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    12101 Narcoossee Rd Orlando, FL 32832
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    12101 Narcoossee Rd, Orlando, FL 32832

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    • Specialty properties
    • 3,340 SF
    • 0.94 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 12101 Narcoossee Rd

    Year built
    2024
    Lot size
    0.94 lot acres
    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional investment opportunity presents a brand-new, state-of-the-art El Car Wash facility in Orlando, Florida. Boasting a 20-year absolute NNN lease with a corporate guarantee from El Car Wash, the largest and fastest-growing car wash brand in Florida, this property offers exceptional stability and significant upside potential. The 3,340 square foot facility, built in 2024, features a 120-foot tunnel and sits on a 0.94-acre lot with 22 parking spaces. Located on a hard corner with excellent visibility on Narcoossee Road (36,000+ vehicles per day), the car wash benefits from a prime location directly across from Lake Nova Landing, a 596,000 square foot retail power center anchored by Walmart, Sam's Club, and Lowe's. The area has experienced explosive population growth (70% since 2020), with projections of 9%+ annual growth within a 1-mile radius over the next 5 years. This growth is fueled by numerous new residential and commercial developments, including a planned 377-unit apartment community. The property's proximity to Lake Nona High School, Valencia College Lake Nona Campus, and numerous national retail tenants further enhances its desirability. The lease includes a 6.25% cap rate, a $425,000 NOI, and 2% annual rent increases. The asking price is $6,800,000. The average household income within a 3-mile radius exceeds $156,000. This investment is eligible for bonus depreciation. The property's strong financials, coupled with its exceptional location and tenant, make it an ideal addition to any portfolio. The initial lease term is 20 years, with six 5-year options. The conservative Year-3 EBITDAR projection is $1.75 million.

    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
    -81.2443
    Latitude
    28.3903

    Comparable in this City

    • Value Estimation
      $5,515,000
      3,751 SF

      11317 Narcoossee Rd

      CAR WASH - AUTOMATED
      11317 Narcoossee Rd, Orlando, FL 32832-6908
      View Details
    • Value Estimation
      $4,855,000
      4,141 SF

      14418 Narcoossee Rd

      CAR WASH - AUTOMATED
      14418 Narcoossee Rd, Orlando, FL 32832-7180
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    • Value Estimation by Request
      1,634 SF

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      11,200 SF

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    • Value Estimation by Request
      13.00 Acres

      Fl-528

      Land
      0 Fl-528, Orlando, FL 32832
      View Details
    • Value Estimation
      $870,000
      6,858 SF

      11966 Narcoossee Rd

      AUTO REPAIR, GARAGE
      11966 Narcoossee Rd, Orlando, FL 32832-6900
      View Details

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    Orlando, FL 32832
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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.

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    12101 Narcoossee Rd, Orlando, FL, 32832
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