price / SF$189.39
Days on Market164
Property Features for 18539 E Colonial Dr
General Information
- Standard status
- Active
- Size
- 2,640 SF
- Lot size
- 0.66 Acres
- Property subtype
- Industrial, Mixed Use, Retail
Listing Agency:
Cushman & Wakefield - Orlando, Florida
Listed By:
Easton Ricks · License #SL3637989
Source:
Crexi
Added: Feb 9
Changed: Jul 22
Last Checked: Jul 22 at 10:20AM
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 Cushman & Wakefield - Orlando, Florida
Investment Insights
Based on property information with market context.
This property is the former convenience store and gas station site, with a large paved area where pumps were previously situated. The available parcel includes frontage on Colonial Drive and the open paved footprint that previously supported refueling operations.
The site faces Colonial Drive, a major thoroughfare within the Orlando metropolitan area, with stated frontage traffic of 29,642 cars daily. Full access is provided at a signalized intersection.
The listing includes a 0.66-acre lot and is offered for sale.
The site faces Colonial Drive, a major thoroughfare within the Orlando metropolitan area, with stated frontage traffic of 29,642 cars daily. Full access is provided at a signalized intersection.
The listing includes a 0.66-acre lot and is offered for sale.
Key Highlights
- 0.66‑acre former convenience store site facing Colonial Drive
- Large paved area where pumps used to be located
- Frontage on Colonial Drive with 29,642 cars daily
Financial Insights For Industrial
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 | $23.1k | $8.76 |
| − Vacancy | −$2.1k | −$0.78 |
| EGI | $21.1k | $7.98 |
| − OpEx | −$6.3k | −$2.39 |
| NOI | $14.7k | $5.59 |
2,640 SF · lease $8.76/SF/yr · vacancy 8.90% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$793.5K
$694.3K – $925.7K
NOI $55,544 @ 7.0% cap · market cap 11.11%
Second Best
Retail
$740.6K
$648.0K – $864.0K
NOI $51,841 @ 7.0% cap · market cap 10.37%
Theoretical Best
Office A
$850.4K
$744.1K – $992.2K
NOI $59,531 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gas stations
FAQs
What type of property is this?
Gas station - Former convenience store site with a large paved pump-area and frontage on Colonial Drive.
Where is this gas station located?
The property is located at 18539 E Colonial Dr Orlando, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 0.66‑acre former convenience store site facing Colonial Drive; Large paved area where pumps used to be located; Frontage on Colonial Drive with 29,642 cars daily
