Building Details

Year Built 1943

Listing Agency: EXP REALTY LLC Show Phone

Listed By: Kathi Jesse · License #3645423 Show Phone

Source: Dennisrealty

Added: Aug 7 Changed: Nov 3 Last Checked: Nov 3 at 6:39AM

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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 EXP REALTY LLC

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Investment Insights

Based on property information with market context.

This freestanding, one-story block-and-stucco property contains a fully built-out commercial kitchen and has supported a catering business for 47 years. The sale includes the real estate, furniture, fixtures, equipment, a catering van, and beer/wine and off-site liquor licenses. Kitchen improvements include stainless reach-in and walk-in refrigeration, an ice machine, prep tables, sinks, a commercial dishwashing station, and extensive storage shelving. The building also provides two ADA-accessible restrooms, ceramic tile and sealed concrete flooring, central A/C, and marked fire exits. Recent improvements include double-pane, tinted, low-emissivity ENERGY STAR windows and 200+ amp electrical service.

The property occupies a corner at N. Orange Blossom Trail (US-441) and Robinson Street in downtown Zellwood, with a signalized intersection, striped crosswalks, frontage on a state road and city street, a lit pole sign, and building signage. The fenced and gated site includes secured parking, a rear yard, and a covered outdoor structure with a built-in BBQ smoker. Public water, septic, sidewalks, street lighting, and access to public transit serve the property. An on-site billboard and owned security system are also included.

Key Highlights

• Catering business operating from the property for 47 years
• Sale includes real estate, FF&E, catering van, and beer/wine and off‑site liquor licenses
• Commercial kitchen with stainless reach‑in and walk‑in refrigeration, ice machine, prep areas, and dishwashing station

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,845

Cap Rate

7.98%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,236,900 $1.2M

Cap Rate 7%

$883,500 $883.5K

Cap Rate 9%

$687,167 $687.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,071 SF

Gross rent

$97.0K $8.76/SF

− Vacancy

−$8.6K −$0.78/SF

EGI

$88.4K $7.98/SF

− OpEx

−$26.5K −$2.39/SF

NOI

$61.8K $5.59/SF

Area

Orange County, FL

Vacancy

8.90%

Lease Rate

$8.76 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,236,900

Cap Rate 7%

$883,500

Cap Rate 9%

$687,167

Alternative Uses

Best Use

Retail

$3.11M

$2.72M – $3.62M (±1% cap)

NOI $217,400 @ 7.0% cap · market cap 28.05%

Second Best

Specialty Retail

$3.05M

$2.67M – $3.56M (±1% cap)

NOI $213,514 @ 7.0% cap · market cap 27.55%

Theoretical Best

Office A

$3.15M

$2.76M – $3.68M (±1% cap)

NOI $220,534 @ 7.0% cap · market cap 28.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Commercial kitchens

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Building Supply Big Box & Wholesale Store HVAC Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

57

Businesses Nearby

Explore this area Business Placement

Demographics for 32798, FL

2,501

Population

1,339

Households

1.9

Avg Household Size

68

Median Age

16%

College-Educated

94%

High-School Grad

3.0 sq mi

ZIP Area

834

Density / Sq Mi

$60,337

Median Household Income

$47,568

Median Earnings

$148,300

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Frequently Asked Questions

What type of property is this?

Commercial kitchen - Fully equipped food-service facility with catering infrastructure, fenced parking, and signalized-corner access.

Where is this commercial kitchen located?

The property is located at 3101 N ORANGE BLOSSOM TRAIL Zellwood, FL.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: Catering business operating from the property for 47 years; Sale includes real estate, FF&E, catering van, and beer/wine and off‑site liquor licenses; Commercial kitchen with stainless reach‑in and walk‑in refrigeration, ice machine, prep areas, and dishwashing station