4702 Colonial DrOrlando, FL 32808

Property Details for 4702 Colonial Dr

Year built

1957

Lot size

0.51 AC

Property size (Sq ft)

1,894 SF

Zone code

C-3

Property type

Retail properties

Property subtype

Retail space

APN

29-22-29-9160-02-010

APU

292229916002010

Description

This exceptional investment opportunity presents a 1,300 square foot storefront property located at 4702 W Colonial Dr, Pine Hills, FL 32808, in Orange County. The property boasts a 10-year NNN lease (commencing July 1, 2022, and expiring June 30, 2032), with 7.6 years remaining, and features two separate income-producing parcels occupied by a well-established auto dealership. The asking price is $1,285,000, offering a compelling 6.30% cap rate and a current Net Operating Income (NOI) of $80,378. The property underwent complete renovations in 2022, including a new roof and HVAC system. The lease includes a beneficial 3% annual rent increase. The landlord is responsible for roof and structure maintenance

• CAP approach

  CAP return

  Valuation

  6%

  $617,687

  6.5%

  $570,173

  7%

  $529,446

• Comparable approach

  Method

  Valuation

  Relative Method

  $749,485

  Geo Method

  $749,485

• Alternative Use

  Use

  Valuation

  Residential

  $480,962

  Hospitality

  $440,559

  Educational

  $366,540

  Medical

  $379,145

  Retail

  $570,173

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5522

Longitude

-81.4411

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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