Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Colonial Dr Orlando, FL 32828
    Back to Search
    Property profile & analytics

    Colonial Dr Orlando, FL 32828

    View on Map
    • Retail properties & Spaces
    • 10,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Colonial Dr

    Property size
    10,000 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional opportunity presents a vacant 10,000 square foot retail space, ideally suited for a car dealership. Located on Colonial Drive in Orlando, Florida, 32828, this property boasts a prime location offering high visibility and accessibility, ensuring a steady flow of potential customers. The asking price is $350,000, translating to a price per square foot of $35. The property's strategic placement within the heart of Orlando positions it to capitalize on the city's robust automotive market and high traffic volume. The vacant status allows for complete customization and adaptation to the specific needs of a new car dealership operation. This presents a unique chance for an investor to establish or relocate a thriving business in a dynamic and desirable area. The property's size and location make it an attractive investment for entrepreneurs seeking to establish a strong presence in the Orlando automotive sector. This is a turnkey opportunity to acquire a well-positioned retail space ready for immediate occupancy and development. The property is situated in Orange County, Florida, and its coordinates are 28.5589295 latitude and -81.1581372 longitude. This offering does not include the business assets of any previously operating dealership. The property is ready for immediate development and occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.1581
    Latitude
    28.5589

    Comparable in this City

    • Value Estimation by Request
      25,150 SF

      464 Alafaya Trl

      Individual retail properties • 25,150 SF
      464 Alafaya Trl, Orlando, FL 32828
      View Details
    • Value Estimation by Request
      701,950 SF

      & I-408 Alafaya Trl

      Restaurants • 701,950 SF
      & I-408 Alafaya Trl, Orlando, FL 32828
      View Details
    • Value Estimation by Request
      64,986 SF

      19211-19247 Dl Mabry Hwy

      Retail properties & Spaces • 64,986 SF
      19211-19247 Dl Mabry Hwy, Orlando, FL 32828
      View Details
    • Value Estimation by Request
      5.11 Acres

      Avalon Park E Blvd

      PARKING LOT • 5.11 Acres
      Avalon Park E Blvd, Orlando, FL 32828
      View Details
    • Value Estimation
      $4,060,000
      8,076 SF

      1434 Alafaya Trl

      RESTAURANT • 8,076 SF
      1434 Alafaya Trl, Orlando, FL 32828-6080
      View Details
    • Value Estimation
      $1,485,000
      11,578 SF

      2842 Alafaya Trl

      RETAIL STORES (PERSONAL SERVICES) • 11,578 SF
      2842 Alafaya Trl, Orlando, FL 32828-7967
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Starbucks with Drive-Thru

      New Starbucks in Orlando with long-term lease and drive-thru.
      1928 S Alafaya Trl, Orlando, FL 32828
      View Details
    • $3,800,000
      3,200 SF

      Orlando Amscot NNN Investment Property

      Long-term single tenant Amscot property in Orlando, Florida.
      11803 E Colonial Dr, Orlando, FL 32828
      View Details
    • $185,500
      1,200 SF

      Restaurant Business in Avalon Park

      Established restaurant business for sale with high traffic.
      3564 Avalon Park Blvd, Orlando, FL 32828
      View Details
    • $559,000

      Large Land Parcel with Ponds

      Over 12.5 acres with ponds, trails, and privacy.
      953 Baron Rd, Orlando, FL 32828
      View Details
    • $2,000,000

      Land Near Educational Institutions

      Land suitable for medical, office, or retail development.
      940 South Avalon Park Blvd, Orlando, FL 32828
      View Details
    • $245,990
      2.60 Acres

      Vacant Land with Pond View

      2.6 acres of land in Orlando, Florida.
      805 Baron Rd, Orlando, FL 32828
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease in Orlando, Florida.
      12301 Lake Underhill Rd, Orlando, FL 32828
      View Details
    • Contact for pricing

      Retail Space Near Waterford Lakes

      Retail space with high traffic and convenient access.
      1942 S Alafaya Trl, Orlando, FL 32828
      View Details
    • Contact for pricing
      2,777 SF

      Retail Space Near University

      Retail space in Publix-anchored center near UCF.
      4250 Alafaya Trl, Orlando, FL 32828
      View Details
    • Contact for pricing
      4,910 SF

      Orlando Retail Space For Rent

      Retail space available in a premier Orlando lifestyle center.
      775-789 N Alafaya Trl, Orlando, FL 32828
      View Details
    • Contact for pricing
      2,500 SF

      Prime Retail Space in Orlando

      High-traffic retail space in a top-ranked lifestyle center.
      547-549 N Alafaya Trl, Orlando, FL 32828
      View Details
    • Contact for pricing
      25,090 SF

      Retail Space Available for Lease

      Retail spaces available near HWY 50 & Alafaya Trail intersection.
      1440 N Alafaya Trl, Orlando, FL 32828
      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.
    Colonial Dr
    Orlando, FL 32828
    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
    Colonial Dr, Orlando, FL, 32828
    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!