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    7480 Colonial Dr Orlando, FL 32818-6747
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    Property profile & analytics

    7480 Colonial Dr, Orlando, FL 32818-6747

    View on Map
    • Turn key restaurants
    • 8,993 SF
    • 1.61 lot acres
    Off-Market
    Last Sale Oct 4, 2024
    $3,350,000
    Property ID
    US18-2344901
    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
    $3,350,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hook & Reel Cajun Seafood & Bar / Restaurant

    Property Details for 7480 Colonial Dr

    Year built
    1998
    Lot size
    1.61 lot acres
    Zone code
    P-D
    Property type
    Turn key restaurants
    APN
    26-22-28-2139-01-000
    APU
    262228213901000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 4, 2024 $3,350,000 Adventist Health Systemsunbelt INC Vemuri LLC Warranty Deed —
    Jan 8, 2020 — Vemuri LLC — Deed · related $950k · Seacoast National Bank
    May 30, 2018 $918,800 Vemuri LLC Rainbow Ventures LLC Grant Deed —
    Jan 4, 2008 — Rainbow Ventures LLC Robertson,jack B Warranty Deed —
    Dec 13, 2007 — Jack B Robertson Robertson Jack B Trust Quit Claim Deed · related —
    Jul 2, 2007 $4,000,000 Robertson Jack B Trust Cnl Net Lease Funding 2003 LLC Grant Deed —
    Dec 22, 2006 $3,476,500 Cnl Net Lease Funding 2003 LLC Logans Roadhouse INC Grant Deed —
    Dec 22, 2006 — Logans Roadhouse INC Cnl Net Lease Funding 2003 LLC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,350,000
      ML approach
      $3,350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,385,000
      Market price range: $2.58M - $7.26M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,445,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Orlando
    County
    Orange
    State
    Florida
    Longitude
    -81.4838
    Latitude
    28.5512
    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
    $26,589
    $1,403,503
    $1,110,647
    $2,514,150
    -
    $1,403,503
    $1,110,647
    $2,514,150

    Comparable in this City

    • Value Estimation
      $610,000
      9,032 SF

      7300 Colonial Dr

      RESTAURANT
      7300 Colonial Dr, Orlando, FL 32818-6745
      View Details
    • Value Estimation by Request
      2,766 SF

      2607 Hiawassee Rd

      RESTAURANT
      2607 Hiawassee Rd, Orlando, FL 32818-3338
      View Details
    • Value Estimation by Request
      2,698 SF

      6611 Colonial Dr

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

      7320 Colonial Dr

      RESTAURANT
      7320 Colonial Dr, Orlando, FL 32818-6503
      View Details
    • Value Estimation
      $625,000
      4,629 SF

      7344 Colonial Dr

      RESTAURANT
      7344 Colonial Dr, Orlando, FL 32818-6503
      View Details
    • Value Estimation by Request
      2,691 SF

      6319 Silver Star Rd

      RESTAURANT
      6319 Silver Star Rd, Orlando, FL 32818-3118
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,468 SF

      Prime Retail Redevelopment Opportunity

      Redevelopment opportunity in a sought-after Orlando retail corridor.
      7468 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
    • 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
    • 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
      View Details
    • Contact for pricing

      Orlando Retail Property For Sale

      Retail property available for purchase in Orlando, Florida.
      2701 N Hiawassee Rd, 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

    Similar Nearby for Lease

    • Contact for pricing
      2,800 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 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
      4,072 SF

      Retail Space in Busy Center

      Retail space available in shopping center with national tenants.
      7454 W Colonial Dr, Orlando, FL 32818
      View Details
    • 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
      View Details
    • Contact for pricing

      Office Space in Retail Center

      Office space available within an active shopping center.
      707 Good Homes Rd, Orlando, FL 32818
      View Details
    • Contact for pricing
      1,095 SF

      Retail Spaces on West Colonial

      Retail spaces available in Orlando's prime retail corridor.
      6404-6448 W Colonial Dr, Orlando, FL 32818
      View Details
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    Orlando, FL 32818-6747
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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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