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    Fully Leased Retail Center Orlando Title is generated by Realmo AI

    7720 Turkey Lake Rd, Orlando, FL 32819

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    Three-tenant NNN retail center in Orlando's Dr. Phillips trade area.

    Type:Retail
    Property size:
    19,213 SF
    Price / SF:
    $539/SF
    Added:
    Sep 25, 2025
    Days on Market:
    230
    Last Refresh:
    Mar 16 at 1:27 pm

    Property Features for 7720 Turkey Lake Rd

    General Information

    Standard status
    Active
    Size
    19,213 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2014

    We can help!

    Listing Contact
    Douglas Mandel

    Listing agent Douglas Mandel License #FL SL3090637

    Listing office Marcus & Millichap - Fort Lauderdale

    Listing date Sep 25, 2025

    Source Crexi

    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 - Fort Lauderdale

    HighLights

    • Fully leased, three‑tenant NNN retail center providing stable occupancy and predictable income.
    • Nearly seven‑year Weighted Average Lease Term (WALT).
    • Located in the heart of Orlando’s Dr. Phillips trade area, benefiting from strong traffic.
    • Excellent visibility with direct access to 25,000 Vehicles Per Day (VPD) on Turkey Lake Road.
    • High average household income exceeding $113,000 within a one‑mile radius.
    • Built in 2014.

    Overview

    The Shoppes at Turkey Lake is a fully leased, three-tenant retail center located in the Dr. Phillips trade area of Orlando. Constructed in 2014, the property contains 19,213 square feet and is situated at 7720 Turkey Lake Road, offering visibility and direct access to a traffic flow of 25,000 vehicles per day. The location is near Sand Lake Road, which sees 56,000 vehicles per day, and Interstate 4. The property is leased to Rokka’s Market, AYR Cannabis Dispensary, and Club Champion under NNN structures. The weighted average lease term remaining is approximately seven years, providing stable occupancy and predictable income. The property is surrounded by residential neighborhoods, large-scale development, and attractions such as Universal Orlando, SeaWorld, Epic Universe, Icon Park, and International Drive, benefiting from permanent, daytime, and tourist traffic. Within a five-mile radius, there are 188,000 residents, and the average household income within a one-mile radius exceeds $113,000, with an annual growth rate of 8% over the past four years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr phillip Medical Laboratory Rokka's Sushi Restaurant Rokka's Market - Dr. ... Specialty Food Shop Club Champion Golf Course AYR Cannabis Dispensary ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Law Firm Building Supply Real Estate Agency Dental Office Big Box & Wholesale Store Spa & Massage Center Auto Repair Shop Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Eternelle's Elixir of Refreshment — 6000 Universal Blvd, Orlando, FL 32819
    • Shoppes of Portofino — 5787 Vineland Rd #104, Orlando, FL 32819

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Brevard
    State
    Florida
    Longitude
    -81.4780294
    Latitude
    28.4529204

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    FAQs

    What type of property is this?
    Shopping center - Three-tenant NNN retail center in Orlando's Dr. Phillips trade area.
    Where is this shopping center located?
    The property is located at 7720 Turkey Lake Rd Orlando, FL.
    What is the asking price?
    The asking price for this property is $10,362,000.
    What are key features of this property?
    This property features: Fully leased, three‑tenant NNN retail center providing stable occupancy and predictable income.; Nearly seven‑year Weighted Average Lease Term (WALT).; Located in the heart of Orlando’s Dr. Phillips trade area, benefiting from strong traffic.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Douglas Mandel
    Real Estate License ID: FL SL3090637
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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