Property profile

7649 W Colonial Dr Orlando, FL 32818

FOR LEASE
Strip malls
Property ID
US18-4571141
23,898 SF 7.18 ac lot Built 2001
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Westland Terrace, located at 7649 W Colonial Dr in Orlando, Florida (zip code 32818), presents a prime retail investment opportunity. This multi-tenant strip center boasts a substantial total building area of 252,883 square feet, with a significant 12,000 square feet currently available for lease. The property's strategic location in Orlando offers excellent visibility and accessibility, making it an ideal space for a variety of retail businesses. The existing tenancy is comprised of multiple businesses, creating a vibrant and thriving commercial environment. The available 12,000 square feet provides ample space for expansion or a new tenant looking to establish a strong presence in a high-traffic area. This property is situated at 28.5539802 latitude and -81.4879445 longitude. The property type is retail, specifically a strip center. This presents a unique chance to acquire a substantial portion of a well-established retail center in a dynamic Florida market. The 12,000 square foot space offers significant potential for growth and profitability. Serious inquiries are encouraged to explore this exceptional opportunity further. Detailed property information and lease terms are available upon request.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2001
Total area 23,898 SF
Lot 7.18 ac (312,808 SF)
Zoning code P-D
APN 23-22-28-9200-00-080
UPID US18-4571141

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon
  • Gym & Fitness Center
  • Hotel & Motel Bed & Breakfast
  • Hair Salon
  • Church

Location

7649 W Colonial Dr Orlando, FL 32818
Orlando metro Census 14904 ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.89M
CAP Approach CAP
$7.74M
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.14M

Owner & transaction history

since 2020
Last sale
$5.3M
3 recorded transactions
2022
Price N/A
2020
$5.3M
2013
$4.0M

Zoning & alternative use

P-D · Orlando, FL
Top alternative use upside
Commercial (general) $5.2M +221.5%
Office building $4.4M +174.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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