107-Room Motel with
New
For Sale
$8,500,000
2014 W COLONIAL DR, Orlando, FL 32804
A two-story lodging property includes an adjoining restaurant, manager quarters, a pool, and a conference room.
Property Size62,369 SF
Lot Size2.00 Acres
Price / SF$136.29
Days on Market3
Property Features for 2014 W COLONIAL DR
General Information
Standard status
Active
Size
62,369 SF
Total Parking Spaces
138
Lot size
2.00 Acres
Property subtype
Hotel/Motel
Taxes and HOA fees
Annual Taxes
$75,120
Amenities
pool
bar
conference room
Building Details
Building Size
62,369 SF
Year Built
1967
Stories
2
Construction
concrete
Listing Agency:
LJL REAL ESTATE, INC.
Listed By:
Erik Lynch · License #3460839
(407) 694-0536
Source:
Novaorlando
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 9 at 11:07PM
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 LJL REAL ESTATE, INC.
Investment Insights
Based on property information with market context.
This 107-room motel occupies a two-story, 54,106-square-foot concrete building with exterior corridors and a manager’s living quarters. The property also includes a 6,227-square-foot adjoining restaurant and a one-story office totaling 2,036 square feet. A bar and conference room are located within the restaurant, and a pool is on the grounds. The motel’s common areas and guest bathrooms have been renovated, including new furniture and carpet in common areas, bathroom flooring, vanities and tubs, and repainted walls.
The property is at 2014 W Colonial Drive in downtown Orlando, on approximately 2 acres. It was built in 1967 and has 138 parking spaces. The surrounding demand sources described include downtown commercial activity, corporate and local businesses, area theme park visitors, and Camping World Stadium event attendees.
The property is at 2014 W Colonial Drive in downtown Orlando, on approximately 2 acres. It was built in 1967 and has 138 parking spaces. The surrounding demand sources described include downtown commercial activity, corporate and local businesses, area theme park visitors, and Camping World Stadium event attendees.
Key Highlights
- 107 guest rooms and manager living quarters
- 54,106‑square‑foot, two‑story concrete motel building with exterior corridors
- Adjoining 6,227‑square‑foot restaurant with bar and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$293,290
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,865,800
$5.9M
Cap Rate 7%
$4,189,857
$4.2M
Cap Rate 9%
$3,258,778
$3.3M
Market Conditions
NOI Build-Up for 62,369 SF
Gross rent
$1.12M $18.00/SF
− Vacancy
−$505.2K −$8.10/SF
EGI
$617.5K $9.90/SF
− OpEx
−$324.2K −$5.20/SF
NOI
$293.3K $4.70/SF
Area
Orlando, FL
Vacancy
45.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,865,800
Cap Rate 7%
$4,189,857
Cap Rate 9%
$3,258,778
Alternative Uses
Best Use
Specialty Retail
$18.75M
$16.40M – $21.87M
NOI $1,312,211 @ 7.0% cap · market cap 15.44%
Second Best
Hotel Hospitality
$4.19M
$3.67M – $4.89M
NOI $293,290 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$20.09M
$17.58M – $23.44M
NOI $1,406,386 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
32k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 31%
Electronics 9%
Hotels & Casinos 8%
Checkers
Dining
8,747 visits/mo
0.4 miles
Amscot
Shops & Services
4,923 visits/mo
0.5 miles
Family Dollar
Shops & Services
4,715 visits/mo
0.4 miles
BP
Shops & Services
3,233 visits/mo
0.5 miles
Metro by T-Mobile
Electronics
2,934 visits/mo
0.4 miles
Demographics for 32804, FL
19,084
Population
10,127
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
2,651
Density / Sq Mi
$113,466
Median Household Income
$61,227
Median Earnings
$1,717
Median Rent
$498,700
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
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Frequently Asked Questions
What type of property is this?
Motel - A two-story lodging property includes an adjoining restaurant, manager quarters, a pool, and a conference room.
Where is this motel located?
The property is located at 2014 W COLONIAL DR Orlando, FL.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 107 guest rooms and manager living quarters; 54,106‑square‑foot, two‑story concrete motel building with exterior corridors; Adjoining 6,227‑square‑foot restaurant with bar and conference room
