Freestanding Restaurant Building with
For Sale
$2,750,000
8841 COMMODITY Cir, Orlando, FL 32819
Fully equipped restaurant with drive-thru on John Young Parkway.
Property Size4,055 SF
Lot Size1.38 Acres
Days on Market106
Property Features for 8841 COMMODITY Cir
General Information
Standard status
Active
Size
4,055 SF
Lot size
1.38 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$25,754
Building Details
Building Size
4,055 SF
Year Built
2005
Stories
1
Listing Agency:
(407) 737-9797
Listed By:
Mark Allen
(407) 737-9797
Source:
Elliman
Added: May 15
Changed: Aug 23
Last Checked: Aug 26 at 10:05AM
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 Mark Allen
Investment Insights
Based on property information with market context.
This freestanding, fully equipped restaurant building with a drive-thru is situated on approximately 1.38 acres fronting John Young Parkway. Formerly a Whataburger franchise, the property offers frontage and visibility on John Young Parkway, with access from Commodity Circle, and features a monument sign. The location is near the Florida Mall area, in a high-growth area of Orlando with solid demographics. The John Young Parkway area includes major national retailers and residential homes and businesses, as well as upscale industrial and office parks. The property is approximately 1 mile north of the Beachline Expressway (SR 528), a major east-west artery into Orlando. John Young Parkway is a main north-south artery connecting the Beach Line with Sand Lake Road. This is a second-generation restaurant.
Key Highlights
- Freestanding, fully equipped 2nd generation restaurant with drive‑thru.
- High‑traffic location on John Young Parkway with excellent frontage and visibility.
- Located in a super high‑growth area of Orlando near the Florida Mall.
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
$85,315
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
3.10%
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%
$1,706,300
$1.7M
Cap Rate 7%
$1,218,786
$1.2M
Cap Rate 9%
$947,944
$947.9K
Market Conditions
NOI Build-Up for 4,055 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
$117.8K $29.04/SF
− Vacancy
−$4.0K −$0.99/SF
EGI
$113.8K $28.05/SF
− OpEx
−$28.4K −$7.01/SF
NOI
$85.3K $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%
$1,706,300
Cap Rate 7%
$1,218,786
Cap Rate 9%
$947,944
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,315 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,438 @ 7.0% cap · market cap 3.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
267k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 46%
Shops & Services 31%
Dining 19%
Hotels & Casinos 3%
Walmart
Superstores
123,683 visits/mo
0.4 miles
RaceTrac
Shops & Services
24,108 visits/mo
0.4 miles
McDonald's
Dining
18,940 visits/mo
0.3 miles
Starbucks
Dining
16,160 visits/mo
0.5 miles
PetSmart
Shops & Services
12,691 visits/mo
0.3 miles
Demographics for 32819, FL
30,857
Population
14,689
Households
2.1
Avg Household Size
40
Median Age
51%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,491
Density / Sq Mi
$94,386
Median Household Income
$47,166
Median Earnings
$1,947
Median Rent
$454,000
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?
Drive through restaurant - Fully equipped restaurant with drive-thru on John Young Parkway.
Where is this drive through restaurant located?
The property is located at 8841 COMMODITY Cir Orlando, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Freestanding, fully equipped 2nd generation restaurant with drive‑thru.; High‑traffic location on John Young Parkway with excellent frontage and visibility.; Located in a super high‑growth area of Orlando near the Florida Mall.
