Mixed-Use Investment Near Downtown
For Sale
$700,000
300 N WESTMORELAND DRIVE, Orlando, FL 32805
Mixed-use property with commercial units and residential duplex.
Property Size2,653 SF
Lot Size0.17 Acres
Price / SF$263.85
Days on Market298
Property Features for 300 N WESTMORELAND DRIVE
General Information
Standard status
Active
Size
2,653 SF
Lot size
0.17 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,979
Amenities
Central air
Pool
Public Pool
Ceramic Tile Flooring
Ductless Heating
Wall/Window Unit(s) Cooling
Building Details
Year Built
1947
Listing Agency:
KELLER WILLIAMS LEGACY REALTY
(407) 855-2222
Listed By:
DIEDRA COBARIS · License #3160006
Source:
Corcoran
Added: Oct 21, 2025
Changed: Aug 14
Last Checked: Aug 14 at 6:01AM
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 KELLER WILLIAMS LEGACY REALTY
Investment Insights
Based on property information with market context.
This mixed-use property presents an investment opportunity, located minutes from Downtown Orlando. The property includes three commercial storefront units and a half duplex, generating rental income. One of the commercial spaces is a fully built-out hair salon, ready for immediate use. The two additional units are available for lease and suitable for retail, office, or service businesses. The half duplex contains two tenant-occupied units: a one-bedroom, one-bathroom unit and a two-bedroom, one-bathroom unit. The property is in a high-traffic location near major roads, shopping, and transit. Zoned for mixed commercial and residential use, it is suited for investors or owner-users seeking multiple income streams. The property size is 2653 square feet.
Key Highlights
- Mixed‑use property with commercial and residential units provides multiple income streams.
- Prime, high‑traffic location minutes from Downtown Orlando.
- Includes a fully built‑out hair salon ready for immediate use.
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
$52,097
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
7.44%
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%
$1,041,940
$1.0M
Cap Rate 7%
$744,243
$744.2K
Cap Rate 9%
$578,856
$578.9K
Market Conditions
NOI Build-Up for 2,653 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
$77.0K $29.04/SF
− Vacancy
−$2.6K −$0.99/SF
EGI
$74.4K $28.05/SF
− OpEx
−$22.3K −$8.42/SF
NOI
$52.1K $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%
$1,041,940
Cap Rate 7%
$744,243
Cap Rate 9%
$578,856
Alternative Uses
Best Use
Retail
$744.2K
$651.2K – $868.3K
NOI $52,097 @ 7.0% cap · market cap 7.44%
Second Best
Mixed Use
$500.3K
$437.8K – $583.7K
NOI $35,020 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$854.6K
$747.8K – $997.1K
NOI $59,824 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,422
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wawa
Shops & Services
52,266 visits/mo
0.2 miles
7-Eleven
Shops & Services
13,510 visits/mo
0.3 miles
Gerber Collision & Glass
Shops & Services
276 visits/mo
0.1 miles
Demographics for 32805, FL
23,331
Population
9,332
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
6.8 sq mi
ZIP Area
3,431
Density / Sq Mi
$39,425
Median Household Income
$29,592
Median Earnings
$1,112
Median Rent
$226,100
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?
Mixed-use property - Mixed-use property with commercial units and residential duplex.
Where is this mixed-use property located?
The property is located at 300 N WESTMORELAND DRIVE Orlando, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Mixed‑use property with commercial and residential units provides multiple income streams.; Prime, high‑traffic location minutes from Downtown Orlando.; Includes a fully built‑out hair salon ready for immediate use.
