Orlando Restaurant Investment
For Sale
$2,750,000
5101 E COLONIAL DRIVE, Orlando, FL 32803
High-visibility corner property with operating restaurant and expansion potential.
Property Size4,679 SF
Days on Market134
Property Features for 5101 E COLONIAL DRIVE
General Information
Standard status
Active
Size
4,679 SF
Property subtype
Commercial
Zoning
C-1
Taxes and HOA fees
Annual Taxes
$22,674
Building Details
Building Size
4,679 SF
Year Built
1970
Listing Agency:
MAGICTOWN REALTY INC
(407) 900-1780
Listed By:
Sam Song · License #3215201
(407) 900-1780
Source:
Mbifloridarealty
Added: Apr 13
Changed: Aug 23
Last Checked: Aug 23 at 6:27AM
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 MAGICTOWN REALTY INC
Investment Insights
Based on property information with market context.
This property presents an investment opportunity in Orlando, including both the real estate and an operating restaurant. Situated on a three-way corner, the location offers high visibility along a major corridor with over 60,000 vehicles per day. The property is currently operating as a restaurant and is maintained in excellent condition. Recent upgrades include connection to city sewer, a new lift station, and metal gates with perimeter fencing. The property is zoned for flexible commercial use, supporting a range of business types. An additional vacant lot provides the opportunity for expansion. The location has a bike score of 69, indicating it is bikeable, a walk score of 60, indicating it is somewhat walkable, and a transit score of 35, indicating some transit options are available.
Key Highlights
- High‑visibility corner property with over 60,000 vehicles per day (ADT).
- Operating restaurant included, providing immediate cash flow.
- Recent upgrades include connection to city sewer, new lift station, and secure metal gates with perimeter fencing.
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
$98,444
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
3.58%
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%
$1,968,880
$2.0M
Cap Rate 7%
$1,406,343
$1.4M
Cap Rate 9%
$1,093,822
$1.1M
Market Conditions
NOI Build-Up for 4,679 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
$135.9K $29.04/SF
− Vacancy
−$4.6K −$0.99/SF
EGI
$131.3K $28.05/SF
− OpEx
−$32.8K −$7.01/SF
NOI
$98.4K $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 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%
$1,968,880
Cap Rate 7%
$1,406,343
Cap Rate 9%
$1,093,822
Alternative Uses
Best Use
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,444 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,509 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
62k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Electronics 53%
Shops & Services 21%
Home Improvements & Furnishings 14%
Beauty & Spa 6%
Best Buy
Electronics
32,926 visits/mo
0.4 miles
Rooms To Go Furniture Store
Home Improvements & Furnishings
4,964 visits/mo
0.1 miles
Cycle Gear
Shops & Services
3,685 visits/mo
0.2 miles
Tropical Smoothie Cafe
Dining
3,630 visits/mo
0.3 miles
Banfield Pet Hospital
Shops & Services
3,582 visits/mo
0.3 miles
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - High-visibility corner property with operating restaurant and expansion potential.
Where is this conventional restaurant located?
The property is located at 5101 E COLONIAL DRIVE Orlando, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: High‑visibility corner property with over 60,000 vehicles per day (ADT).; Operating restaurant included, providing immediate cash flow.; Recent upgrades include connection to city sewer, new lift station, and secure metal gates with perimeter fencing.
