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Property profile & analytics
OFF-MARKET Estimated value $3,540,000
Retail space

16123 Colonial Dr Oakland, FL 34787-9471

9,712 SF 2.71 ac lot Built 2001
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US18-3466933
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2001
Total area 9,712 SF
Lot 2.71 ac (118,140 SF)
Zoning code C-1
APN 20-22-27-6107-00-020
UPID US18-3466933
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Complete Outdoor Living Furniture & Home Goods Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.87M
CAP Approach CAP
$2.94M
Comparable Approach Comparable
$4.43M
Blend (final) Blend
$3.54M
Owner & transaction history
Sri Nilaya Rentals LLC · 3 yrs held
Sri Nilaya Rentals LLC
since 2022
Last sale
$3.5M
7 recorded transactions
2022
$3.5M
2020
Price N/A
2020
$15,400
2015
$1.1M
2004
$2.2M
2001
$839,500
2000
$250,000
Zoning & alternative use
C-1 · Oakland, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $4.7M +48.7%
Industrial (general) $4.0M +27.6%
Commercial (general) $3.3M +5.5%
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