Colonial Town Center Shopping
For Sale
$16,000,000
8010 West Colonial Drive, Orlando, FL 32818
Fully occupied retail property with triple-net leasing, annual escalations, renewal options, and recent building-system upgrades.
Property Size49,200 SF
Days on Market136
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Property Features for 8010 West Colonial Drive
General Information
Standard status
Active
Size
49,200 SF
Property subtype
Retail
Occupancy
100%
Building Details
Building Size
49,200 SF
Year Built
2009
Tenancy
Multi
Listing Agency:
Lightle Beckner Robison, Inc.
Listed By:
Vitor De Sousa, CCIM · License #FL #BK3478927
(321) 419-9088
Source:
Teamlbr
Added: Jun 2
Changed: Oct 13
Last Checked: Oct 14 at 9:02PM
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 Lightle Beckner Robison, Inc.
Investment Insights
Based on property information with market context.
Colonial Town Center is a retail shopping center at 8010 West Colonial Drive in Orlando, Florida. Built in 2009, the property is 100% occupied and supported by triple-net leases that include annual rent escalations and renewal options.
Recent work includes a new roof, electrical-system upgrades, improved lighting, and refreshed wiring for LED signage. The property also offers the ability to add 6,000 square feet of retail space, providing an expansion component alongside the existing occupied center.
Recent work includes a new roof, electrical-system upgrades, improved lighting, and refreshed wiring for LED signage. The property also offers the ability to add 6,000 square feet of retail space, providing an expansion component alongside the existing occupied center.
Key Highlights
- 100% occupied retail shopping center at 8010 West Colonial Drive, Orlando, Florida
- Constructed in 2009
- Triple‑net leases include annual rent escalations and renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$966,133
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,322,660
$19.3M
Cap Rate 7%
$13,801,900
$13.8M
Cap Rate 9%
$10,734,811
$10.7M
Market Conditions
NOI Build-Up for 49,200 SF
Gross rent
$1.43M $29.04/SF
− Vacancy
−$48.6K −$0.99/SF
EGI
$1.38M $28.05/SF
− OpEx
−$414.1K −$8.42/SF
NOI
$966.1K $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 Rate 5%
$19,322,660
Cap Rate 7%
$13,801,900
Cap Rate 9%
$10,734,811
Alternative Uses
Best Use
Retail
$13.80M
$12.08M – $16.10M
NOI $966,133 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.85M
$13.87M – $18.49M
NOI $1,109,432 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
186k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 52%
Groceries 26%
Shops & Services 14%
Dining 6%
Sam's Club
Superstores
96,105 visits/mo
0.1 miles
Walmart Neighborhood Market
Groceries
49,263 visits/mo
0.1 miles
7-Eleven
Shops & Services
14,374 visits/mo
0.3 miles
Pollo Tropical
Dining
11,550 visits/mo
0.3 miles
FedEx Office Print & Ship Center
Shops & Services
6,030 visits/mo
0.2 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Orlando, FL
Similar Off Market Nearby
- West Colonial Oaks — 7150-7300, W Colonial Dr, Orlando, FL 32818
- Westland Terrace Plaza — W Colonial Dr, Orlando, FL 32818
- Highland Lakes Center — 7307 W Colonial Dr, Orlando, FL 32818
- Possible Grom Track — Unnamed Road, Orlando, FL 32818
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail property with triple-net leasing, annual escalations, renewal options, and recent building-system upgrades.
Where is this shopping center located?
The property is located at 8010 West Colonial Drive Orlando, FL.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: 100% occupied retail shopping center at 8010 West Colonial Drive, Orlando, Florida; Constructed in 2009; Triple‑net leases include annual rent escalations and renewal options
