High-Visibility Retail Investment
For Sale
$599,999
6919 FOREST CITY ROAD, Orlando, FL 32810
Two retail properties on 0.72 acres in high-traffic area.
Property Size2,240 SF
Price / SF$267.86
Days on Market519
Property Features for 6919 FOREST CITY ROAD
General Information
Standard status
Active
Size
2,240 SF
Taxes and HOA fees
Annual Taxes
$1,003
Building Details
Year Built
1975
Listing Agency:
FANNIE HILLMAN & ASSOCIATES
Listed By:
GWYN CLARK
Source:
Corcoran
Added: Apr 24, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 FANNIE HILLMAN & ASSOCIATES
Investment Insights
Based on property information with market context.
This commercial investment opportunity includes two retail properties, totaling 0.72 acres, situated in a high-visibility, high-traffic corridor. Located at 6919 Forest City Road, Orlando, FL 32810, and 6925 Forest City Road, the properties benefit from daily traffic exceeding 23,000 vehicles per day. Zoned for commercial use, the parcels offer space for retail, office, or mixed-use development, with room for parking and future growth. The property size is 2240 square feet. This location presents opportunities to develop, expand a business, or invest in a growing area. The properties are located in a rapidly growing area with strong demographics.
Key Highlights
- Two retail properties totaling .72 acres sold together.
- Located in a very high‑visibility, high‑traffic corridor.
- Daily traffic exceeds 23,000 vehicles per day (vpd).
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
$43,987
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
7.33%
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%
$879,740
$879.7K
Cap Rate 7%
$628,386
$628.4K
Cap Rate 9%
$488,744
$488.7K
Market Conditions
NOI Build-Up for 2,240 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
$65.0K $29.04/SF
− Vacancy
−$2.2K −$0.99/SF
EGI
$62.8K $28.05/SF
− OpEx
−$18.9K −$8.42/SF
NOI
$44.0K $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%
$879,740
Cap Rate 7%
$628,386
Cap Rate 9%
$488,744
Alternative Uses
Best Use
Retail
$628.4K
$549.8K – $733.1K
NOI $43,987 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$721.6K
$631.4K – $841.9K
NOI $50,511 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 38%
Zaxby's Chicken Fingers & Buffalo Wings
Dining
13,482 visits/mo
0.3 miles
Circle K
Shops & Services
7,967 visits/mo
0.3 miles
Mobil
Shops & Services
6,034 visits/mo
0.3 miles
BP
Shops & Services
3,515 visits/mo
0.2 miles
7-Eleven
Shops & Services
3,098 visits/mo
0.3 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Two retail properties on 0.72 acres in high-traffic area.
Where is this retail property located?
The property is located at 6919 FOREST CITY ROAD Orlando, FL.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Two retail properties totaling .72 acres sold together.; Located in a **very high‑visibility, high‑traffic corridor.**; Daily traffic exceeds 23,000 vehicles per day (vpd).
