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Property profile & analytics
FOR LEASE
Community centers

902 Lee Rd Orlando, FL 32810

15,488 SF 14.18 ac lot Built 1973
Entity Owned 23-yr Hold ~ Est. High Equity
Property ID
US18-4753801
Property summary
AI-generated overview

Adanson Marketplace, located at 902 Lee Rd in Orlando, Florida (zip code 32810), presents a compelling investment opportunity in a thriving retail environment. This single-story, 175,487 square foot strip center, built in 1973, sits on a generous 43.51 acres of land and is zoned C-2. Currently, there are multiple tenancies, with a total of 3,139 square feet of vacant space available, offering flexible options for prospective tenants ranging from smaller spaces to larger units up to 25,195 square feet. The property's prime location in the Fairview Shores area of Orange County provides excellent visibility and accessibility. Its established presence and substantial size make it an ideal location for a variety of retail businesses seeking to establish or expand their operations. The property's substantial size and existing infrastructure offer significant potential for redevelopment or expansion, catering to the needs of a diverse range of businesses. This is a rare opportunity to acquire a well-positioned retail center with immediate occupancy potential and significant long-term growth prospects. The property's considerable land area also presents possibilities for future development or expansion. Interested parties are encouraged to explore this exceptional opportunity to secure a foothold in a dynamic and growing market.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1973
Total area 15,488 SF
Lot 14.18 ac (617,702 SF)
Zoning code C-2
APN 03-22-29-0000-00-001
UPID US18-4753801
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
  • Walmart Home Services Social Service Agency
  • Walmart Baby & Nursery Services Social Service Agency Community Center
  • KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
  • Walmart Pet Services Kennel & Boarding Facility
  • Ria Money Transfer - Walmart Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.34M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.83M
Blend (final) Blend
$2.09M
Owner & transaction history
Lee Road Partners LP · 23 yrs held
Lee Road Partners LP
since 2002
3 recorded transactions
2019
Price N/A
2002
$4.6M
1998
$3.7M
Zoning & alternative use
C-2 · Orlando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.0M +91.7%
Industrial (general) $1.8M +70.2%
Auto repair, garage $1.7M +62.5%
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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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