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    Freestanding Restaurant/Retail Building in Orlando Title is generated by Realmo AI

    3201 PKWY CTR CT, Orlando, FL 32808

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    Freestanding 7,622 SF restaurant/retail building on 1.44 acres.

    Type:Retail, Restaurant
    Property size:
    7,622 SF
    Lot size:
    1.44 Acres
    Added:
    May 27, 2026
    Days on Market:
    5
    Last Refresh:
    May 27 at 7:56 am

    Property Features for 3201 PKWY CTR CT

    General Information

    Standard status
    Active
    Size
    7,622 SF
    Lot size
    1.44 Acres
    Property subtype
    Retail, Restaurant

    Building Details

    Year Built
    1982

    Spaces For Lease

    at 3201 PKWY CTR CT Contact us

    We can help!

    Listing Contact
    Karen Hong

    Listing agent Karen Hong License #BK3325286

    Listing office Foresight Real Estate LLC

    Listing date May 27, 2026

    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 Foresight Real Estate LLC

    HighLights

    • Freestanding 7,622 SF building on a large 1.44‑acre site, offering flexibility for various uses.
    • Existing restaurant/bar configuration, ideal for food and beverage operators.
    • Located in Orlando's established West Colonial submarket, a proven retail corridor.
    • Strong surrounding demographics with approximately 96,244 residents within 3 miles and 274,966 residents within 5 miles.
    • Excellent access and connectivity to major roadways.
    • On‑site parking and convenient ingress/egress.

    Overview

    The property at 3201 Parkway Center Ct is a freestanding restaurant/retail building in Orlando’s West Colonial submarket. The building has an area of approximately 7,622 square feet and is situated on a 1.44-acre site. The existing configuration is that of a restaurant/bar, making it suitable for food and beverage operators. The site provides on-site parking and convenient access to major retail roads and transportation corridors. The property is located within an active commercial trade area near national and regional retailers, restaurants, and service tenants. The surrounding demographics include approximately 96,244 residents within 3 miles and 274,966 residents within 5 miles. The property's location near N. Orange Blossom Trail / US-441 and W. Colonial Drive / SR-50 provides regional connectivity and customer accessibility. The property is suited for restaurant, sports bar, entertainment, retail, or service-oriented concepts.
    Location Intelligence

    Current Use by Public Records

    WingHouse Bar & Grill Bar & Pub ATM Atm F'&C Roofing Services Roofing Company Trailer Birds Restaurant Big Deal Burger Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    • Gwennyz's Food & Services — 4300 Clarcona Ocoee Rd, Orlando, FL 32808

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.4186991
    Latitude
    28.6001601

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    FAQs

    What type of property is this?
    Restaurant - Freestanding 7,622 SF restaurant/retail building on 1.44 acres.
    Where is this restaurant located?
    The property is located at 3201 PKWY CTR CT Orlando, FL.
    What are key features of this property?
    This property features: Freestanding 7,622 SF building on a large 1.44‑acre site, offering flexibility for various uses.; Existing restaurant/bar configuration, ideal for food and beverage operators.; Located in Orlando's established West Colonial submarket, a proven retail corridor.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Karen Hong
    Real Estate License ID: BK3325286
    Learn More
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    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.

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