Block Construction Redevelopment
For Sale
$5,990,000
421 E Robinson Street ORLANDO, Orlando, FL 32801
Block construction building with previously approved mixed-use, seven-story plans for residential, restaurant, office, and parking garage.
Property Size9,492 SF
Price / SF$631.92
Days on Market123
Property Features for 421 E Robinson Street ORLANDO
General Information
Standard status
Active
Size
9,492 SF
Zoning
O-2/T
Site & Location
Neighborhood
Central Business District
Taxes and HOA fees
Annual Taxes
$38,530
Amenities
true
1
Public
29539
0.68
false
Asphalt
Slab
Main Throrughfare
9492
Building Details
Building Size
9,492 SF
Year Built
1965
Buildings
1
Stories
1
Listing Agency:
THE REAL ESTATE COLLECTION LLC
Listed By:
Erica Sadelfeld · License #3121297
(407) 656-7814
Source:
Therealestatecollection
Added: Jul 6
Changed: Oct 31
Last Checked: Oct 7 at 9:55AM
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 REAL ESTATE COLLECTION LLC
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Investment Insights
Based on property information with market context.
The property features a nearly 10,000 SF block construction building that can be transformed or redeveloped. The City of Orlando previously approved plans for a mixed-use, seven-story development including one-, two-, and three-bedroom units, along with restaurant and office spaces and a convenient parking garage.
Located just steps from Lake Eola Park in Downtown Orlando, the site offers immediate access to the Walt Disney Amphitheater. Lake Eola’s amenities, including a pagoda, swan boats, and a playground, support an active year-round destination atmosphere.
Whether pursuing the existing building transformation or the approved redevelopment path, the site is structured to support a combination of residential and commercial uses within a parking-garage layout.
Located just steps from Lake Eola Park in Downtown Orlando, the site offers immediate access to the Walt Disney Amphitheater. Lake Eola’s amenities, including a pagoda, swan boats, and a playground, support an active year-round destination atmosphere.
Whether pursuing the existing building transformation or the approved redevelopment path, the site is structured to support a combination of residential and commercial uses within a parking-garage layout.
Key Highlights
- 9492 SF block construction building on a 0.68‑acre lot (1 building, 1 story), built in 1965
- City‑approved plans for a mixed‑use 7‑story redevelopment: 1-, 2-, and 3‑bedroom units plus restaurant and office space
- Includes a parking garage concept in the previously approved 7‑story mixed‑use plans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,433
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,988,660
$4.0M
Cap Rate 7%
$2,849,043
$2.8M
Cap Rate 9%
$2,215,922
$2.2M
Market Conditions
NOI Build-Up for 9,479 SF
Gross rent
$275.3K $29.04/SF
− Vacancy
−$9.4K −$0.99/SF
EGI
$265.9K $28.05/SF
− OpEx
−$66.5K −$7.01/SF
NOI
$199.4K $21.04/SF
Area
Orlando, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,988,660
Cap Rate 7%
$2,849,043
Cap Rate 9%
$2,215,922
Alternative Uses
Best Use
Specialty Retail
$2.85M
$2.49M – $3.32M
NOI $199,433 @ 7.0% cap · market cap 3.33%
Second Best
Office B
$2.53M
$2.21M – $2.95M
NOI $177,020 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,746 @ 7.0% cap · market cap 3.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
8,617
Businesses Nearby
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Business Placement
Demographics for 32801, FL
17,728
Population
12,133
Households
1.5
Avg Household Size
36
Median Age
63%
College-Educated
95%
High-School Grad
2.2 sq mi
ZIP Area
8,058
Density / Sq Mi
$77,626
Median Household Income
$63,090
Median Earnings
$1,773
Median Rent
$397,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Residential income property - Block construction building with previously approved mixed-use, seven-story plans for residential, restaurant, office, and parking garage.
Where is this residential income property located?
The property is located at 421 E Robinson Street ORLANDO Orlando, FL.
What is the asking price?
The asking price for this property is $5,990,000.
What are key features of this property?
This property features: 9492 SF block construction building on a 0.68‑acre lot (1 building, 1 story), built in 1965; City‑approved plans for a mixed‑use 7‑story redevelopment: 1-, 2-, and 3‑bedroom units plus restaurant and office space; Includes a parking garage concept in the previously approved 7‑story mixed‑use plans
