Shell-Condition Retail
New
For Sale
Contact for pricing
3370 ROUSE RD UNIT 102 ORLANDO FL 32817-2220, Orlando, FL 32804
C-1 zoning supports retail, service, and office uses in an East Orlando commercial corridor.
Property Size750 SF
Price / SF$586.67
Days on Market7
Property Features for 3370 ROUSE RD UNIT 102 ORLANDO FL 32817-2220
General Information
Standard status
Active
Size
750 SF
Property subtype
Retail
Zoning
C-1
Additional Details
Asking Price
$440,000
Building Details
Year Built
2022
Listing Agency:
The List Orlando
Listed By:
Christopher Taddei · License #FL3304106
Source:
Crexi
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 10 at 8:21AM
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 The List Orlando
Investment Insights
Based on property information with market context.
Unit 102 is a ±750 SF retail condominium at University Station, a commercial center completed in 2022. The space is delivered in shell condition without a prior build-out, allowing the interior to be configured for a selected retail, service, or office use. The property fronts Rouse Road and includes access to shared surface parking.
Located at 3370 Rouse Road in Orlando, the unit is positioned in the UCF and East Orlando corridor, near the University of Central Florida, Research Park, Waterford Lakes, and Valencia College. C-1 zoning supports a range of retail, service, and office applications. Adjacent Unit 101 is also available, with the two units capable of being combined into approximately 1,500 SF.
Located at 3370 Rouse Road in Orlando, the unit is positioned in the UCF and East Orlando corridor, near the University of Central Florida, Research Park, Waterford Lakes, and Valencia College. C-1 zoning supports a range of retail, service, and office applications. Adjacent Unit 101 is also available, with the two units capable of being combined into approximately 1,500 SF.
Key Highlights
- ±750 SF retail condominium in Unit 102
- Shell condition provides a configurable interior
- University Station completed in 2022
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
$14,728
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
3.35%
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%
$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
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
$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 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%
$294,560
Cap Rate 7%
$210,400
Cap Rate 9%
$163,644
Alternative Uses
Best Use
Retail
$210.4K
$184.1K – $245.5K
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
NOI $16,912 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,580
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - C-1 zoning supports retail, service, and office uses in an East Orlando commercial corridor.
Where is this storefront property located?
The property is located at 3370 ROUSE RD UNIT 102 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: ±750 SF retail condominium in Unit 102; Shell condition provides a configurable interior; University Station completed in 2022
