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    1500 Colonial Dr Orlando, FL 32803-4706
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    Property profile & analytics

    1500 Colonial Dr, Orlando, FL 32803-4706

    View on Map
    • Grocery and convenience stores
    • 32,345 SF
    • 2.39 lot acres
    Off-Market
    Property ID
    US18-4240008
    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
    $5,855,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Amerigas Propane Exchange / Propane Supplier
    • City National Bank - Presto ATM / Atm
    • Publix Super Market at Colonialtown / Specialty Food Shop / Supermarket
    • Publix Pharmacy at Colonialtown / Pharmacy
    • Total Pest control Orlando / Garden Center

    Property Details for 1500 Colonial Dr

    Year built
    1998
    Lot size
    2.39 lot acres
    Zone code
    AC-1/T
    Property type
    Grocery and convenience stores
    APN
    25-22-29-1536-01-070
    APU
    252229153601070

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $8,720,000
      Current use
      INDUSTRIAL (GENERAL)
      $7,585,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.362
    Latitude
    28.5527
    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
    $102,811
    $2,880,441
    $2,981,230
    $5,861,671
    -
    $2,880,441
    $2,981,230
    $5,861,671

    Comparable in this City

    • Value Estimation
      $2,835,000
      17,697 SF

      4022 Colonial Dr

      GROCERY, SUPERMARKET
      4022 Colonial Dr, Orlando, FL 32803-5212
      View Details
    • Value Estimation
      $1,505,000
      5,204 SF

      1600 Colonial Dr

      CONVENIENCE STORE
      1600 Colonial Dr, Orlando, FL 32803-4804
      View Details
    • Value Estimation
      $4,830,000
      23,446 SF

      2415 Colonial Dr

      GROCERY, SUPERMARKET
      2415 Colonial Dr, Orlando, FL 32803-5018
      View Details
    • Value Estimation
      $5,930,000
      28,694 SF

      1500 Mls Ave

      GROCERY, SUPERMARKET
      1500 Mls Ave, Orlando, FL 32803-1848
      View Details
    • Value Estimation
      $1,660,000
      4,097 SF

      3025 Colonial Dr

      CONVENIENCE STORE
      3025 Colonial Dr, Orlando, FL 32803-5005
      View Details
    • Value Estimation
      $995,000
      3,554 SF

      1350 Mls Ave

      CONVENIENCE STORE
      1350 Mls Ave, Orlando, FL 32803-2543
      View Details

    Similar Nearby for Sale

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      3,840 SF

      Free Standing Retail Building

      3,840 SF retail building with high visibility.
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      Versatile Mixed-Use Property in Orlando

      Flexible commercial space near key Orlando locations, ideal for various businesses.
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      Pending

      Mixed-Use Property in Colonialtown/Milk District

      Mixed-use property in a desirable location with ample parking.
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      1,098 SF

      Versatile Commercial Property in Orlando

      Flexible commercial space near key Orlando locations.
      4749 Hargrave St, Orlando, FL 32803
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    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space on Colonial Drive

      Retail space available for lease on East Colonial Drive.
      4600 E Colonial Dr, Orlando, FL 32803
      View Details
    • Contact for pricing
      3,069 SF

      Retail Space on Colonial Drive

      3,069 SF retail space with high traffic volume.
      3021 E Colonial Dr, Orlando, FL 32803
      View Details
    • Contact for pricing
      2,480 SF

      Renovated Retail Space For Rent

      Recently renovated retail space with flexible zoning in Orlando, FL.
      1517 Hillcrest St, Orlando, FL 32803
      View Details
    • Contact for pricing
      1,560 SF

      Retail Space in Colonial Plaza

      Retail space available in historic Orlando shopping center.
      2712 E Colonial Dr, Orlando, FL 32803
      View Details
    • Contact for pricing
      3,118 SF

      Former Bank Branch For Lease

      3,118 SF former bank branch with drive-thru lanes.
      3755 E Colonial Dr, Orlando, FL 32803
      View Details
    • Contact for pricing
      1,833 SF

      Retail Space in Ivanhoe Village

      End-cap retail space with patio in mixed-use development.
      1460 Alden Rd, Orlando, FL 32803
      View Details

    Property Visit Statistics

    • Visits by month
      62.2k
    • Visitors by month
      39.1k
    • Avg Time on site
      20 min
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    Orlando, FL 32803-4706
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    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
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