827 Lancaster RdOrlando, FL 32809

Property Details for 827 Lancaster Rd

Year built

1967

Lot size

0.78 AC

Property size (Sq ft)

3,264 SF

Zone code

C-3

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

23-23-29-0000-00-151

APU

232329000000151

Description

This exceptional 5,984 square foot multi-tenant retail property, located at 827 W Lancaster Rd, Orlando, FL 32809, presents a compelling investment opportunity. Situated on a 0.81-acre lot in a high-traffic area near the international airport, this property benefits from approximately 7,000 cars passing daily. The property includes a convenience store, gas station with four pumps and double fiberglass tanks, a nail salon/barber shop, and a breakfast bar/nightclub. Currently operating at 100% occupancy with three active leases, the property boasts a strong Net Operating Income (NOI) of $129,230 and a 4.04% cap rate. The asking price is $3,200,000 ($534.76/sq ft). Built in 1976 and renovated in 1999, the property is zoned C3. Lease terms are currently in place until December 30, 2024, with lease renewal options available. This prime location benefits from its proximity to both industrial and residential areas, ensuring a consistent customer base. The property's diverse tenant mix and high visibility make it an ideal investment for those seeking a stable, high-return asset with significant upside potential. The property offers the potential to renew existing leases, negotiate higher rents, or even launch a new venture. This is a rare opportunity to acquire a well-established, multi-tenant retail property in a prime Orlando location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,318,705

  6.5%

  $1,217,266

  7%

  $1,130,319

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,291,616

  Geo Method

  $1,291,616

• Alternative Use

  Use

  Valuation

  Residential

  $1,026,810

  Hospitality

  $940,552

  Educational

  $782,528

  Medical

  $809,441

  Retail

  $1,217,266

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.4657

Longitude

-81.3905

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.