Orlando Mixed-Use Development
For Sale
$2,100,000
Pending
716 W ROBINSON, Orlando, FL 32805
1.40-acre portfolio in Orlando's Innovation District near key attractions.
Property Size10,902 SF
Lot Size1.40 Acres
Days on Market234
Property Features for 716 W ROBINSON
General Information
Standard status
Pending
Size
10,902 SF
Lot size
1.40 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,991
Building Details
Building Size
10,902 SF
Year Built
1930
Listing Agency:
ALPHA R.E. OF CENTRAL FL LLC
Listed By:
Orlando Montero · License #BK3294461
(321) 299-8257
Source:
Elliman
Added: Mar 10
Changed: Oct 25
Last Checked: Oct 28 at 8:33AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$143,906
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,878,120
$2.9M
Cap Rate 7%
$2,055,800
$2.1M
Cap Rate 9%
$1,598,956
$1.6M
Market Conditions
NOI Build-Up for 10,902 SF
Gross rent
$261.6K $24.00/SF
− Vacancy
−$31.4K −$2.88/SF
EGI
$230.3K $21.12/SF
− OpEx
−$86.3K −$7.92/SF
NOI
$143.9K $13.20/SF
Area
Orlando, FL
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,878,120
Cap Rate 7%
$2,055,800
Cap Rate 9%
$1,598,956
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,843
Businesses Nearby
Explore this area
Business Placement
Demographics for 32805, FL
23,331
Population
9,332
Households
2.5
Avg Household Size
39
Median Age
16%
College-Educated
78%
High-School Grad
6.8 sq mi
ZIP Area
3,431
Density / Sq Mi
$39,425
Median Household Income
$29,592
Median Earnings
$1,112
Median Rent
$226,100
Median Home Value
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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 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.
