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9316 1st Ave, Orlando, FL 32824
Commercial property with C-3 zoning, ideal for various businesses.
Property Size1,015 SF
Lot Size0.17 Acres
Price / SF$369.46
Days on Market199
Property Features for 9316 1st Ave
General Information
Standard status
Active
Size
1,015 SF
Class
C
Lot size
0.17 Acres
Property subtype
Mixed Use, Office
Zoning
C-3
Listing Agency:
Allied Commercial Advisors, LLC
Listed By:
Sher Tolan, SIOR · License #bk667806
Source:
Crexi
Added: Mar 24
Changed: Oct 7
Last Checked: Oct 7 at 9:46AM
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 Allied Commercial Advisors, LLC
Investment Insights
Based on property information with market context.
This property, zoned C-3, presents diverse commercial development opportunities within a growing trade area. The +7,187 sqft site (+0.17 acres) allows for a variety of businesses, including retail, automotive sales, contractors, and entertainment venues. The location offers accessibility and visibility due to its proximity to major Florida corridors such as I-4, SR 528, and the Florida Turnpike. The existing 1,015 sqft building, concrete paved lot, and fully fenced property provide a foundation for business endeavors.
Key Highlights
- C‑3 Commercial Zoning allows for a variety of business uses
- Excellent accessibility and visibility due to proximity to major highways
- +7,187 sqft site (+0.17 Acres) in a flourishing trade area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,931
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,620
$398.6K
Cap Rate 7%
$284,729
$284.7K
Cap Rate 9%
$221,456
$221.5K
Market Conditions
NOI Build-Up for 1,015 SF
Gross rent
$29.5K $29.04/SF
− Vacancy
−$1.0K −$0.99/SF
EGI
$28.5K $28.05/SF
− OpEx
−$8.5K −$8.42/SF
NOI
$19.9K $19.64/SF
Area
ZIP 32824
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%
$398,620
Cap Rate 7%
$284,729
Cap Rate 9%
$221,456
Alternative Uses
Best Use
Retail
$284.7K
$249.1K – $332.2K
NOI $19,931 @ 7.0% cap · market cap 5.31%
Second Best
Office B
$243.7K
$213.3K – $284.3K
NOI $17,060 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$317.7K
$278.0K – $370.7K
NOI $22,241 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 32824, FL
57,412
Population
20,453
Households
2.8
Avg Household Size
36
Median Age
34%
College-Educated
90%
High-School Grad
33.5 sq mi
ZIP Area
1,714
Density / Sq Mi
$80,177
Median Household Income
$35,897
Median Earnings
$1,759
Median Rent
$354,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property with C-3 zoning, ideal for various businesses.
Where is this mixed-use property located?
The property is located at 9316 1st Ave Orlando, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: C‑3 Commercial Zoning allows for a variety of business uses; Excellent accessibility and visibility due to proximity to major highways; +7,187 sqft site (+0.17 Acres) in a flourishing trade area
