16123 W Colonial Dr, Oakland, FL 34787
- Retail space
- 9,712 SF
- 2.71 lot acres
Current Use by Public Records
- Complete Outdoor Living / Furniture & Home Goods / Hardware & Home Improvement
Property Details for 16123 W Colonial Dr
- Year built
- 2001
- Lot size
- 2.71 lot acres
- Zone code
- C-1
- Property type
- Retail space
- APN
- 20-22-27-6107-00-020
- APU
- 202227610700020
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 19, 2022 | $3,500,000 | Sri Nilaya Rentals LLC | Fields Motorcars Of Florida INC | Special Warranty Deed | $3M · First Citizens Bank & Trust Co |
| Apr 27, 2020 | — | Fields Motorcars Of Florida INC | Aca & INC | Grant Deed | — |
| Feb 19, 2020 | $15,400 | Fields Motorcars Of Florida INC | Aca & INC | Grant Deed | $1.9M · Bank Of America |
| Feb 5, 2015 | $1,100,000 | Aca & INC | Performance Motorsports INC | Warranty Deed | $550k · Florida Bk/cmrc |
| Jan 5, 2004 | $2,231,800 | Performance Motorist INC | First Team Properties LLC | Quit Claim Deed · related | $1.7M · Wachovia Bank NA |
| Jul 11, 2001 | $839,500 | Colonial Investors East | Mealey-orlando LLC | Grant Deed | — |
| Nov 17, 2000 | $250,000 | Mealey-orlando LLC | Butts,charles S | Grant Deed | — |
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 Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,905,000
- ML approach
- $3,865,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,180,000
- 6.5%
- $2,935,000
- 7%
- $2,725,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,426,000
Market price range: $1.63M - $4.43M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,165,000 Current use
- RESTAURANT
- $4,705,000 Change: +49% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $4,035,000 Change: +28% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,340,000 Change: +6% Conversion: Easy
- AUTO REPAIR, GARAGE
- $3,265,000 Change: +3% Conversion: Difficult
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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
