Multi-Tenant Retail Center with
For Sale
Contact for pricing
2708 South Chickasaw Trail, Orlando, FL 32829
Multi-tenant retail center at a signalized intersection, plus adjacent planned development land for expansion options.
Property Size13,776 SF
Lot Size6.28 Acres
Price / SF$341.54
Days on Market58
Property Features for 2708 South Chickasaw Trail
General Information
Standard status
Active
Size
13,776 SF
Lot size
6.28 Acres
Property subtype
Retail, Land
Zoning
P-D
Occupancy
82%
Lease Type
NNN
Net Operating Income
$204,642
Additional Details
Traffic Count
42,700 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Orlando
(407) 557-3834
Listed By:
Tarek Chbeir · License #SL3449535
Source:
Crexi
Added: Jun 16
Changed: Aug 8
Last Checked: Aug 11 at 12:49PM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
The offering includes a multi-tenant retail center totaling 13,776 square feet on approximately 2.05 acres, along with an adjacent 4.23-acre parcel zoned P-D (Planned Development). The combined site area is approximately 6.28 acres. The retail center is currently 81.74% occupied, with remaining vacant suites offering in-place leasing opportunities within the existing building footprint.
The property is located at 2708 S Chickasaw Trail in East Orlando, directly positioned at the signalized intersection of South Chickasaw Trail and Curry Ford Road. CoStar estimates approximately 42,700 vehicles per day through the intersection, supporting visibility and convenient access for nearby residents and commuters.
For tenants and operators, the center’s existing retail configuration and active occupancy provide an established setting for compatible retail uses. For investors, the adjacent planned development parcel adds flexibility for future development, expansion, or long-term site planning. Current net rents average approximately $14.85 per square foot, which is below overall market rents of $31.22 per square foot per CoStar. Several tenants include 3% to 4% annual rent increases, and the surrounding retail submarket is reported with a 2.3% vacancy rate per CoStar.
The property is located at 2708 S Chickasaw Trail in East Orlando, directly positioned at the signalized intersection of South Chickasaw Trail and Curry Ford Road. CoStar estimates approximately 42,700 vehicles per day through the intersection, supporting visibility and convenient access for nearby residents and commuters.
For tenants and operators, the center’s existing retail configuration and active occupancy provide an established setting for compatible retail uses. For investors, the adjacent planned development parcel adds flexibility for future development, expansion, or long-term site planning. Current net rents average approximately $14.85 per square foot, which is below overall market rents of $31.22 per square foot per CoStar. Several tenants include 3% to 4% annual rent increases, and the surrounding retail submarket is reported with a 2.3% vacancy rate per CoStar.
Key Highlights
- Multi‑tenant retail center at the signalized intersection of S Chickasaw Trail and Curry Ford Road (2708 S Chickasaw Trail, East Orlando).
- 13,776 SF retail center on approx. 2.05 acres with a combined site area of approx. 6.28 acres, plus an adjacent 4.23‑acre parcel zoned P‑D (planned development).
- Currently 81.74% occupied with vacant suites offering lease‑up potential.
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
$270,517
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
5.75%
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%
$5,410,340
$5.4M
Cap Rate 7%
$3,864,529
$3.9M
Cap Rate 9%
$3,005,744
$3.0M
Market Conditions
NOI Build-Up for 13,776 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
$400.1K $29.04/SF
− Vacancy
−$13.6K −$0.99/SF
EGI
$386.5K $28.05/SF
− OpEx
−$115.9K −$8.42/SF
NOI
$270.5K $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 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%
$5,410,340
Cap Rate 7%
$3,864,529
Cap Rate 9%
$3,005,744
Alternative Uses
Best Use
Retail
$3.86M
$3.38M – $4.51M
NOI $270,517 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.44M
$3.88M – $5.18M
NOI $310,641 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
42,700 VPD
Traffic count
81.7%
Occupancy
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
76k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 40%
Dining 8%
Electronics 3%
Presidente Supermarkets
Groceries
30,693 visits/mo
0.1 miles
Dollar Tree
Shops & Services
15,696 visits/mo
0.1 miles
BP
Shops & Services
11,941 visits/mo
0.1 miles
Circle K
Shops & Services
5,269 visits/mo
0.1 miles
Dunkin' Donuts
Dining
4,344 visits/mo
0.1 miles
Demographics for 32829, FL
20,629
Population
7,432
Households
2.8
Avg Household Size
36
Median Age
39%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
1,063
Density / Sq Mi
$94,138
Median Household Income
$46,530
Median Earnings
$1,858
Median Rent
$348,800
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?
Shopping center - Multi-tenant retail center at a signalized intersection, plus adjacent planned development land for expansion options.
Where is this shopping center located?
The property is located at 2708 South Chickasaw Trail Orlando, FL.
What is the asking price?
The asking price for this property is $4,705,000.
What are key features of this property?
This property features: Multi‑tenant retail center at the signalized intersection of S Chickasaw Trail and Curry Ford Road (2708 S Chickasaw Trail, East Orlando).; 13,776 SF retail center on approx. 2.05 acres with a combined site area of approx. 6.28 acres, plus an adjacent 4.23‑acre parcel zoned P‑D (planned development).; Currently 81.74% occupied with vacant suites offering lease‑up potential.
