Remodeled Commercial Building on
For Sale
$1,350,000
Pending
5005 EDGEWATER Dr, Orlando, FL 32810
Freestanding, remodeled commercial building on busy Edgewater Drive.
Property Size1,764 SF
Lot Size0.42 Acres
Days on Market188
Property Features for 5005 EDGEWATER Dr
General Information
Standard status
Pending
Size
1,764 SF
Lot size
0.42 Acres
Property subtype
Commercial
Site & Location
Neighborhood
Fairview Shores
Taxes and HOA fees
Annual Taxes
$4,418
Building Details
Building Size
1,764 SF
Year Built
1963
Listing Agency:
LOU HAUBNER REALTY,INC.
Listed By:
Lou Haubner, Jr. · License #123002
(407) 886-8010
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Oct 5 at 8:10PM
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 LOU HAUBNER REALTY,INC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding commercial building, completely remodeled, is situated on Edgewater Drive and visible from the intersection of Lee Road in Orlando. The property is zoned C-3, which allows for a variety of commercial and light industrial uses. The property spans 0.42 acres, featuring 175 feet of frontage on Edgewater Drive, which experiences a high traffic count of over 26,000 vehicles per day. The newly renovated 2,000 square foot concrete block building includes a large parking area. It is suitable for auto, truck, or other types of equipment sales and is also well-suited for any type of service industry. The location has a bike score of 56, indicating it is bikeable, and a walk score of 49, indicating car dependence.
Key Highlights
- High‑traffic location: Over 26,000 vehicles per day on Edgewater Dr.
- C‑3 zoning: Allows for a variety of commercial and light industrial uses.
- Completely remodeled 2,000 Sq.Ft. concrete block building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,274
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,480
$785.5K
Cap Rate 7%
$561,057
$561.1K
Cap Rate 9%
$436,378
$436.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$58.1K $29.04/SF
− Vacancy
−$2.0K −$0.99/SF
EGI
$56.1K $28.05/SF
− OpEx
−$16.8K −$8.42/SF
NOI
$39.3K $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%
$785,480
Cap Rate 7%
$561,057
Cap Rate 9%
$436,378
Alternative Uses
Best Use
Retail
$561.1K
$490.9K – $654.6K
NOI $39,274 @ 7.0% cap · market cap 2.91%
Second Best
Industrial
$159.6K
$139.7K – $186.2K
NOI $11,173 @ 7.0% cap · market cap 0.83%
Theoretical Best
Office A
$644.3K
$563.7K – $751.7K
NOI $45,099 @ 7.0% cap · market cap 3.34%
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
Location Intelligence
Trade Area within ½ mile
1,148
Businesses Nearby
25k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 5%
Shell
Shops & Services
6,596 visits/mo
0.1 miles
AutoZone
Shops & Services
6,231 visits/mo
0.5 miles
Advance Auto Parts
Shops & Services
4,276 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
2,911 visits/mo
0.3 miles
Circle K
Shops & Services
2,177 visits/mo
0.1 miles
Demographics for 32810, FL
35,925
Population
14,849
Households
2.4
Avg Household Size
36
Median Age
26%
College-Educated
87%
High-School Grad
9.2 sq mi
ZIP Area
3,905
Density / Sq Mi
$58,462
Median Household Income
$37,983
Median Earnings
$1,545
Median Rent
$260,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Orlando, FL
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Frequently Asked Questions
What type of property is this?
Automotive property - Freestanding, remodeled commercial building on busy Edgewater Drive.
Where is this automotive property located?
The property is located at 5005 EDGEWATER Dr Orlando, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: High‑traffic location: Over 26,000 vehicles per day on Edgewater Dr.; C‑3 zoning: Allows for a variety of commercial and light industrial uses.; Completely remodeled 2,000 Sq.Ft. concrete block building.
