Retail Center with Restaurant
New
For Sale
$8,500,000
6428 International Dr, Orlando, FL 32819
Includes a built-out restaurant and entertainment suite with patio seating.
Property Size17,463 SF
Price / SF$486.74
Days on Market3
Property Features for 6428 International Dr
General Information
Standard status
Active
Size
17,463 SF
Property subtype
Shopping Neighborhood
Site & Location
Traffic Count
26,000 vehicles/day
Road Access
Yes
Restaurant
Commercial Hood
Yes
Patio
Yes
Additional Details
Cap Rate
7.46%
Amenities
Significant Value-Add Through Lease-Up: Approximately 8,317 square feet of vacant space provides immediate lease-up potential.
Low Submarket Vacancy: Current submarket vacancy remains low at 2.3%.
11% Population Growth in a one-mile radius over the last 5 years (According to Costar).
High-Visibility Vacancies Along I-Drive: The available suites benefit from direct International Drive access and visibility, while the rear portion of the center is fully occupied and provides an established income base.
Fully Built-Out Restaurant and Entertainment Space: Suite 102 is a 3,596-square-foot restaurant space featuring commercial hoods, a walk-in freezer/cooler, outdoor patio seating area, and a second-floor entertainment area, significantly reducing the build-out requirements for a future operator.
Additional Growth Potential: Current proforma only includes the lease up of vacant spaces. Further value added by pushing current rents to meet the Submarket asking rent of $39.82/SF (According to CoStar).
Trophy International Drive Location: Positioned along International Drive with exposure to approximately 26,000 vehicles per day, the property benefits from significant pedestrian activity and Orlando's approximately 75.3 million annual visitors.
Affluent Surrounding Communities: The three-mile area reports an average household income of approximately $110,203 and benefits from its proximity to the highly desirable Dr. Phillips community and affluent Windermere area.
Building Details
Building Size
17,463 SF
Year Built
1979
Tenancy
Multi
Abandoned
No
Listing Agency:
Marcus & Millichap - Orlando
(407) 557-3834
Listed By:
Tarek Chbeir · License #License(s): FL: SL3449535
(407) 557-3834
Source:
Marcusmillichap
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 2:24AM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This retail center contains 17,463 square feet, including 8,317 square feet of vacant space and an occupied rear section. Suite 102 offers a 3,596-square-foot restaurant and entertainment layout with commercial hoods, a walk-in freezer and cooler, outdoor patio seating, and a second-floor entertainment area. A substantial portion of the roof was replaced in 2025.
The property fronts International Drive in Orlando and provides direct access with exposure to approximately 26,000 vehicles per day. Surrounding tourism and entertainment destinations include Universal Orlando Resort, Walt Disney World, and SeaWorld Orlando. Existing tenants operate under NNN leases, with the vacant suites providing lease-up potential.
The property fronts International Drive in Orlando and provides direct access with exposure to approximately 26,000 vehicles per day. Surrounding tourism and entertainment destinations include Universal Orlando Resort, Walt Disney World, and SeaWorld Orlando. Existing tenants operate under NNN leases, with the vacant suites providing lease-up potential.
Key Highlights
- 17,463‑square‑foot retail center with 8,317 square feet of vacant space
- Approximately 26,000 vehicles per day along International Drive frontage
- Suite 102 includes a 3,596‑square‑foot restaurant and entertainment space
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
$367,412
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
4.32%
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%
$7,348,240
$7.3M
Cap Rate 7%
$5,248,743
$5.2M
Cap Rate 9%
$4,082,356
$4.1M
Market Conditions
NOI Build-Up for 17,463 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
$507.1K $29.04/SF
− Vacancy
−$17.2K −$0.99/SF
EGI
$489.9K $28.05/SF
− OpEx
−$122.5K −$7.01/SF
NOI
$367.4K $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%
$7,348,240
Cap Rate 7%
$5,248,743
Cap Rate 9%
$4,082,356
Alternative Uses
Best Use
Specialty Retail
$5.25M
$4.59M – $6.12M
NOI $367,412 @ 7.0% cap · market cap 4.32%
Second Best
Retail
$4.90M
$4.29M – $5.72M
NOI $342,918 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$5.63M
$4.92M – $6.56M
NOI $393,781 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
26,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,604
Businesses Nearby
352k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Apparel 28%
Shops & Services 17%
Hotels & Casinos 15%
T.J. Maxx
Apparel
35,883 visits/mo
0.3 miles
Burlington
Apparel
34,080 visits/mo
0.3 miles
Chevron
Shops & Services
24,922 visits/mo
0.1 miles
IHOP
Dining
23,622 visits/mo
0.1 miles
Boot Barn
Apparel
18,192 visits/mo
0.2 miles
Demographics for 32819, FL
30,857
Population
14,689
Households
2.1
Avg Household Size
40
Median Age
51%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,491
Density / Sq Mi
$94,386
Median Household Income
$47,166
Median Earnings
$1,947
Median Rent
$454,000
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?
Shopping center - Includes a built-out restaurant and entertainment suite with patio seating.
Where is this shopping center located?
The property is located at 6428 International Dr Orlando, FL.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 17,463‑square‑foot retail center with 8,317 square feet of vacant space; Approximately 26,000 vehicles per day along International Drive frontage; Suite 102 includes a 3,596‑square‑foot restaurant and entertainment space
