Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Restaurant Space in The Villages Title is generated by Realmo AI

    300 Colony Blvd, The Villages, FL 32162

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Second-generation restaurant space with drive-thru in The Villages.

    Type:Retail
    Property size:
    3,309 SF
    Added:
    Jun 26, 2024
    Days on Market:
    706
    Last Refresh:
    May 12 at 10:55 pm

    Property Features for 300 Colony Blvd

    General Information

    Standard status
    Active
    Size
    3,309 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Daniel Earles

    Listing agent Daniel Earles License #FL 3244407

    Listing office SRS Real Estate Partners

    Listing date Jun 26, 2024

    Source Crexi

    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 SRS Real Estate Partners

    HighLights

    • Rare opportunity: second‑generation restaurant space with drive‑thru.
    • Outparcel to Publix at Colony Plaza in The Villages.
    • Located in The Villages, the largest retirement community in the world with over 130,000 residents.
    • Currently an operating PDQ restaurant.
    • Average HH income in a 10‑minute drive‑time is above $100,000/year.

    Overview

    This property, available for lease or sale (improvements only, subject to an underlying ground lease), is an outparcel to Publix at Colony Plaza in The Villages. It presents a rare opportunity for a second-generation restaurant space equipped with a drive-thru. The Villages, recognized as the largest retirement community globally, boasts an average household income exceeding $100,000 per year within a 10-minute drive-time radius. The community comprises over 130,000 residents. The space is currently occupied by an operating PDQ restaurant and is suitable for drive-through restaurants, conventional restaurants, and other commercial real estate ventures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    The Villages
    County
    Sumter
    State
    Florida
    Longitude
    -81.9548819
    Latitude
    28.8651495

    Nearby Similar for Sale

    • $2,500,000
      5,950 SF

      The Villages Professional Office Building

      Professional office building in The Villages with recent updates.
      3400 SOUTHERN Trce, The Villages, FL 32162
      View Details
    • $6,000,000
      11,798 SF

      Medical Office Building in The Villages

      Fee Simple medical office building in The Villages for sale.
      910 OLD CAMP Rd 110, The Villages, FL 32162
      View Details
    • $5,300,000
      11,798 SF

      Medical Office Building in The Villages

      Fee Simple Title medical office building in The Villages for sale.
      110-910 Old Camp Rd, The Villages, FL
      View Details
    • $750,000
      1,850 SF

      The Villages Office Unit For Sale

      Office unit available in The Villages, Florida.
      910 OLD CAMP ROAD 154, THE VILLAGES, FL 32162
      View Details
    • $6,900,000
      40,000 SF

      Sports Complex Investment Opportunity

      40,000 SF sports complex near The Villages, Florida.
      11826 NE 62nd Terrace, The Villages, FL
      View Details
    • $3,053,464
      6,453 SF

      Medical Office in The Villages

      Single-tenant medical office building in a prominent retirement community.
      1050 Old Camp Rd, The Villages, FL 32162
      View Details
    • $6,600,000
      13,272 SF

      Multi-Tenant Retail Center in Villages

      Fully occupied retail center in The Villages, Florida.
      8590 E C- 466, The Villages, FL 32162, The Villages, FL 32159
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Second-generation restaurant space with drive-thru in The Villages.
    Where is this drive through restaurant located?
    The property is located at 300 Colony Blvd The Villages, FL.
    What are key features of this property?
    This property features: Rare opportunity: second‑generation restaurant space with drive‑thru.; Outparcel to Publix at Colony Plaza in The Villages.; Located in The Villages, the largest retirement community in the world with over 130,000 residents.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Daniel Earles
    Real Estate License ID: FL 3244407
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    300 Colony Blvd, The Villages, FL 32162
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!