Freestanding Storefront Retail
For Sale
Contact for pricing
7456 W Colonial Dr, Orlando, FL 32818
Single-tenant commercial building along West Colonial Drive with a layout suited to repositioning or adaptive reuse.
Property Size11,532 SF
Lot Size1.57 Acres
Price / SF$294.83
Days on Market165
Property Features for 7456 W Colonial Dr
General Information
Standard status
Active
Size
11,532 SF
Lot size
1.57 Acres
Property subtype
Retail
Zoning
P-D
Lease Type
NNN
Investment Type
Owner/User
Building Details
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Lee & Associates - Orlando
(305) 235-1500
Listed By:
Samuel Gaslin · License #FL #SL3266563
Source:
Crexi
Added: Mar 19
Changed: Aug 29
Last Checked: Aug 29 at 8:18PM
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 Lee & Associates - Orlando
Investment Insights
Based on property information with market context.
This freestanding storefront retail property includes an 11,532-square-foot building on a 1.57-acre parcel containing 68,389 SF. The single-tenant configuration provides a straightforward base for an owner-user, repositioning, adaptive reuse, or redevelopment strategy. P-D zoning is in place.
The property fronts West Colonial Drive, also identified as SR-50, in Orlando. Its original development supported high-volume restaurant and family entertainment operations, giving the building a commercial layout associated with those uses. The site offers a substantial land component relative to the existing building and can accommodate a range of repositioning concepts within the stated zoning framework.
The property fronts West Colonial Drive, also identified as SR-50, in Orlando. Its original development supported high-volume restaurant and family entertainment operations, giving the building a commercial layout associated with those uses. The site offers a substantial land component relative to the existing building and can accommodate a range of repositioning concepts within the stated zoning framework.
Key Highlights
- 11,532‑square‑foot freestanding retail building
- 1.57‑acre parcel containing 68,389 SF
- P‑D zoning
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
$226,452
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
6.66%
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%
$4,529,040
$4.5M
Cap Rate 7%
$3,235,029
$3.2M
Cap Rate 9%
$2,516,133
$2.5M
Market Conditions
NOI Build-Up for 11,532 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
$334.9K $29.04/SF
− Vacancy
−$11.4K −$0.99/SF
EGI
$323.5K $28.05/SF
− OpEx
−$97.1K −$8.42/SF
NOI
$226.5K $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%
$4,529,040
Cap Rate 7%
$3,235,029
Cap Rate 9%
$2,516,133
Alternative Uses
Best Use
Retail
$3.24M
$2.83M – $3.77M
NOI $226,452 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.71M
$3.25M – $4.33M
NOI $260,040 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
516k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 24%
Superstores 19%
Shops & Services 18%
Dining 14%
Sam's Club
Superstores
96,105 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
53,484 visits/mo
0.4 miles
Walmart Neighborhood Market
Groceries
49,263 visits/mo
0.4 miles
Burlington
Apparel
45,334 visits/mo
0.1 miles
Dollar Tree
Shops & Services
32,961 visits/mo
0.3 miles
Demographics for 32818, FL
48,052
Population
18,775
Households
2.6
Avg Household Size
37
Median Age
20%
College-Educated
83%
High-School Grad
11.1 sq mi
ZIP Area
4,329
Density / Sq Mi
$60,182
Median Household Income
$31,371
Median Earnings
$1,486
Median Rent
$278,800
Median Home Value
Market
Vacancy Rate% for Retail in Orlando, FL
Questions? Ask Rey
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Similar Off Market Nearby
- Sam's Club Floral — 7810 W Colonial Dr, Orlando, FL 32818
Frequently Asked Questions
What type of property is this?
Storefront property - Single-tenant commercial building along West Colonial Drive with a layout suited to repositioning or adaptive reuse.
Where is this storefront property located?
The property is located at 7456 W Colonial Dr Orlando, FL.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 11,532‑square‑foot freestanding retail building; 1.57‑acre parcel containing 68,389 SF; P‑D zoning
