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    7174 Colonial Dr Orlando, FL 32818
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    Property profile & analytics

    7174 Colonial Dr Orlando, FL 32818

    View on Map
    • Neighborhood centers
    • 160,792 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Depot Tech Services / Tech Support Center / IT Consulting Firm
    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm
    • Office Depot Print & Copy Services / Banner Store / Copying Supply Store
    • Elite Digital Technologies / Corporate Office
    • Office Depot / (Bike/Boat/Book/etc) Store

    Property Details for 7174 Colonial Dr

    Property size
    160,792 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    West Colonial Oaks, a thriving retail strip center in Orlando, Florida (32818), presents a fantastic opportunity for businesses seeking high-visibility space. Located at 7174 W Colonial Dr, at the prominent intersection of Hiawassee and Colonial Drive, this power center boasts a total of 160,792 square feet. Currently, there are 4,800 square feet of vacant space available, divisible into units as small as 1,400 square feet, with a maximum contiguous space of 16,000 square feet. This prime location benefits from strong anchor tenants including Home Depot, Family Dollar, Office Depot, Fancy Fruit & Produce, and Ollie's, ensuring high foot traffic and brand recognition. The property's strategic placement guarantees excellent exposure to a dense population base and provides easy access for customers. Whether you're seeking a smaller space for a boutique or a larger area for a more expansive operation, West Colonial Oaks offers flexible options to suit various business needs. This is an exceptional opportunity to establish or expand your business within a well-established and successful retail environment. Contact us today to learn more about leasing opportunities and secure your place in this vibrant commercial hub.

    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
    -81.3819
    Latitude
    28.553

    Comparable in this City

    • Value Estimation by Request
      78,745 SF

      707 Good Homes Rd

      Neighborhood centers • 78,745 SF
      707 Good Homes Rd, Ocoee, FL 32818
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    • Value Estimation
      $2,690,000
      88,774 SF

      6385 Colonial Dr

      SHOPPING CENTER, STRIP CENTER • 88,774 SF
      6385 Colonial Dr, Orlando, FL 32818-7824
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    • Value Estimation
      $6,870,000
      23,898 SF

      7649 Colonial Dr

      SHOPPING CENTER, STRIP CENTER • 23,898 SF
      7649 Colonial Dr, Orlando, FL 32818-6631
      View Details
    • Value Estimation
      $2,235,000
      90,991 SF

      2620 Hiawassee Rd

      SHOPPING CENTER, STRIP CENTER • 90,991 SF
      2620 Hiawassee Rd, Orlando, FL 32818-3005
      View Details
    • Value Estimation
      $1,905,000
      23,556 SF

      601 Powers Dr

      SHOPPING CENTER, STRIP CENTER • 23,556 SF
      601 Powers Dr, Orlando, FL 32818-7827
      View Details
    • Value Estimation
      $1,785,000
      29,803 SF

      6801 Colonial Dr

      SHOPPING CENTER, STRIP CENTER • 29,803 SF
      6801 Colonial Dr, Orlando, FL 32818-7856
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,720 SF

      Orlando Retail Center on Colonial

      Multi-tenant retail center with strong visibility and upside potential.
      6308 W Colonial Dr, Orlando, FL 32818
      View Details
    • Contact for pricing

      Prime Retail Outparcel Opportunity

      1.06 AC outparcel on Orlando's active retail corridor.
      7468 West Colonial Dr, Orlando, FL 32818
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      161,333 SF

      Grocery Anchored Retail Opportunity

      Retail property anchored by SuperFresh Market, Ollie’s, and TesoLife.
      7038-7300 W Colonial Dr, Orlando, FL 32818
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    • $5,950,000

      Orlando Retail Center on Colonial

      Multi-tenant retail center with high visibility and strong traffic.
      6308 W Colonial Dr, Orlando, FL 32818
      View Details
    • Contact for pricing
      3,630 SF

      Retail Space For Sale

      Retail space available with a 6.00% CAP rate.
      7101 W Colonial Dr, Orlando, FL 32818
      View Details
    • Contact for pricing

      Land Available Near Wawa

      Land for sale or ground lease near Wawa.
      Sec Clarcona Ocoee Rd & Apopka Vineland Rd, Orlando, FL 32818
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space in Retail Center

      Office space available within an active shopping center.
      707 Good Homes Rd, Orlando, FL 32818
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on West Colonial

      Retail space available in a busy Orlando shopping center.
      7038-7264 W Colonial Dr, Orlando, FL 32818
      View Details
    • Contact for pricing

      Retail Space in Sun Plaza

      Save-A-Lot anchored shopping center in Pine Hills area.
      6385 West Colonial Dr, Orlando, FL 32818
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Busy Center

      Retail space available in shopping center with national tenants.
      7311 W Colonial Dr, Orlando, FL 32818
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    • Contact for pricing
      1,500 SF

      Retail Space in The Grove

      Retail space available in a Publix and LA Fitness anchored center.
      4768-4876 S Apopka Vineland Rd, Orlando, FL 32818
      View Details
    • Contact for pricing

      Retail Spaces Available for Rent

      Retail spaces available, ranging from 1,344 to 16,318 SqFt.
      7149 W Colonial Dr, Orlando, FL 32818
      View Details
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    Orlando, FL 32818
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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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