Restaurant Opportunity on Colonial
For Sale
$448,500
9852 E COLONIAL DRIVE, Orlando, FL 32817
Turnkey restaurant with high traffic location on East Colonial.
Property Size1,175 SF
Lot Size0.17 Acres
Price / SF$381.70
Days on Market287
Property Features for 9852 E COLONIAL DRIVE
General Information
Standard status
Active
Size
1,175 SF
Lot size
0.17 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,193
Amenities
Central air
Pool
Public Pool
Built-Up Roof
Central Air Cooling
Building Details
Year Built
1957
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
JEN VIERA · License #3500610
Source:
Corcoran
Added: Nov 5, 2025
Changed: Aug 17
Last Checked: Aug 18 at 5:51AM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This property, offered for sale, is a fully equipped restaurant occupying a prime location on East Colonial Drive (State Road 50), a busy East-West thoroughfare in Orlando. The site benefits from substantial daily traffic and excellent visibility. The 1175 square foot property is positioned within a strong retail environment with surrounding commercial development, making it suitable for both dine-in and delivery/pick-up models. The restaurant has a proven menu and a loyal local following. The location on E Colonial Dr. connects major residential communities, employment centers and retail hubs, ensuring consistent traffic day and night. This turnkey operation offers strong fundamentals and expansion potential, presenting an opportunity for an owner-operator or investor seeking an income-producing asset.
Key Highlights
- Prime location on E Colonial Drive (State Road 50) with substantial daily traffic and excellent visibility.
- Turnkey operation with strong fundamentals, fully equipped for a seamless transition.
- Seller financing may apply.
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
$24,721
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
5.51%
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%
$494,420
$494.4K
Cap Rate 7%
$353,157
$353.2K
Cap Rate 9%
$274,678
$274.7K
Market Conditions
NOI Build-Up for 1,175 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
$34.1K $29.04/SF
− Vacancy
−$1.2K −$0.99/SF
EGI
$33.0K $28.05/SF
− OpEx
−$8.2K −$7.01/SF
NOI
$24.7K $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%
$494,420
Cap Rate 7%
$353,157
Cap Rate 9%
$274,678
Alternative Uses
Best Use
Specialty Retail
$353.2K
$309.0K – $412.0K
NOI $24,721 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$378.5K
$331.2K – $441.6K
NOI $26,496 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
62k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Electronics 53%
Shops & Services 21%
Home Improvements & Furnishings 14%
Beauty & Spa 6%
Best Buy
Electronics
32,926 visits/mo
0.4 miles
Rooms To Go Furniture Store
Home Improvements & Furnishings
4,964 visits/mo
0.1 miles
Cycle Gear
Shops & Services
3,685 visits/mo
0.2 miles
Tropical Smoothie Cafe
Dining
3,630 visits/mo
0.3 miles
Banfield Pet Hospital
Shops & Services
3,582 visits/mo
0.3 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant with high traffic location on East Colonial.
Where is this conventional restaurant located?
The property is located at 9852 E COLONIAL DRIVE Orlando, FL.
What is the asking price?
The asking price for this property is $448,500.
What are key features of this property?
This property features: Prime location on E Colonial Drive (State Road 50) with substantial daily traffic and excellent visibility.; Turnkey operation with strong fundamentals, fully equipped for a seamless transition.; Seller financing may apply.
