Freestanding Drive-Thru
For Sale
$2,750,000
8841 COMMODITY Circle, Orlando, FL 32819
Commercial Sale, ORLANDO, FL
Property Size4,055 SF
Lot Size1.37 Acres
Price / SF$678.18
Days on Market104
Property Features for 8841 COMMODITY Circle
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
IND-2/IND-
Subdivision
SOUTH PARK
Directions
Located near John Young Parkway - Off Commodity Circle, Orlando, FL
Standard status
Active
APN
32-23-29-8207-01-100
Size
4,055 SF
Lot size
1.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SOUTHPARK UNIT FOUR 20/137 PT OF BLK A DESC AS BEG INT OF S LINE OF NE1/4 OF SEC32-23-29 & WLY BOUNDARY BLK A TH RUN N06-09-59W 20.70 FT N83-50-04E 350 FT S06-09-59E 170 FT S83-50-04W 350 FT N06-09-59W 149.30 FT TO POB
Tax Annual Amount
25754
Legal Description
SOUTHPARK UNIT FOUR 20/137 PT OF BLK A DESC AS BEG INT OF S LINE OF NE1/4 OF SEC32-23-29 & WLY BOUNDARY BLK A TH RUN N06-09-59W 20.70 FT N83-50-04E 350 FT S06-09-59E 170 FT S83-50-04W 350 FT N06-09-59W 149.30 FT TO POB
Utilities
Cooling system
Central Air
Building Details
Year built
2005
Floors in Building
1
Building materials
Block
Listing Agency:
COMMERCIAL REAL ESTATE PROF IN
(407) 737-9797
Listed By:
Mark Allen
(407) 737-9797
Added: May 14
Changed: Aug 24
Last Checked: Aug 25 at 2:06AM
MLS# O6407897
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding drive-through restaurant building contains 4,055 square feet and was constructed in 2005 with block construction and central air conditioning. The property includes restaurant equipment, furniture, fixtures, a drive-through, and a large monument sign. Its second-generation configuration is suited to continued restaurant use.
The building fronts John Young Parkway in Orlando and also has access from Commodity Circle. The site is approximately 1 mile north of the Beachline Expressway, designated SR 528. The surrounding area includes the Florida Mall area, national retailers, residential properties, businesses, industrial parks, and office parks. Zoning is identified as IND-2/IND-.
The building fronts John Young Parkway in Orlando and also has access from Commodity Circle. The site is approximately 1 mile north of the Beachline Expressway, designated SR 528. The surrounding area includes the Florida Mall area, national retailers, residential properties, businesses, industrial parks, and office parks. Zoning is identified as IND-2/IND-.
Key Highlights
- 4,055‑square‑foot freestanding restaurant building constructed in 2005
- Drive‑through configuration with restaurant furniture, fixtures, and equipment
- Frontage on John Young Parkway with access from Commodity Circle
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
Lease Details
Yes
Highway access
Yes
Paved road access
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 - Standalone restaurant improvements include a drive-thru, kitchen equipment, monument signage, and access from Commodity Circle.
Where is this drive through restaurant located?
The property is located at 8841 COMMODITY Circle 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: 4,055‑square‑foot freestanding restaurant building constructed in 2005; Drive‑through configuration with restaurant furniture, fixtures, and equipment; Frontage on John Young Parkway with access from Commodity Circle
