Reinforced Concrete Retail and Office
For Sale
$2,500,000
5068 W COLONIAL DRIVE #15, Orlando, FL 32808
Reinforced concrete construction and a flexible interior make this property well-suited for retail, office, or medical uses on a major corridor.
Property Size10,555 SF
Price / SF$236.85
Days on Market63
Property Features for 5068 W COLONIAL DRIVE #15
General Information
Standard status
Active
Size
10,555 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$22,142
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Building Details
Year Built
1989
Listing Agency:
AAA GLOBAL VENTURES PA
(407) 717-5232
Listed By:
QINGHE MENG
Source:
Corcoran
Added: Jun 9
Changed: Aug 8
Last Checked: Jul 20 at 12:07PM
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 AAA GLOBAL VENTURES PA
Investment Insights
Based on property information with market context.
This reinforced concrete building totals approximately 10,555 square feet and is constructed with reinforced concrete extending through the roof structure. The property’s durable structural approach is designed to support long-term reliability, with a floor plan described as flexible for a range of commercial uses. This configuration can accommodate retail and showroom operations, professional and corporate office use, and user types such as medical, restaurant, educational, fitness, entertainment, cultural, and similar commercial concepts.
The building is positioned adjacent to Enson Market along W Colonial Drive (SR 50), a highly traveled Central Florida commercial corridor. The setting places the property in a dense, established business area, with convenient access to Downtown Orlando and regional transportation connections including I-4 and SR 408.
For tenants, this asset offers a substantial, durable platform for businesses that need a versatile interior and a ground-level commercial presence along a major route. For owner-occupants, the property supports both storefront and professional service concepts within one building. For investors or operators evaluating larger commercial formats, the combination of reinforced construction and adaptable space can support multiple business strategies, depending on the intended use and operating plan.
The building is positioned adjacent to Enson Market along W Colonial Drive (SR 50), a highly traveled Central Florida commercial corridor. The setting places the property in a dense, established business area, with convenient access to Downtown Orlando and regional transportation connections including I-4 and SR 408.
For tenants, this asset offers a substantial, durable platform for businesses that need a versatile interior and a ground-level commercial presence along a major route. For owner-occupants, the property supports both storefront and professional service concepts within one building. For investors or operators evaluating larger commercial formats, the combination of reinforced construction and adaptable space can support multiple business strategies, depending on the intended use and operating plan.
Key Highlights
- 1989‑built approx. 10,555 SF reinforced concrete commercial building with roof‑to‑structure reinforced concrete construction
- Flexible interior floor plan supports a range of permitted uses including restaurant, retail, medical, education, fitness, entertainment, cultural, professional office, showroom, and corporate headquarters
- Located adjacent to Enson Market on W Colonial Drive (SR 50), a highly traveled Central Florida commercial corridor
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
$207,267
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
8.29%
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%
$4,145,340
$4.1M
Cap Rate 7%
$2,960,957
$3.0M
Cap Rate 9%
$2,302,967
$2.3M
Market Conditions
NOI Build-Up for 10,555 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
$306.5K $29.04/SF
− Vacancy
−$10.4K −$0.99/SF
EGI
$296.1K $28.05/SF
− OpEx
−$88.8K −$8.42/SF
NOI
$207.3K $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 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%
$4,145,340
Cap Rate 7%
$2,960,957
Cap Rate 9%
$2,302,967
Alternative Uses
Best Use
Retail
$2.96M
$2.59M – $3.45M
NOI $207,267 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,009 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,249
Businesses Nearby
127k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 27%
Groceries 9%
Apparel 2%
dd's DISCOUNTS
Shops & Services
27,173 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
15,726 visits/mo
0.2 miles
Wendy's
Dining
13,587 visits/mo
0.2 miles
Chase Bank
Shops & Services
12,741 visits/mo
0.2 miles
Aldi
Groceries
11,026 visits/mo
0.4 miles
Demographics for 32808, FL
52,551
Population
21,291
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
78%
High-School Grad
11.9 sq mi
ZIP Area
4,416
Density / Sq Mi
$47,575
Median Household Income
$31,180
Median Earnings
$1,375
Median Rent
$218,600
Median Home Value
Market
Vacancy Rate% for Retail in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Reinforced concrete construction and a flexible interior make this property well-suited for retail, office, or medical uses on a major corridor.
Where is this retail space located?
The property is located at 5068 W COLONIAL DRIVE #15 Orlando, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 1989‑built approx. 10,555 SF reinforced concrete commercial building with roof‑to‑structure reinforced concrete construction; Flexible interior floor plan supports a range of permitted uses including restaurant, retail, medical, education, fitness, entertainment, cultural, professional office, showroom, and corporate headquarters; Located adjacent to Enson Market on W Colonial Drive (SR 50), a highly traveled Central Florida commercial corridor
