Mixed-Use Property in Colonialtown/Milk
For Sale
$750,000
Pending
2311 MOUNT VERNON STREET, Orlando, FL 32803
Mixed-use property in a desirable location with ample parking.
Property Size3,555 SF
Lot Size0.24 Acres
Days on Market755
Property Features for 2311 MOUNT VERNON STREET
General Information
Standard status
Pending
Size
3,555 SF
Lot size
0.24 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1952
Listing Agency:
RE/MAX 200 REALTY
(407) 234-6331
Listed By:
Tess Muccigrosso · License #3356845
(407) 234-6331
Source:
Exitrealty
Added: Jul 9, 2024
Changed: Jul 6
Last Checked: Aug 2 at 6:24AM
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 RE/MAX 200 REALTY
Investment Insights
Based on property information with market context.
This mixed-use property, suitable for store, office, and residential purposes, is located in the Colonialtown/Milk District corridor, just off Bumby Avenue, south of E. Colonial Drive. The property offers multiple entrances and ample parking. The brick exterior contributes to the property's character. The property is suitable for a multi-user office setup, such as legal, title, real estate, insurance, mortgage, call center, training, tutoring, day care, elder care, pet care, lessons/private instruction, counseling center, antique mall, or art studio. The roof and all HVAC systems were replaced between 2015 and 2016. The property size is 3,555 square feet.
Key Highlights
- Mixed‑use property suitable for store, office, or residential use
- Located in the desirable Colonialtown/Milk District corridor
- Ample parking and multiple entrances
Financial Insights For Office B
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 | $106.7k | $30.00 |
| − Vacancy | −$18.1k | −$5.10 |
| EGI | $88.5k | $24.90 |
| − OpEx | −$22.1k | −$6.23 |
| NOI | $66.4k | $18.67 |
3,555 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$997.3K
$872.6K – $1.16M
NOI $69,809 @ 7.0% cap · market cap 9.31%
Second Best
Office B
$948.4K
$829.9K – $1.11M
NOI $66,390 @ 7.0% cap · market cap 8.85%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,163 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,043
Businesses Nearby
Explore this area
Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
Median Home Value
Market
Properties on Market for Mixed-use properties in Orlando
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in a desirable location with ample parking.
Where is this mixed-use property located?
The property is located at 2311 MOUNT VERNON STREET Orlando, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Mixed‑use property suitable for store, office, or residential use; Located in the desirable Colonialtown/Milk District corridor; Ample parking and multiple entrances
