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Property profile & analytics
FOR SALE
Grocery and convenience stores

8431 E Colonial Dr Orlando, FL 32817

6,105 SF 0.71 ac lot Built 1976
Entity Owned 25-yr Hold ~ Est. High Equity
Property ID
US18-1102470
Property summary
AI-generated overview

This exceptional Orlando investment opportunity features a fully operational gas station and convenience store with a second tenant, a grocery store with a full kitchen. Located on a high-traffic corner lot at the first exit off Highway 417 onto Colonial Drive, this property boasts over 45,000 average daily vehicles passing by. The 4,235 square foot building sits on a 0.71-acre lot and includes 11 parking spaces. The gas station features 8 pumps (4 double-sided) with 3 fuel grades and 1 diesel pump, updated credit card payment systems, and energy-efficient LED lighting. Double-walled gas tanks ensure environmental compliance. The property benefits from a Triple Net Lease (NNN) with two tenants, providing a stable income stream. The convenience store occupies 1,693 square feet, and the grocery store/mini-mart with a full kitchen occupies 2,542 square feet. Additional revenue streams include an ATM and lottery sales. The property underwent recent upgrades, including a new roof and exterior paint in 2024. This 100% occupied, multi-tenant property offers a 4.50% cap rate and is priced at $2,270,000 ($536.01/sq ft). The current lease terms have one year remaining. Built in 1976, this single-story building presents a strong value-add investment opportunity with immediate returns and long-term growth potential.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1976
Total area 6,105 SF
Lot 0.71 ac (30,718 SF)
Zoning code C-1
APN 13-22-30-3640-02-010
UPID US18-1102470
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.26M
Owner & transaction history
Evolution Motorsport INC · 25 yrs held
Evolution Motorsport INC
since 2001
2 recorded transactions
2001
$570,000
2000
$475,000
Zoning & alternative use
C-1 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $2.1M +402.4%
Office building $1.4M +230.8%
Commercial (general) $1.1M +175.5%
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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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