Building Details

Building Size 750 SF

Year Built 2022

Listing Agency: NOVA REAL ESTATE SERVICES INC

Listed By: Algenib Tobar · License #3481789 Show Phone

Source: Eluxerealty

Added: Feb 13 Changed: Oct 26 Last Checked: Oct 26 at 3:34PM

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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 NOVA REAL ESTATE SERVICES INC

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Investment Insights

Based on property information with market context.

This 750-square-foot retail condominium occupies a street-level position in a center completed in 2022. The space has a glass storefront and high ceilings, with shared parking available on site.

The property is less than a mile from UCF and near Waterford Lakes and the UCF/Research Park area. Valencia College and Full Sail are also accessible from the area, while Orlando International Airport is approximately 20–25 minutes away.

Key Highlights

• 750 sq ft street‑level retail condominium
• Built in 2022
• Less than a mile from UCF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,728

Cap Rate

3.20%

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

Is this asking price fair?

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 3.20%

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 3.68%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

A Grade Ahead of Orlando Tutoring Service Luana Esthetics Hair Salon University Smoke Shop ... (Bike/Boat/Book/etc) Store University Station Shopping ... Shopping Center & Mall Knitcessities (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store Spa & Massage Center Hair Salon

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

899

Businesses Nearby

187k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 86% Hotels & Casinos 8% Shops & Services 4% Beauty & Spa 1%

Chick-fil-A Dining

44,067 visits/mo 0.1 miles

Chipotle Mexican Grill Dining

17,926 visits/mo 0.4 miles

Wendy's Dining

15,887 visits/mo 0.1 miles

Buffalo Wild Wings Dining

11,957 visits/mo 0.1 miles

IHOP Dining

11,198 visits/mo 0.3 miles

Demographics for 32817, FL

40,376

Population

13,747

Households

2.9

Avg Household Size

29

Median Age

36%

College-Educated

92%

High-School Grad

11.7 sq mi

ZIP Area

3,451

Density / Sq Mi

$78,546

Median Household Income

$34,316

Median Earnings

$1,741

Median Rent

$327,800

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

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Frequently Asked Questions

What type of property is this?

Retail space - Street-level space offers high ceilings, shared parking, and a modern glass storefront.

Where is this retail space located?

The property is located at 3370 ROUSE RD #101 Orlando, FL.

What is the asking price?

The asking price for this property is $460,000.

What are key features of this property?

This property features: 750 sq ft street‑level retail condominium; Built in 2022; Less than a mile from UCF