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    517 Lake Destiny Dr Orlando, FL 32810

    Sponsored
    For Sale
    $4,895,000

    High-traffic, stabilized income property.

    Property size:
    9,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 517 S Lake Destiny Dr, Orlando, FL 32810, presents a compelling investment opportunity. The 9,320 square foot building, constructed in 1985, sits on a one-acre lot and boasts a desirable I-1 zoning designation, offering flexibility for various uses. Currently occupied by an established catering/special event tenant under a new 10-year modified gross lease with annual rent bumps (highest of 3% or CPI), this property generates a strong NOI of $228,000, resulting in a 5.00% cap rate. The asking price is $4,895,000 ($525.21/sq ft). The two-story building benefits from high visibility, with over 170,000 vehicles passing daily on I-4, and excellent signage opportunities facing the interstate. Its central Orlando location is convenient to major retail businesses and dealerships, including BMW, MINI, Alfa Romeo, and Home Depot. The exterior has recently been repainted. This stabilized investment offers a secure, long-term income stream with built-in annual rent growth. The property's prime location and strong tenant history make it an attractive addition to any portfolio.

    Property Features for 517 Lake Destiny Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,320 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1985
    Buildings
    1
    Stories
    2

    HighLights

    • New 10‑year modified gross lease with annual rent increases.
    • Established catering/event tenant with 10+ years in the Orlando market.
    • High visibility: over 170,000 vehicles daily on I‑4.
    • Excellent I‑4 building signage.
    • Central Orlando location.
    • 9,000+ square foot space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Imperial Design Hall Banquet Hall Visual Aerial Images Aerial Photographer Monster Media Advertising Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.386866942738
    Latitude
    28.612935682257

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic, stabilized income property.
    Where is this individual retail property located?
    The property is located at 517 Lake Destiny Dr Orlando, FL.
    What is the asking price?
    The asking price for this property is $4,895,000.
    What are key features of this property?
    This property features: New 10-year modified gross lease with annual rent increases.; Established catering/event tenant with 10+ years in the Orlando market.; High visibility: over 170,000 vehicles daily on I-4.
    Request Owner's contact information
    517 Lake Destiny Dr Orlando, FL 32810
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    Orlando, FL 32810
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    517 Lake Destiny Dr Orlando, FL 32810
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