Technical
Financial
Distress signals
Property profile

14902 E Colonial Dr Orlando, FL 32826

FOR LEASE
Retail space
Property ID
US18-1781774
4,278 SF 1.67 ac lot Built 1985
Entity Owned 22-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.82-acre ± site in Orange County presents a unique redevelopment opportunity. Located on East Colonial Drive, this single-tenant parcel is zoned C-1, offering flexibility for various commercial and residential uses. Its strategic location less than one mile from The Grow, a burgeoning 1,185-acre community encompassing 2,078 homes, 100,000 square feet of commercial space, and a 9-acre farm, ensures high visibility and strong potential for growth. The property's proximity to major retailers like ABC Fine Wine, Dollar Tree, Wawa, ALDI, Papa Johns, Dunkin', Ace Hardware, RaceTrac, and Pet Supermarket, further enhances its appeal. Incentives are available for qualified tenants. Furthermore, its location just 3.5 miles from the University of Central Florida, one of the nation's largest universities with over 68,000 students, provides access to a substantial and diverse population base. This property is ideal for redevelopment, a ground lease, or a build-to-suit project, with a suggested use as a medical marijuana dispensary. The surrounding established commercial landscape and proximity to a rapidly expanding residential community make this a compelling investment opportunity.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Total area 4,278 SF
Lot 1.67 ac (72,781 SF)
Zoning code C-1
APN 24-22-31-0000-00-027
UPID US18-1781774

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Big Box & Wholesale Store Party Supply Store
  • Medical Clinic

Location

14902 E Colonial Dr Orlando, FL 32826
Orlando metro Census 16745 ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$810k
Blend (final) Blend
$650k

Owner & transaction history

since 2004
1 recorded transaction
2004
$337,900

Zoning & alternative use

C-1 · Orlando, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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