Orlando Mixed-Use Development
716 W ROBINSON STREET Orlando, FL 32805
For Sale
$2,100,000
Pending
1.40-acre portfolio in Orlando's Innovation District near key attractions.
Property Size10,902 SF
Lot Size0.34 Acres
Days on Market1233
Property Features for 716 W ROBINSON STREET
General Information
Standard status
Pending
Size
10,902 SF
Lot size
0.34 Acres
Property subtype
Commercial
Building Details
Year Built
1930
Listing Agency:
ALPHA R.E. OF CENTRAL FL LLC
(407) 927-1040
Listed By:
ORLANDO MONTERO · License #BK3294461
Source:
Corcoran
Added: Mar 13, 2023
Changed: Jul 10
Last Checked: Jul 23 at 9:05AM
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 ALPHA R.E. OF CENTRAL FL LLC
Investment Insights
Based on property information with market context.
This diversified portfolio comprises 11 parcels totaling 1.40 acres in downtown Orlando's Innovation District. The properties are conveniently located within walking distance of Creative Village, Orlando City Soccer Exploria Stadium, and the Amway Center. The location is within the U.S. Department of Treasury’s Community Development Financial Institutions Fund designated area, potentially qualifying for the Bank Enterprise Award, Capital Magnet Fund, and the Equitable Recovery programs. The portfolio includes a 10,902 square foot building at 716 W Robinson St, zoned MU -1/T/PH R2B/T/PH, with a total of 11,376 square feet. There are also three adjacent vacant land parcels at 726 W. Robinson St, 732 W. Robinson St, and 217 Garden Ave, zoned R2B/T/PH, totaling 26,360 square feet when combined with 716 W Robinson St, allowing for a total of 4 single family units. Additionally, there are four adjacent vacant land parcels at 222 N Parramore Ave, 214 N Parramore Ave, 211 McQuigg Ave, and 215 McQuigg Ave, zoned MU -1/T/PH R2B/T/PH, totaling 26,136 square feet, allowing for a total of 16 units. A one-story duplex is located at 209 Garden Ave, zoned R2B/T/PH, with a total of 3,596 square feet. There is also a vacant land parcel at 202 McQuigg Ave, zoned R2B/T/PH, with a total of 3,596 square feet, and a vacant land parcel at 824 W. Robinson St, zoned R2B/T/PH, with a total of 3,596 square feet. MU -1/T/PH zoning allows for Medium Intensity Mixed Residential and Office with a maximum height of 35 ft, while R2B/T/PH zoning allows for single family homes, duplexes, small apartment buildings of 3—5 units, garage apartments and accessory apartments with a maximum height of 30 ft.
Key Highlights
- Diversified 1.40‑acre mixed‑use portfolio in Downtown Orlando's Innovation District.
- Located within a U.S. Department of Treasury Community Development Financial Institutions Fund designated area.
- Walking distance to key Orlando attractions and amenities.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $261.6k | $24.00 |
| − Vacancy | −$31.4k | −$2.88 |
| EGI | $230.3k | $21.12 |
| − OpEx | −$86.3k | −$7.92 |
| NOI | $143.9k | $13.20 |
10,902 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.06M
$1.80M – $2.40M
NOI $143,906 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.51M
$3.07M – $4.10M
NOI $245,834 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - 1.40-acre portfolio in Orlando's Innovation District near key attractions.
Where is this mixed-use property located?
The property is located at 716 W ROBINSON STREET Orlando, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Diversified 1.40‑acre mixed‑use portfolio in Downtown Orlando's Innovation District.; Located within a U.S. Department of Treasury Community Development Financial Institutions Fund designated area.; Walking distance to key Orlando attractions and amenities.
