Freestanding Drive-Through
For Sale
$895,000
9710 E Colonial Drive, Orlando, FL 32817
Freestanding restaurant on a signalized corner with drive-thru service and a commercial kitchen with existing equipment.
Property Size1,911 SF
Price / SF$468.34
Days on Market83
Property Features for 9710 E Colonial Drive
General Information
Standard status
Active
Size
1,911 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Road Access
Yes
Commercial Hood
Yes
Building Details
Year Built
1970
Listing Agency:
OLDE TOWN BROKERS INC
Listed By:
Patricia Sullivan · License #3130492
(407) 219-3450
Source:
Realtygroupfl
Added: Jun 14
Changed: Sep 3
Last Checked: Sep 4 at 10:55AM
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 OLDE TOWN BROKERS INC
Investment Insights
Based on property information with market context.
Freestanding restaurant property at 9710 E COLONIAL DRIVE in Orlando, FL 32817, built for on-site dining and quick customer service. The building includes a spacious dining area with a customer service counter and a commercial-grade kitchen equipped with multiple fryers, stainless steel prep stations, a vent hood system, and walk-in refrigeration.
The site is positioned on a signalized corner with direct frontage on a heavily traveled roadway and prominent pylon signage. Ample parking supports convenient customer access, and the large lot offers room for future improvements or potential outdoor seating.
The restaurant was formerly operated as Maryland Fried Chicken and is being sold as a fully equipped facility, suited for an owner-operator or a new restaurant concept. The property is also located close to University of Central Florida and Valencia College.
The site is positioned on a signalized corner with direct frontage on a heavily traveled roadway and prominent pylon signage. Ample parking supports convenient customer access, and the large lot offers room for future improvements or potential outdoor seating.
The restaurant was formerly operated as Maryland Fried Chicken and is being sold as a fully equipped facility, suited for an owner-operator or a new restaurant concept. The property is also located close to University of Central Florida and Valencia College.
Key Highlights
- Freestanding restaurant building on a signalized corner with direct frontage on a heavily traveled roadway
- Drive‑thru service and large parking lot for convenient customer access
- Over half an acre site with room for future improvements or outdoor seating
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
$40,206
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
4.49%
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%
$804,120
$804.1K
Cap Rate 7%
$574,371
$574.4K
Cap Rate 9%
$446,733
$446.7K
Market Conditions
NOI Build-Up for 1,911 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
$55.5K $29.04/SF
− Vacancy
−$1.9K −$0.99/SF
EGI
$53.6K $28.05/SF
− OpEx
−$13.4K −$7.01/SF
NOI
$40.2K $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%
$804,120
Cap Rate 7%
$574,371
Cap Rate 9%
$446,733
Alternative Uses
Best Use
Specialty Retail
$574.4K
$502.6K – $670.1K
NOI $40,206 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$615.6K
$538.7K – $718.2K
NOI $43,092 @ 7.0% cap · market cap 4.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
43k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
13,878 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,795 visits/mo
0.2 miles
Bank of America
Shops & Services
7,485 visits/mo
0.3 miles
Family Dollar
Shops & Services
6,007 visits/mo
0.4 miles
Sunoco
Shops & Services
5,378 visits/mo
0.4 miles
Demographics for 32817, FL
40,376
Population
13,747
Households
2.9
Avg Household Size
29
Median Age
36%
College-Educated
92%
High-School Grad
11.7 sq mi
ZIP Area
3,451
Density / Sq Mi
$78,546
Median Household Income
$34,316
Median Earnings
$1,741
Median Rent
$327,800
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 - Freestanding restaurant on a signalized corner with drive-thru service and a commercial kitchen with existing equipment.
Where is this drive through restaurant located?
The property is located at 9710 E Colonial Drive Orlando, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Freestanding restaurant building on a signalized corner with direct frontage on a heavily traveled roadway; Drive‑thru service and large parking lot for convenient customer access; Over half an acre site with room for future improvements or outdoor seating
