Industrial Development
3301 Gardenia Avenue Orlando, FL 32805
For Sale
$5,000,000
Development site with a Discount Music Center building, large pole sign, and frontage on I-4 and LB McLeod Road.
Property Size24,857 SF
Lot Size2.31 Acres
Price / SF$201.15
Days on Market21
Property Features for 3301 Gardenia Avenue
General Information
- Standard status
- Active
- Size
- 24,857 SF
- Lot size
- 2.31 Acres
- Property subtype
- Land
Listing Agency:
(407) 616-0382
Listed By:
Blake Hattaway, MiCP
(407) 616-0382
Source:
Realvest
Added: Jul 4
Changed: Jul 23
Last Checked: Jul 23 at 9:49AM
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 Blake Hattaway, MiCP
Investment Insights
Based on property information with market context.
A 2.31± acre development site with existing Discount Music Center building totaling 24,857± SF, along with on-site parking. The property is made up of two parcels: one in Orlando containing the building and parking, and a second in Orange County containing parking only.
The site has frontage on I-4 and LB McLeod Road and features a large pole sign visible from both roads. Public remarks cite high traffic and visibility including 30,000 on LB McLeod, 38,500 on John Young, and 154,000 on I-4.
Zoning is I-G (Light Industrial) in Orlando and C-3 (Commercial/Retail) in Orange County. Light industrial zoning would allow outdoor storage/truck parking, supporting a range of office, retail, and industrial/flex development concepts based on the configuration and zoning across the two parcels.
The site has frontage on I-4 and LB McLeod Road and features a large pole sign visible from both roads. Public remarks cite high traffic and visibility including 30,000 on LB McLeod, 38,500 on John Young, and 154,000 on I-4.
Zoning is I-G (Light Industrial) in Orlando and C-3 (Commercial/Retail) in Orange County. Light industrial zoning would allow outdoor storage/truck parking, supporting a range of office, retail, and industrial/flex development concepts based on the configuration and zoning across the two parcels.
Key Highlights
- 2.31± acre site with frontage on I‑4 and LB McLeod Road
- Discount Music Center building totaling 24,857± SF plus parking
- Two parcels: one in Orlando (building and parking) and one in Orange County (parking only)
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $217.7k | $8.76 |
| − Vacancy | −$19.4k | −$0.78 |
| EGI | $198.4k | $7.98 |
| − OpEx | −$29.8k | −$1.20 |
| NOI | $168.6k | $6.78 |
24,857 SF · lease $8.76/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Retail
$6.97M
$6.10M – $8.14M
NOI $488,113 @ 7.0% cap · market cap 9.76%
Second Best
Warehouse
$2.41M
$2.11M – $2.81M
NOI $168,613 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$8.01M
$7.01M – $9.34M
NOI $560,511 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Orlando Recording and Production
Recording Studio
Pro Point Studios
Recording Studio
Discount Music Center
(Bike/Boat/Book/etc) Store
Sunset Lamb Of God ...
Church
Throne Room of Zion ...
Church
Similar Off Market Nearby
- Tastebuds Resturant Style Catering — 3601 Vineland Rd, Orlando, FL 32811
- Special-DM — 3113 Willie Mays Pkwy Ste G, Orlando, FL 32811
- Classic Catering Design-Orlndo — 3021 39th St, Orlando, FL 32839
- Kate's Plates — 3601 Vineland Rd Suite 1, Orlando, FL 32881
- Christopher's Stellar Dining Inc — 3601 Vineland Rd, Orlando, FL 32811
FAQs
What type of property is this?
Flex space - Development site with a Discount Music Center building, large pole sign, and frontage on I-4 and LB McLeod Road.
Where is this flex space located?
The property is located at 3301 Gardenia Avenue Orlando, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 2.31± acre site with frontage on I‑4 and LB McLeod Road; Discount Music Center building totaling 24,857± SF plus parking; Two parcels: one in Orlando (building and parking) and one in Orange County (parking only)
