8431 Colonial DrOrlando, FL 32817

Property Details for 8431 Colonial Dr

Year built

1976

Lot size

0.71 AC

Property size (Sq ft)

6,105 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

13-22-30-3640-02-010

APU

132230364002010

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,132,293

  6.5%

  $1,968,271

  7%

  $1,827,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,641,990

  Geo Method

  $2,415,844

• Alternative Use

  Use

  Valuation

  Residential

  $1,660,310

  Hospitality

  $1,520,835

  Educational

  $1,265,317

  Medical

  $1,308,833

  Retail

  $1,968,271

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5688

Longitude

-81.2726

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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