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Shell Retail Condominium
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3370 ROUSE RD UNIT 101 ORLANDO FL 32817-2220, Orlando, FL 32804

Unbuilt commercial unit with C-1 zoning and frontage along Rouse Road near UCF and East Orlando employment centers.

Property Size750 SF
Price / SF$586.67
Days on Market53

Property Features for 3370 ROUSE RD UNIT 101 ORLANDO FL 32817-2220

General Information

Standard status Active
Size 750 SF
Property subtype Retail
Zoning C-1

Site & Location

Neighborhood Lake Formosa

Additional Details

Asking Price $440,000

Building Details

Year Built 2022
Tenancy Single
Listing Agency: Nova Real Estate Services, Inc
Listed By: Christopher Taddei · License #FL3304106
Source: Crexi
Added: Sep 4 Changed: Oct 25 Last Checked: Oct 24 at 5:27PM

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 Nova Real Estate Services, Inc

Rey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Unit 101 is a retail condominium within University Station, a center completed in 2022. Approximately 750 square feet of shell space remains unoccupied and unbuilt, allowing the interior to be configured for a future retail, service, or office use. The property is offered for sale and includes access to shared surface parking.

The unit fronts Rouse Road in Orlando’s UCF and East Orlando corridor. Nearby destinations identified for the property include the University of Central Florida, Research Park, Waterford Lakes, and Valencia College. C-1 zoning supports a range of retail, service, and office applications, subject to independent verification of permitted uses, association requirements, condition, and measurements.

Key Highlights

  • Approximately 750 SF retail condominium in University Station
  • Shell condition with no prior build‑out
  • University Station completed in 2022

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$14,728
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,560 $294.6K
Cap Rate 7%
$210,400 $210.4K
Cap Rate 9%
$163,644 $163.6K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$21.8K $29.04/SF
− Vacancy
−$741 −$0.99/SF
EGI
$21.0K $28.05/SF
− OpEx
−$6.3K −$8.42/SF
NOI
$14.7K $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 Rate 5%
$294,560
Cap Rate 7%
$210,400
Cap Rate 9%
$163,644

Alternative Uses

Best Use
Retail
$210.4K
$184.1K – $245.5K (±1% cap)
NOI $14,728 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$241.6K
$211.4K – $281.9K (±1% cap)
NOI $16,912 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Auto Repair Shop Real Estate Agency Big Box & Wholesale Store Auto Parts Store Dental Office

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

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,580
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 82% Hotels & Casinos 18%
7-Eleven Shops & Services
32,488 visits/mo 0.1 miles
Comfort Suites Downtown Hotels & Casinos
7,313 visits/mo 0.1 miles

Demographics for 32804, FL

19,084
Population
10,127
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
2,651
Density / Sq Mi
$113,466
Median Household Income
$61,227
Median Earnings
$1,717
Median Rent
$498,700
Median Home Value

Market

Vacancy Rate% for Retail in Orlando, FL

6.1% 2019
6.5% 2020
5.2% 2021
5.1% 2022
4.2% 2023
4.4% 2024
4.8% 2025

Similar Off Market Nearby

  • Kelly Shannon Floral — 821 Virginia Dr, Orlando, FL 32803
  • Majestic Flowers & Blooms — 807 S Orange Blossom Trail, Apopka, FL 32703
  • The Golden Bee Fleurs — 1826 N Orange Ave, Orlando, FL 32804

Frequently Asked Questions

What type of property is this?
Storefront property - Unbuilt commercial unit with C-1 zoning and frontage along Rouse Road near UCF and East Orlando employment centers.
Where is this storefront property located?
The property is located at 3370 ROUSE RD UNIT 101 ORLANDO FL 32817-2220 Orlando, FL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Approximately 750 SF retail condominium in University Station; Shell condition with no prior build‑out; University Station completed in 2022
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Includes: Price & PSF · Cap rate · Location · Zoning

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