Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11731 Colonial Dr Orlando, FL 32817-4610
    Back to Search
    Property profile & analytics

    11731 Colonial Dr, Orlando, FL 32817-4610

    View on Map
    • Turn key restaurants
    • 13,578 SF
    • 3.64 lot acres
    Off-Market
    Last Sale Aug 15, 2024
    $8,437,522
    Property ID
    US18-8945027
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $7,870,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Golden Corral Buffet & Grill / Restaurant / Buffet
    • TOMS POINT AFTER 70's an 80's / Bar & Pub

    Property Details for 11731 Colonial Dr

    Year built
    2012
    Lot size
    3.64 lot acres
    Zone code
    P-D
    Property type
    Turn key restaurants
    APN
    22-22-31-5749-00-010
    APU
    222231574900010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 15, 2024 $8,437,522 50 South Student Ousing LLC 50 South Porperty Owner LLC Special Warranty Deed · related $60.4M · Goldman Sachs Bank USA
    Nov 1, 2023 — 50 South Property Owner LLC — Deed · related $5.2M · East Colonial LLC
    Jun 8, 2012 — East Colonial LLC East Coast Waffles INC Quit Claim Deed · related —
    Jun 7, 2012 — East Colonial LLC East Coast Waffles INC Quit Claim Deed · related —
    Jan 31, 2011 — East Colonial LLC Metro Corral Partners INC Quit Claim Deed · related —
    Jan 7, 2011 — Metro Corral Partners INC University Inn Ptrs Coc Trustees Deed · related —
    Oct 22, 2010 $174,000 Ri5 Holdings LLC University Inn Partners Ltd Quit Claim Deed · related $154k · University Inn Partners Ltd
    — — University Inn Partners Ltd — Deed Of Trust · related $2.2M · Bank Of The West
    — — East Colonial LLC — Deed Of Trust · related $51M · Regions Bank
    — — University Inn Partners Ltd — Deed Of Trust · related $40k · Bank Of The West

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,737,000
      Market price range: $3.89M - $11.0M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $6,710,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.2092
    Latitude
    28.5681
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $72,523
    $1,996,556
    $3,345,494
    $5,342,050
    -
    $1,996,556
    $3,345,494
    $5,342,050

    Comparable in this City

    • Value Estimation
      $575,000
      7,257 SF

      11764 University Blvd

      RESTAURANT
      11764 University Blvd, Orlando, FL 32817-2123
      View Details
    • Value Estimation by Request
      4,797 SF

      11472 University Blvd

      RESTAURANT
      11472 University Blvd, Orlando, FL 32817-2109
      View Details
    • Value Estimation by Request
      3,651 SF

      12141 Collegiate Way

      RESTAURANT
      12141 Collegiate Way, Orlando, FL 32817-2158
      View Details
    • Value Estimation by Request
      4,311 SF

      9728 Colonial Dr

      RESTAURANT
      9728 Colonial Dr, Orlando, FL 32817-4220
      View Details
    • Value Estimation by Request
      2,205 SF

      11749 Colonial Dr

      RESTAURANT
      11749 Colonial Dr, Orlando, FL 32817-4610
      View Details
    • Value Estimation by Request
      3,203 SF

      12025 Collegiate Way

      RESTAURANT
      12025 Collegiate Way, Orlando, FL 32817-2158
      View Details

    Similar Nearby for Sale

    • $448,500
      1,175 SF

      Turnkey Restaurant on Colonial Drive

      Restaurant with strong fundamentals and expansion potential in Orlando.
      9852 E Colonial Dr, Orlando, FL 32817
      View Details
    • $461,500

      Commercial Condo Near University

      900 SF commercial condo in the UCF submarket.
      3370 Rouse Rd, Orlando, FL 32817
      View Details
    • Contact for pricing

      Second-Gen Restaurant and Retail Suites

      UCF area opportunity with a second-generation restaurant and adjoining retail suites along University Blvd.
      10000-10042 University Blvd, Orlando, FL 32817
      View Details
    • Contact for pricing
      1,175 SF

      Restaurant Opportunity on Colonial Drive

      Turnkey restaurant with high traffic location on East Colonial.
      9852 E Colonial Dr, Orlando, FL 32817
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces ranging from 1,200 to 19,852 SqFt available.
      12100 Collegiate Way, Orlando, FL 32817
      View Details
    • Contact for pricing
      2,600 SF

      Restaurant Space Near UCF

      Second-generation restaurant space available near University of Central Florida.
      10000 University Blvd, Orlando, FL 32817
      View Details
    • New
      Contact for pricing
      2,518 SF

      Retail Space with Boulevard Frontage

      Up to 10,635 SF for lease with direct University Boulevard frontage suited for coffee, dining, medical, or daily needs.
      9048 University Blvd, Orlando, FL 32817
      View Details
    • Contact for pricing

      Drive-Thru Endcap Available For Sublease

      2,900 SF drive-thru endcap near University of Central Florida.
      11891 University Blvd, Orlando, FL 32817
      View Details
    • Contact for pricing
      22,500 SF

      Retail Space on Colonial Drive

      22,500 SF retail space with high traffic frontage.
      11229 E Colonial Dr, Orlando, FL 32817
      View Details

    Property Visit Statistics

    • Visits by month
      24.1k
    • Visitors by month
      519
    • Avg Time on site
      27 min
    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.
    11731 Colonial Dr
    Orlando, FL 32817-4610
    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
    11731 Colonial Dr, Orlando, FL, 32817
    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!