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Property profile & analytics
FOR SALE
Grocery and convenience stores
1916 W Colonial Dr Orlando, FL 32804
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US19-0872867
For Sale
1 / 61
$2,600,000
1916 W Colonial Dr, Orlando, FL 32804
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1984
Total area
2,781 SF
Lot
0.44 ac (19,171 SF)
Zoning code
AC-2/T
APN
27-22-29-3268-01-010
UPID
US19-0872867
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
-
Citgo Gas Station Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
$900k
Comparable Approach
Comparable
$990k
Blend (final)
Blend
$1.14M
Owner & transaction history
Alrayan Corp · 1 yrs held
Alrayan Corp
since 2025
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
AC-2/T · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Orlando submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orlando submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,125,000
ML approach
$1,075,000
CAP Approach
CAP Return
Estimation
6%
$975,000
6.5%
$900,000
7%
$835,000
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10% · vs last sale $1.38M (Apr 3 2025)
Last sale anchor
$1.38M
Apr 3 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$410 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,583
Tax year 2023
Assessed value
$542,583
Assessed 2023
Previous assessed
$498,910
+8.8% YoY
Effective rate
1.95%
On assessed value
Assessed land
$241,741
Assessed improvement
$300,842
Land market value
$241,741
Improvement market value
$300,842
Total market value
$542,583
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
1984
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
2
Total area
2,781 SF
Lot
0.44 ac (19,171 SF)
Zoning code
AC-2/T
APN
27-22-29-3268-01-010
UPID
US19-0872867
Jurisdiction
ORANGE
Zoning & alternative use
AC-2/T · Orlando, FL
Zoning AC-2/T · permitted uses
AC-2/T · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orlando. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Alrayan Corp
Entity
Mailing address
1916 W COLONIAL DR, ORLANDO, FL 32804-7014
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2025
$1,375,000
Alrayan Corp
Monorom General Services INC
Warranty Deed
$775,000 · Monorom General Services INC
Feb 2, 2005
$810,000
Monorom General Services INC
Johnny-teachen Corp
Warranty Deed
—
Oct 27, 2003
$775,000
Johnny-tea-chen Cor
Phok K Corp
Grant Deed
$520,000 · Fidelity Bank & Trust NA
May 27, 1999
$525,000
Phok K Corp
Gas Kwick INC
Grant Deed
$395,000 · Fidelity Bank Florida
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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