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Property profile & analytics
OFF-MARKET Estimated value $3,200,000
Retail space

670 Lee Rd Orlando, FL 32810-5610

12,792 SF 2.32 ac lot Built 1998
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-4838318
Property summary
AI-generated overview

This exceptional investment opportunity presents a 12,792-square-foot West Marine storefront located at 670 Lee Rd, Orlando, FL 32810. The property sits on a 2.32-acre lot and boasts a prominent, signalized corner location with high visibility and daily traffic counts exceeding 43,500 vehicles. The property benefits from its proximity to Interstate 4 (165,500 VPD) and is strategically positioned near major employment hubs, including Orlando's Central Business District (five miles north) and Maitland Center (one mile south). The single-tenant, absolute NNN lease with West Marine, a national retailer with over 240 stores, features a corporate guarantee and a remaining lease term of 5.5 years, extending to May 31, 2030, with two five-year renewal options. Rent bumps are included, with a 5% increase in base options. The property's strong financial performance is reflected in its 6.75% cap rate and a Net Operating Income (NOI) of $223,601. Built in 1998, this one-story building offers 100% occupancy since February 1, 2012. The asking price is $3,312,607, translating to a price per square foot of $258.96. This investment is situated in a high-growth area within a major tourist destination, attracting over 70 million visitors annually, and benefits from Florida's no-income-tax environment. The tenant's strong financial backing and long-term lease provide a secure and attractive investment opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Total area 12,792 SF
Lot 2.32 ac (100,862 SF)
Zoning code C-2
APN 02-22-29-0000-00-003
UPID US18-4838318
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
  • West Marine Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.87M
Comparable Approach Comparable
$4.26M
Blend (final) Blend
$3.20M
Owner & transaction history
Clear Channel Outdoor LLC · 2 yrs held
Clear Channel Outdoor LLC
since 2023
Last sale
$3.1M
1 recorded transaction
2023
Price N/A
Zoning & alternative use
C-2 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $4.3M +31.2%
Office building $4.1M +24.5%
Commercial (general) $3.8M +18.0%
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