Orlando Retail Property For
For Sale
$1,350,000
741 Bennett Road, Orlando, FL 32803
Three-unit retail property with diversified tenants and high visibility.
Property Size3,946 SF
Lot Size0.38 Acres
Price / SF$342.12
Days on Market385
Property Features for 741 Bennett Road
General Information
Standard status
Active
Size
3,946 SF
Lot size
0.38 Acres
Property subtype
Commercial
Building Details
Year Built
1961
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 907-0350
Listed By:
Tito Urbano Perez · License #3470017
Source:
Realtygroupfl
Added: Aug 10, 2025
Changed: Aug 28
Last Checked: Aug 29 at 11:15AM
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 FLORIDA REALTY INVESTMENTS
Investment Insights
Based on property information with market context.
The Bennett Retail Site is a three-unit retail property located at 741 Bennett Rd, Orlando, FL 32803. The 3,946 SF concrete block building is situated on a 0.38-acre lot in a vibrant trade area. The property features a diversified tenant mix, including a window tinting business, an electronics repair shop, and a restaurant space. The restaurant suite has a liquor license in place, offering operational potential for food and beverage operators. The restaurant suite boasts 2,146 SF, representing over half of the building’s footprint. The property is positioned for an owner-user or investor seeking to capture the area’s high consumer spending. The zoning is MU-2/AN. The Bennett Retail Site offers an opportunity for investors or operators looking to establish a presence in Central Florida.
Key Highlights
- Prime location in a vibrant and affluent Orlando trade area.
- Restaurant space with an existing liquor license, offering immediate operational potential.
- Strong visibility and accessibility on Bennett Rd.
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
$83,022
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
6.15%
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%
$1,660,440
$1.7M
Cap Rate 7%
$1,186,029
$1.2M
Cap Rate 9%
$922,467
$922.5K
Market Conditions
NOI Build-Up for 3,946 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
$114.6K $29.04/SF
− Vacancy
−$3.9K −$0.99/SF
EGI
$110.7K $28.05/SF
− OpEx
−$27.7K −$7.01/SF
NOI
$83.0K $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%
$1,660,440
Cap Rate 7%
$1,186,029
Cap Rate 9%
$922,467
Alternative Uses
Best Use
Specialty Retail
$1.19M
$1.04M – $1.38M
NOI $83,022 @ 7.0% cap · market cap 6.15%
Second Best
Retail
$1.11M
$968.6K – $1.29M
NOI $77,487 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,980 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,808
Businesses Nearby
306k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Apparel 27%
Dining 15%
Electronics 12%
Wawa
Shops & Services
49,279 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
33,719 visits/mo
0.2 miles
Best Buy
Electronics
32,926 visits/mo
0.4 miles
Macy's
Apparel
31,464 visits/mo
0.3 miles
Jo-Ann Fabric and Craft
Shops & Services
20,654 visits/mo
0.4 miles
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
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.
Frequently Asked Questions
What type of property is this?
Retail space - Three-unit retail property with diversified tenants and high visibility.
Where is this retail space located?
The property is located at 741 Bennett Road Orlando, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime location in a vibrant and affluent Orlando trade area.; Restaurant space with an existing liquor license, offering immediate operational potential.; Strong visibility and accessibility on Bennett Rd.
