5701 Edgewater Dr Orlando, FL 32810
- Strip malls
- 4,468 SF
- 8.17 lot acres
Current Use by Public Records
- Styled Just Wright Hair Salon / Hair Salon / Eyelash Salon
- Galaxy Fireworks / Fireworks Store
Property Details for 5701 Edgewater Dr
- Year built
- 1984
- Lot size
- 8.17 lot acres
- Property size
- 4,468 SF
- Zone code
- C-2
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 04-22-29-0000-00-030
- APU
- 42229000000030
Description
Forest Edge Plaza, a 69,615 square foot shopping center in Orange County, presents a compelling investment opportunity. This multi-tenant property, built in 1984, boasts a strong tenant roster including national brands like AutoZone, Octapharma, Jackson Hewitt, and Rodriguez Liquidation, ensuring a stable income stream. Currently, there is 1,000 square feet of readily available retail space, ideal for expansion or new tenancy. The center enjoys a highly visible corner location at the signalized intersection of Forest City Road and Edgewater Drive, providing excellent exposure to high traffic volume. Its strategic location offers easy access to Interstate 4, Downtown Orlando, and Highway 441, maximizing accessibility for both tenants and customers. The property's size and established tenant base make it an attractive option for investors seeking a stable, high-traffic retail investment in a prime Orange County location. The existing tenants represent a diverse range of businesses, contributing to a robust and resilient tenant mix. This opportunity allows for immediate income generation from the vacant space, while benefiting from the established success of the existing tenants. The property's proximity to major transportation arteries ensures convenient access for customers and employees alike.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,780,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,370,000
- 6.5%
- $4,260,000
- 7%
- $4,445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,965,000
- Geo Method
- $4,135,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,645,000
- Retail
- $3,330,000
- Mixed-Use
- $4,465,000
- Hospitality
- $4,185,000
- Educational
- $3,640,000
- Residential Income
- $3,250,000
- Energy
- $3,810,000
- Income-Based Land
- $3,905,000
- Food Service
- $4,475,000
Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Orange
- State
- Florida
- Longitude
- -81.4136
- Latitude
- 28.6104
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
