Equipped Restaurant
For Sale
$448,500
9852 E COLONIAL Drive, Orlando, FL 32817
Commercial Sale, ORLANDO, FL
Property Size1,175 SF
Lot Size0.17 Acres
Price / SF$381.70
Days on Market298
Property Features for 9852 E COLONIAL Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Directions
528 E/W Exit onto 417 N to Orlando exit on to 50/E Colonial Dr.
Subdivision
32817 - Orlando/Union Park/University Area
Standard status
Active
APN
18-22-31-0000-00-061
Size
1,175 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
E 50 FT OF W 225 FT OF E1/2 OF SE 1/4 OFSE1/4 LYING S OF ST RD 50 IN SEC 18-22-31
Tax Annual Amount
5193
Legal Description
E 50 FT OF W 225 FT OF E1/2 OF SE 1/4 OFSE1/4 LYING S OF ST RD 50 IN SEC 18-22-31
Utilities
Cooling system
Central Air
Building Details
Year built
1957
Building materials
Block, Concrete
Roof type
Built-Up
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Jen Viera · License #3500610
(407) 300-4691
Added: Nov 4, 2025
Changed: Aug 24
Last Checked: Aug 29 at 6:06PM
MLS# O6358297
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 real estate-only restaurant property contains 1,175 square feet on a 0.17-acre site. The building was constructed in 1957 with block-and-concrete materials, central air, and a built-up roof. Existing restaurant equipment is included, and the operation is currently active.
The property is located on E Colonial Drive, also designated State Road 50, in Orlando. The corridor is described as an east-west thoroughfare surrounded by commercial development and retail activity. C-1 zoning and the existing restaurant configuration provide the key physical and land-use details for evaluating the property.
The property is located on E Colonial Drive, also designated State Road 50, in Orlando. The corridor is described as an east-west thoroughfare surrounded by commercial development and retail activity. C-1 zoning and the existing restaurant configuration provide the key physical and land-use details for evaluating the property.
Key Highlights
- 1,175‑square‑foot restaurant property
- 0.17‑acre site
- C‑1 zoning
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
38k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
13,878 visits/mo
0.1 miles
7-Eleven
Shops & Services
7,795 visits/mo
0.4 miles
Bank of America
Shops & Services
7,485 visits/mo
0.5 miles
Family Dollar
Shops & Services
6,007 visits/mo
0.3 miles
Valvoline Instant Oil Change
Shops & Services
2,756 visits/mo
0.2 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 - C-1-zoned building with central air, block-and-concrete construction, and an established restaurant layout.
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: 1,175‑square‑foot restaurant property; 0.17‑acre site; C‑1 zoning
