Three-Unit Retail and Restaurant
For Sale
$1,350,000
741 Bennett Road ORLANDO, Orlando, FL 32803
Concrete block three-unit retail property with an existing restaurant liquor license and multiple operating spaces.
Property Size3,946 SF
Lot Size0.38 Acres
Price / SF$270.43
Days on Market48
Property Features for 741 Bennett Road ORLANDO
General Information
Standard status
Active
Size
3,946 SF
Lot size
0.38 Acres
Zoning
MU-2/AN
Additional Details
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$10,577
Amenities
1
true
16437
0.38
false
Asphalt
Slab
State Road
3946
2
Building Details
Building Size
3,946 SF
Year Built
1961
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
(904) 569-5862
Listed By:
Morgan Friesen
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Aug 21
Last Checked: Aug 22 at 3:29AM
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 Morgan Friesen
Investment Insights
Based on property information with market context.
Bennett Retail Site is a three-unit retail property built with a concrete block structure on a 0.38-acre lot. The total building size is 3,946 square feet, and the existing tenant mix includes a window tinting business, an electronics repair shop, and a restaurant space. The restaurant suite comprises 2,146 square feet, representing over half of the building’s footprint, and it is described as having a liquor license in place.
The property is located at 741 Bennett Road in Orlando, Florida 32803 and is positioned for retail use with visibility and accessibility called out in the offering. Zoning is MU-2/AN.
For food and beverage operators, the presence of a restaurant suite with a liquor license may reduce operational friction compared with a new build-out. For investors and owner-users, the property’s three separate units can support a diversified retail lineup within a single asset. This configuration can be attractive for buyers seeking an income-producing retail structure with an on-site restaurant component and multiple tenancy types already represented.
The property is located at 741 Bennett Road in Orlando, Florida 32803 and is positioned for retail use with visibility and accessibility called out in the offering. Zoning is MU-2/AN.
For food and beverage operators, the presence of a restaurant suite with a liquor license may reduce operational friction compared with a new build-out. For investors and owner-users, the property’s three separate units can support a diversified retail lineup within a single asset. This configuration can be attractive for buyers seeking an income-producing retail structure with an on-site restaurant component and multiple tenancy types already represented.
Key Highlights
- 3,946 SF concrete block retail building on a 0.38‑acre lot (asphalt road surface).
- 3‑unit retail setup with 2 buildings totaling 3,946 SF and 1 story.
- Restaurant suite includes a liquor license in place and spans 2,146 SF (over half the building).
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
$105,029
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
7.78%
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%
$2,100,580
$2.1M
Cap Rate 7%
$1,500,414
$1.5M
Cap Rate 9%
$1,166,989
$1.2M
Market Conditions
NOI Build-Up for 4,992 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
$145.0K $29.04/SF
− Vacancy
−$4.9K −$0.99/SF
EGI
$140.0K $28.05/SF
− OpEx
−$35.0K −$7.01/SF
NOI
$105.0K $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%
$2,100,580
Cap Rate 7%
$1,500,414
Cap Rate 9%
$1,166,989
Alternative Uses
Best Use
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,029 @ 7.0% cap · market cap 7.78%
Second Best
Retail
$1.40M
$1.23M – $1.63M
NOI $98,027 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,567 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,808
Businesses Nearby
306k
Monthly Visits Nearby
Under-served
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Concrete block three-unit retail property with an existing restaurant liquor license and multiple operating spaces.
Where is this storefront property located?
The property is located at 741 Bennett Road ORLANDO 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: 3,946 SF concrete block retail building on a 0.38‑acre lot (asphalt road surface).; 3‑unit retail setup with 2 buildings totaling 3,946 SF and 1 story.; Restaurant suite includes a liquor license in place and spans 2,146 SF (over half the building).
