Tenant-Occupied Storefront
For Sale
$1,595,000
5508 EDGEWATER Drive, Orlando, FL 32810
Commercial Sale, ORLANDO, FL
Property Size3,060 SF
Lot Size0.39 Acres
Price / SF$521.24
Days on Market190
Property Features for 5508 EDGEWATER Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Subdivision
ANNANDALE PARK
Directions
I-4 to Lee Rd to Right on Edgewater - across from Georges
Standard status
Active
APN
04-22-29-0188-00-210
Size
3,060 SF
Lot size
0.39 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
ANNANDALE PARK M/45 LOTS 21 TO 23 (LESSS/RD R/W)
Tax Annual Amount
5164
Legal Description
ANNANDALE PARK M/45 LOTS 21 TO 23 (LESSS/RD R/W)
Utilities
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1955
Building materials
Brick
Listing Agency:
ROBERT SLACK LLC
(352) 229-1187
Listed By:
Kim Dam · License #3605351
(714) 725-9042
Added: Feb 20
Changed: Aug 24
Last Checked: Aug 29 at 9:06PM
MLS# O6385856
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This tenant-occupied storefront property includes a 3,060-square-foot commercial building on a 0.39-acre site. Built in 1955, the structure has brick construction and window or wall/window cooling units. The existing occupancy provides a current operating setup for the property.
Located at 5508 Edgewater Drive in Orlando, the property offers access to major roadways and is positioned within a commercial corridor. The site is identified as C-2 zoning, supporting its retail-oriented classification.
Located at 5508 Edgewater Drive in Orlando, the property offers access to major roadways and is positioned within a commercial corridor. The site is identified as C-2 zoning, supporting its retail-oriented classification.
Key Highlights
- 3,060‑square‑foot commercial building
- 0.39‑acre site
- Tenant‑occupied storefront property
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
$60,089
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
3.77%
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%
$1,201,780
$1.2M
Cap Rate 7%
$858,414
$858.4K
Cap Rate 9%
$667,656
$667.7K
Market Conditions
NOI Build-Up for 3,060 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
$88.9K $29.04/SF
− Vacancy
−$3.0K −$0.99/SF
EGI
$85.8K $28.05/SF
− OpEx
−$25.8K −$8.42/SF
NOI
$60.1K $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%
$1,201,780
Cap Rate 7%
$858,414
Cap Rate 9%
$667,656
Alternative Uses
Best Use
Retail
$858.4K
$751.1K – $1.00M
NOI $60,089 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$985.7K
$862.5K – $1.15M
NOI $69,001 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,227
Businesses Nearby
94k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Apparel 11%
Dining 1%
Wawa
Shops & Services
41,747 visits/mo
0.3 miles
City Thrift
Apparel
10,209 visits/mo
0.4 miles
Dollar General
Shops & Services
8,158 visits/mo
0.5 miles
Shell
Shops & Services
6,596 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,579 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Orlando, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Brick commercial building with C-2 zoning and existing occupancy.
Where is this storefront property located?
The property is located at 5508 EDGEWATER Drive Orlando, FL.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 3,060‑square‑foot commercial building; 0.39‑acre site; Tenant‑occupied storefront property
