16123 Colonial Dr Oakland, FL 34787
- Retail space
- 9,712 SF
- 2.71 lot acres
Current Use by Public Records
- Complete Outdoor Living / Outdoor Furniture Store
Property Details for 16123 Colonial Dr
- Year built
- 2001
- Lot size
- 2.71 lot acres
- Property size
- 9,712 SF
- Zone code
- C-1
- Property type
- Retail space
- APN
- 20-22-27-6107-00-020
- APU
- 202227610700020
Description
This single-story, 9,721 square foot commercial building, constructed in 2001 and renovated in 2023, offers flexible office and retail space in Oakland, Florida. Located on W Colonial Dr with direct highway frontage, the property boasts high visibility and easy access to major transportation routes, including Highway 50 and the Florida Turnpike. The building features four suites, with two currently vacant, totaling 4,524 contiguous square feet. Individual suites range from 1,884 to 2,411 square feet (approximately) and can be combined. Each suite includes private bathrooms and office areas, plus a storefront entrance. The building is classified as Class B and is zoned for commercial use. A tenant improvement allowance is available. The HVAC system is in good working order. The property is situated in a rapidly growing area, benefiting from ongoing redevelopment and its central location between Winter Garden and Clermont. This presents a unique opportunity for businesses seeking high-profile space in a thriving market. The minimum divisible space is 2,051 square feet, while the maximum contiguous space is 4,524 square feet. The property is located in Orange County, Florida, zip code 34787. This is an "as-is" offering.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,905,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,175,000
- 6.5%
- $3,425,000
- 7%
- $3,685,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,830,000
- Geo Method
- $3,680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,515,000
- Retail
- $3,280,000
- Mixed-Use
- $4,135,000
- Hospitality
- $3,400,000
- Educational
- $4,300,000
- Residential Income
- $3,925,000
- Energy
- $3,560,000
- Income-Based Land
- $3,230,000
- Food Service
- $4,025,000
Location Insight
- Map
- Local Demand
- City
- Oakland
- County
- Orange
- State
- Florida
- Longitude
- -81.6267
- Latitude
- 28.5519
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
