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    Lk St & Regency Vlg Dr Orlando, FL 32821
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    Lk St & Regency Vlg Dr, Orlando, FL 32821

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    • Lifestyle centers
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Lk St & Regency Vlg Dr

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity presents up to 16.49 acres of prime land for lease in Orlando, Florida, specifically situated at the intersection of Lake Street and Regency Village Drive (zip code 32821), within the Orlando MSA submarket of Orange County. The property, known as Vineland Galleria, offers a flexible build-to-suit option and is currently configured for multiple tenants, with nine spaces immediately available. The site boasts a high-visibility location within Orlando's vibrant tourist corridor, benefiting from its proximity to major theme parks including Walt Disney World Resort, Universal Orlando Resort, SeaWorld Orlando, and the forthcoming Epic Universe. This strategic location ensures unparalleled access to millions of annual visitors, creating an ideal environment for retail, hospitality, or entertainment businesses seeking to capitalize on the area's thriving tourism industry. The land parcel ranges from one to three acres, providing scalability for various development plans. The property's address is easily accessible via the new Daryl Carter Parkway/Regency Village interchange on I-4, further enhancing its visibility and convenience. This presents a unique chance to establish a significant presence in one of Orlando's most sought-after commercial areas. The property type is retail, specifically a shopping center, and is offered as a ground lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.4871
    Latitude
    28.3915

    Comparable in this City

    • Value Estimation
      $1,810,000
      61,190 SF

      11701 International Dr

      SHOPPING CENTER, STRIP CENTER
      11701 International Dr, Orlando, FL 32821-7370
      View Details
    • Value Estimation
      $3,125,000
      33,117 SF

      5350 Central Florida Pkwy

      SHOPPING CENTER, STRIP CENTER
      5350 Central Florida Pkwy, Orlando, FL 32821-8772
      View Details
    • Value Estimation
      $2,110,000
      44,846 SF

      6121 Westwood Blvd

      SHOPPING CENTER, STRIP CENTER
      6121 Westwood Blvd, Orlando, FL 32821
      View Details
    • Value Estimation by Request
      8,000 SF

      11858 International Dr

      Restaurants
      11858 International Dr, Orlando, FL 32821
      View Details
    • Value Estimation by Request

      11062 International Dr

      Individual retail properties
      11062 International Dr, Orlando, FL 32821
      View Details
    • Value Estimation by Request
      3,958 SF

      13448 Fl-535

      Restaurants
      13448 Fl-535, Orlando, FL 32821
      View Details

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      Orlando Land Parcel For Sale

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    • $307,500
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      Orlando Land Development Opportunity

      Prime land near I-Drive with development potential.
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    • $625,000
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      Land Near International Drive

      Vacant land with commercial potential near International Drive in Orlando.
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    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Grocery Anchored Shopping Center Space

      Retail space in tourist area near Vineland Premium Outlets.
      8111-8155 Vineland Ave, Orlando, FL 32821
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      I-Drive Retail Plaza City Lake Pointe

      11951 International Drive South Orlando, FL 32821
      11951 International Dr, Orlando, FL 32821
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      Grocery Anchored Shopping Center Space

      Retail space available in Orlando near tourist attractions.
      8145 Vineland Ave, Orlando, FL 32821
      View Details
    • Contact for pricing

      Prime Location Retail Opportunity

      Retail spaces available near Disney, SeaWorld, and Universal Studios.
      15771 Orlando St, Orlando, FL 32821
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      Turnkey Restaurant Space in Orlando

      470 SF turnkey food court space in Orlando tourism corridor.
      15771 Kissimmee Vineland Rd, Orlando, FL 32821
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      2,800 SF

      Retail Space on Westwood Boulevard

      Retail space available for rent in Orlando, Florida.
      6121-6175 Westwood Blvd, Orlando, FL 32821
      View Details
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    Orlando, FL 32821
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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