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    7373 Colonial Dr Orlando, FL 32818-6507

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    Property profile & analytics

    7373 Colonial Dr Orlando, FL 32818-6507

    View on Map
    • Turn key restaurants
    • 9,796 SF
    • 1.44 lot acres
    Off-Market
    Last Sale Aug 13, 2021
    $4,193,400
    Property ID
    US18-4269997
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $4,350,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 7373 Colonial Dr

    Year built
    1992
    Lot size
    1.44 lot acres
    Property size
    9,796 SF
    Zone code
    P-D
    Property type
    Turn key restaurants
    APN
    23-22-28-3581-00-060
    APU
    232228358100060

    Description

    This exceptional 7,909-square-foot retail property, located at 7373 W Colonial Dr in Orlando, Florida, presents a unique investment opportunity. Situated on a 1.44-acre lot in Orange County, this single-tenant building offers complete flexibility for a wide range of commercial uses. Built in 1992, the entire space is currently vacant, providing a blank canvas for a prospective tenant to customize to their specific needs. The property's substantial size allows for ample space for retail displays, storage, or office areas. Its convenient location in Orlando offers excellent visibility and accessibility, ensuring high foot traffic and potential for strong business growth. The property's address is 7373 W Colonial Dr, Orlando, FL 32818. This is a rare opportunity to secure a significant retail space in a thriving Orlando market. The property's size and location make it ideal for a variety of businesses seeking a prominent presence in a high-traffic area. The entire 7,909 square feet is available for lease, providing a substantial footprint for a single tenant. This property is ready for immediate occupancy. Interested parties are encouraged to inquire further to explore the possibilities this exceptional retail space offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,885,000
      ML approach
      $5,020,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,464,000
      Market price range: $2.81M - $7.91M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,840,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.4803
    Latitude
    28.5527
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $36,731
    $1,050,876
    $1,521,784
    $2,572,660
    -
    $1,050,876
    $1,521,784
    $2,572,660

    Comparable in this City

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      9,032 SF

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      2,698 SF

      6611 Colonial Dr

      RESTAURANT • 2,698 SF
      6611 Colonial Dr, Orlando, FL 32818-6823
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    • Value Estimation
      $670,000
      8,064 SF

      7320 Colonial Dr

      RESTAURANT • 8,064 SF
      7320 Colonial Dr, Orlando, FL 32818-6503
      View Details
    • Value Estimation
      $11,365,000
      2,616 SF

      2663 Hiawassee Rd

      RESTAURANT • 2,616 SF
      2663 Hiawassee Rd, Orlando, FL 32818
      View Details
    • Value Estimation
      $2,110,000
      3,444 SF

      7101 Colonial Dr

      RESTAURANT • 3,444 SF
      7101 Colonial Dr, Orlando, FL 32818-6742
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      161,333 SF

      Grocery Anchored Retail Opportunity

      Retail property anchored by SuperFresh Market, Ollie’s, and TesoLife.
      7038-7300 W Colonial Dr, Orlando, FL 32818
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      3,630 SF

      Retail Space For Sale

      Retail space available with a 6.00% CAP rate.
      7101 W Colonial Dr, Orlando, FL 32818
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      Prime Retail Outparcel Opportunity

      1.06 AC outparcel on Orlando's active retail corridor.
      7468 West Colonial Dr, Orlando, FL 32818
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    • Contact for pricing
      28,720 SF

      Orlando Retail Center on Colonial

      Multi-tenant retail center with strong visibility and upside potential.
      6308 W Colonial Dr, Orlando, FL 32818
      View Details
    • $5,950,000

      Orlando Retail Center on Colonial

      Multi-tenant retail center with high visibility and strong traffic.
      6308 W Colonial Dr, Orlando, FL 32818
      View Details
    • Contact for pricing

      Land Available Near Wawa

      Land for sale or ground lease near Wawa.
      Sec Clarcona Ocoee Rd & Apopka Vineland Rd, Orlando, FL 32818
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Retail Space in Busy Center

      Retail space available in shopping center with national tenants.
      7311 W Colonial Dr, Orlando, FL 32818
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      Office Space in Retail Center

      Office space available within an active shopping center.
      707 Good Homes Rd, Orlando, FL 32818
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      Retail Spaces Available for Rent

      Retail spaces available, ranging from 1,344 to 16,318 SqFt.
      7149 W Colonial Dr, Orlando, FL 32818
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on West Colonial

      Retail space available in a busy Orlando shopping center.
      7038-7264 W Colonial Dr, Orlando, FL 32818
      View Details
    • Contact for pricing

      Retail Space in Sun Plaza

      Save-A-Lot anchored shopping center in Pine Hills area.
      6385 West Colonial Dr, Orlando, FL 32818
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in The Grove

      Retail space available in a Publix and LA Fitness anchored center.
      4768-4876 S Apopka Vineland Rd, Orlando, FL 32818
      View Details
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    Orlando, FL 32818-6507
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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