5076 North Ln Orlando, FL 32808
- Lifestyle centers
- 21,600 SF
- 1.88 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 5076 North Ln
- Year built
- 1986
- Lot size
- 1.88 lot acres
- Property size
- 21,600 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This Orlando, FL shopping center presents a compelling value-add opportunity. The 21,600 square foot, single-story Class B property, built in 1986 and renovated in 2020, sits on a 1.88-acre lot and features 11 units currently occupied at 79.6%. Nine tenants generate a current NOI of $198,258, with a pro-forma NOI of $293,052 projected. The asking price is $2,904,000 ($134.44/sq ft), representing a 6.83% cap rate and a pro-forma cap rate of 10.09%. Significant upside potential exists due to a 20.4% vacancy rate, compared to a 3.5% market average, and below-market average rents of $16.30/sq ft (market average $29.48/sq ft). The property benefits from a prime location near major retailers like Walmart, 7-Eleven, and Walgreens, ensuring high visibility and traffic. Lease options and fee simple ownership are available. The property's 2020 roof replacement minimizes future capital expenditure needs. This investment offers a strong cash-on-cash return based on potential lease-up and operational improvements.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orlando
- County
- Orange
- State
- Florida
- Longitude
- -81.4504295
- Latitude
- 28.5959476
