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Property profile & analytics
FOR SALE
Grocery and convenience stores
827 W Lancaster Rd Orlando, FL 32809
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4468819
For Sale
1 / 40
$2,750,000
827 W Lancaster Rd, Orlando, FL 32809
View Listing →
Property summary
AI-generated overview
This exceptional 5,984 square foot multi-tenant retail property, located at 827 W Lancaster Rd, Orlando, FL 32809, presents a compelling investment opportunity. Situated on a 0.81-acre lot in a high-traffic area near the international airport, this property benefits from approximately 7,000 cars passing daily. The property includes a convenience store, gas station with four pumps and double fiberglass tanks, a nail salon/barber shop, and a breakfast bar/nightclub. Currently operating at 100% occupancy with three active leases, the property boasts a strong Net Operating Income (NOI) of $129,230 and a 4.04% cap rate. The asking price is $3,200,000 ($534.76/sq ft). Built in 1976 and renovated in 1999, the property is zoned C3. Lease terms are currently in place until December 30, 2024, with lease renewal options available. This prime location benefits from its proximity to both industrial and residential areas, ensuring a consistent customer base. The property's diverse tenant mix and high visibility make it an ideal investment for those seeking a stable, high-return asset with significant upside potential. The property offers the potential to renew existing leases, negotiate higher rents, or even launch a new venture. This is a rare opportunity to acquire a well-established, multi-tenant retail property in a prime Orlando location.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1967
Total area
3,264 SF
Lot
0.78 ac (34,086 SF)
Zoning code
C-3
APN
23-23-29-0000-00-151
UPID
US18-4468819
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
-
El Jibarito Latin Cuisine Restaurant
-
Super Star Hair Salon & Spa and Products. Hair Salon Nail Salon
-
Lancaster Gas Gas Station
-
First Community Christian Pntc Church
-
Food Distribution Center - The First Community Christian Pentecostal Church Of God Inc Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Salama Commercial Invs INC · 8 yrs held
Salama Commercial Invs INC
since 2018
6 recorded transactions
Zoning & alternative use
C-3 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$690,000
+213.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Orlando submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orlando submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$690,000
Change: +213% · Conversion: Easy
Blend value · Realmo final
$695k
Range $626k – $765k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$213 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,286
Tax year 2023
Assessed value
$606,053
Assessed 2023
Previous assessed
$442,059
+37.1% YoY
Effective rate
1.37%
On assessed value
Assessed land
$227,013
Assessed improvement
$379,040
Land market value
$227,013
Improvement market value
$379,040
Total market value
$606,053
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
1967
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Rooms
5
Total area
3,264 SF
Lot
0.78 ac (34,086 SF)
Zoning code
C-3
APN
23-23-29-0000-00-151
UPID
US18-4468819
Jurisdiction
ORANGE
Zoning & alternative use
C-3 · Orlando, FL
Zoning C-3 · permitted uses
C-3 · Orlando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orlando. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$690,000
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Lot
0.78 ac
Current owner
From public records · entity-resolved
Salama Commercial Invs INC
Entity
Mailing address
1061 ALVINA LN, OVIEDO, FL 32765-6195
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2025
—
Salama Commercial Investments INC
—
Deed
related
$620,000 · Roi Funding LLC
Mar 19, 2020
—
Salama Coml Invs INC
—
Deed Of Trust
related
$75,000 · Norma S Brown
Jan 19, 2018
$358,800
Salama Commercial Invs INC
Salama Investments INC
Warranty Deed
$35,000 · Norma S Brown
Nov 17, 2008
—
Salama Investments INC
Salama,raouf & Amal
Quit Claim Deed
related
—
Feb 8, 1999
$28,500
Raouf Salama
Mansour Investment INC
Grant Deed
—
—
—
Mansour Investments INC
—
Deed Of Trust
related
$80,000 · Star Enerprises
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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