Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Turkey Lk Rd. & Sand Lk Rd Orlando, FL 32819
    Back to Search
    Property profile & analytics

    Turkey Lk Rd. & Sand Lk Rd, Orlando, FL 32819

    View on Map
    • Lifestyle centers
    • 145,644 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Turkey Lk Rd. & Sand Lk Rd

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Phillips Crossing, a vibrant retail center in Orlando, Florida, presents a compelling investment opportunity. Strategically located at the intersection of Turkey Lake Road and Sand Lake Road, just west of I-4, this center enjoys exceptional visibility and accessibility. The property encompasses a total of 145,644 square feet and features three suites, offering a range of sizes suitable for various retail or restaurant concepts. Available spaces range from a minimum of 1,452 square feet to a maximum contiguous space of 1,989 square feet, with a total of 5,210 square feet currently vacant. The center boasts ample parking with 725 spaces, ensuring convenient access for customers and employees. Phillips Crossing serves the residents of Southwest Orlando, including the affluent communities of Doctor Phillips and Bay Hill, providing a strong and established customer base. The property is anchored by a Whole Foods Market, further enhancing its appeal and drawing significant foot traffic. Located in Orange County, Florida, with a zip code of 32819, this property offers a unique chance to establish a presence in a thriving retail market. The property's location and tenant mix create a robust and attractive investment opportunity.

    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
    -81.4761
    Latitude
    28.4482

    Comparable in this City

    • Value Estimation by Request
      86,269 SF

      Dr. Phillips Blvd. & Conroy Windermere Rd

      Lifestyle centers
      0 Dr. Phillips Blvd. & Conroy Windermere Rd, Orlando, FL 32819
      View Details
    • Value Estimation by Request
      202,722 SF

      Sand Lake Rd

      Neighborhood centers
      0 Sand Lake Rd, Orlando, FL 32819
      View Details
    • Value Estimation by Request
      650,000 SF

      5250 International Dr

      Restaurants
      5250 International Dr, Orlando, FL 32819
      View Details
    • Value Estimation by Request
      202,722 SF

      Sand Lk Rd And Dr. Phillips Blvd

      Restaurants
      0 Sand Lk Rd And Dr. Phillips Blvd, Orlando, FL 32819
      View Details
    • Value Estimation by Request
      130,000 SF

      7924 Via Dellagio Way

      Restaurants
      7924 Via Dellagio Way, Orlando, FL 32819
      View Details
    • Value Estimation by Request
      2,000 SF

      7342 International Dr

      Restaurants
      7342 International Dr, Orlando, FL 32819
      View Details

    Similar Nearby for Sale

    • $120,000
      2,000 SF

      Turnkey Restaurant Business Opportunity

      Restaurant business for sale in prime Orlando location.
      3042 W Sand Lake Rd, Orlando, FL 32819
      View Details
    • Contact for pricing

      25.46 Acres on International Drive

      25.46-acre development site with high visibility in Orlando, Florida.
      14592 State Road 535, Orlando, FL 32819
      View Details
    • Contact for pricing

      Prime Outparcel Near Epic Universe

      Power center outparcel in tourist corridor near Epic Universe.
      3060 W Sand Lake Rd, Orlando, FL 32819
      View Details
    • Contact for pricing
      19,213 SF

      Fully Leased Retail Center Orlando

      Three-tenant NNN retail center in Orlando's Dr. Phillips trade area.
      7720 Turkey Lake Rd, Orlando, FL 32819
      View Details
    • $2,750,000

      Freestanding Restaurant Building with Drive-Thru

      Fully equipped restaurant with drive-thru on John Young Parkway.
      8841 Commodity Cir, Orlando, FL 32819
      View Details
    • Contact for pricing
      2,000 SF

      Turnkey Restaurant Business in Orlando

      Restaurant business for sale in prime Orlando location.
      3042 W Sand Lake Rd, Orlando, FL 32819
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      64,050 SF

      Entertainment Destination Retail Opportunity

      Prime retail spaces in a high-traffic entertainment destination.
      8375 International Dr, Orlando, FL 32819
      View Details
    • Contact for pricing
      9,999 SF

      Prime Retail Space on International Drive

      Restaurant and retail spaces available in high-traffic tourist area.
      9101 W International Dr, Orlando, FL 32819
      View Details
    • Contact for pricing
      8,914 SF

      Restaurant Space with Redevelopment Potential

      Restaurant space available for ground lease or redevelopment.
      6707 W Sand Lake Rd, Orlando, FL 32819
      View Details
    • $21,500
      4,261 SF

      Prime Retail Space in Orlando

      Retail space in Orlando's International Drive tourist corridor.
      6320 International Dr, Orlando, FL 32819
      View Details
    • Contact for pricing

      Dezerland Park Retail Space

      Class A retail spaces in Orlando's entertainment district.
      5250 International Dr, Orlando, FL 32819
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Turkey Lk Rd. & Sand Lk Rd
    Orlando, FL 32819
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Turkey Lk Rd. & Sand Lk Rd, Orlando, FL, 32819
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!