Multi-Tenant Shopping
For Sale
$3,800,000
7559 University Blvd, Winter Park, FL 32792
Fully occupied retail center with restaurant, service, wireless, and convenience-oriented tenants.
Property Size11,432 SF
Price / SF$332.40
Days on Market47
Property Features for 7559 University Blvd
General Information
Standard status
Active
Size
11,432 SF
Property subtype
Shopping Neighborhood
Occupancy
100%
Additional Details
Traffic Count
41,000 vehicles/day
Amenities
Immediate Value-Add: Projected Yr 2 pro forma cap rate of 6.90%, driven by the opportunity to re-lease the 4 current MTM tenants and bring existing rental rates closer to current market levels.
A+ Irreplaceable Location: Positioned along University Blvd in a highly desirable infill location with strong visibility, access, and proximity to national retailers and surrounding demand drivers.
High-Traffic University Blvd Location: Positioned directly on University Boulevard with exposure to approximately 41,000 vehicles per day, offering strong visibility and convenient access.
Significant Below-Market Rent Opportunity: Current net rents average approx. $16.02 PSF, compared to overall market rents of $31.40 PSF according to CoStar, providing meaningful upside as leases roll over or are repositioned.
Tight Retail Market Fundamentals: The property benefits from strong Winter Park / East Orlando retail fundamentals, with overall market vacancy at just 4.0% according to CoStar, supporting continued leasing demand and rent growth potential.
Additional Exposure from Goldenrod Road Corridor: Located near the major intersection of University Boulevard and Goldenrod Road, with Goldenrod Road carrying approximately 26,500 vehicles per day, further enhancing site accessibility.
Large 2.34-Acre Site with Ample Parking: The property sits on a sizable 2.38-acre parcel, providing generous parking, easy circulation, and long-term flexibility for continued retail use.
Dense National Retail Surroundings: The property is surrounded by major national retailers including Costco, Publix, Chick-fil-A, Starbucks, CVS, Target, Aldi, Subway, Ace Hardware, Wells Fargo, Circle K, Regions Bank, and 7-Eleven, reinforcing the strength of the trade area.
Building Details
Building Size
11,432 SF
Year Built
1984
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Orlando
Listed By:
Tarek Chbeir · License #License(s): FL: SL3449535
(407) 557-3834
Source:
Marcusmillichap
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 1 at 2:25AM
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 Marcus & Millichap - Orlando
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Investment Insights
Based on property information with market context.
This multi-tenant retail center at 7559 University Blvd. comprises 11,432 square feet on 2.34 acres and was built in 1984. The property is fully occupied and serves a tenant mix spanning restaurants, services, wireless, and convenience-oriented retail. A projected Year 2 cap rate of 6.90% is stated for the offering.
The center fronts University Boulevard, where exposure is approximately 41,000 vehicles per day. Goldenrod Road carries approximately 26,500 vehicles per day nearby. The property includes ample parking and is located near Costco, Publix, Target, Aldi, Chick-fil-A, Starbucks, CVS, and Wells Fargo.
The center fronts University Boulevard, where exposure is approximately 41,000 vehicles per day. Goldenrod Road carries approximately 26,500 vehicles per day nearby. The property includes ample parking and is located near Costco, Publix, Target, Aldi, Chick-fil-A, Starbucks, CVS, and Wells Fargo.
Key Highlights
- 100% occupied multi‑tenant retail center
- 11,432‑square‑foot center on 2.34 acres
- Projected Year 2 proforma cap rate of 6.90%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$224,488
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,489,760
$4.5M
Cap Rate 7%
$3,206,971
$3.2M
Cap Rate 9%
$2,494,311
$2.5M
Market Conditions
NOI Build-Up for 11,432 SF
Gross rent
$332.0K $29.04/SF
− Vacancy
−$11.3K −$0.99/SF
EGI
$320.7K $28.05/SF
− OpEx
−$96.2K −$8.42/SF
NOI
$224.5K $19.64/SF
Area
Orange County, 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 Rate 5%
$4,489,760
Cap Rate 7%
$3,206,971
Cap Rate 9%
$2,494,311
Alternative Uses
Best Use
Retail
$3.21M
$2.81M – $3.74M
NOI $224,488 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.85M – $3.80M
NOI $227,725 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
41,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
250k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Shops & Services 23%
Groceries 17%
Dining 10%
Target
Superstores
85,035 visits/mo
0.2 miles
Publix
Groceries
43,365 visits/mo
0.2 miles
Ross Dress for Less
Apparel
22,924 visits/mo
0.1 miles
Circle K
Shops & Services
13,241 visits/mo
0.1 miles
Family Dollar
Shops & Services
12,337 visits/mo
0.2 miles
Demographics for 32792, FL
51,376
Population
24,169
Households
2.1
Avg Household Size
36
Median Age
42%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
4,246
Density / Sq Mi
$66,176
Median Household Income
$39,326
Median Earnings
$1,612
Median Rent
$343,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- University Plaza — 4000 N Goldenrod Rd, Winter Park, FL 32792
- Winter Park Commerce Center — 3586 Aloma Ave, Winter Park, FL 32792
- Aloma Square Shopping Center — 6700 Aloma Ave, Winter Park, FL 32792
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center with restaurant, service, wireless, and convenience-oriented tenants.
Where is this shopping center located?
The property is located at 7559 University Blvd Winter Park, FL.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 100% occupied multi‑tenant retail center; 11,432‑square‑foot center on 2.34 acres; Projected Year 2 proforma cap rate of 6.90%
