6013 Colonial DrOrlando, FL 32807

Property Details for 6013 Colonial Dr

Year built

1971

Lot size

0.49 AC

Property size (Sq ft)

9,377 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Retail space

APN

22-22-30-0000-00-174

APU

222230000000174

Description

This exceptional 9,377 square foot storefront property, located at 6013 East Colonial Drive in Orlando, Florida, presents a compelling investment opportunity. The property boasts a strong 8.40% cap rate and a current NOI of $193,200. The building comprises 3,854 square feet of retail space and 5,523 square feet of warehouse space, recently renovated in 2017. Situated on a 0.5-acre lot, the property benefits from over 200 feet of frontage on East Colonial Drive, a high-traffic area with over 40,000 cars passing daily. Adding to its appeal is a consistent annual billboard revenue of $12,217. Currently operating at 100% occupancy with a single tenant under a NNN lease, the sale includes a one-year sale-leaseback agreement. The seller is motivated to sell due to the need for a larger facility to accommodate business expansion. The property is zoned C-1 and C-2, offering flexibility for future uses. The asking price is $2,300,000, translating to a price per square foot of $245.28. This is a rare opportunity to acquire a high-performing retail property in a prime Orlando location with significant upside potential. The property features one grade-level door for convenient access.

• CAP approach

  CAP return

  Valuation

  6%

  $3,275,104

  6.5%

  $3,023,174

  7%

  $2,807,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,710,625

  Geo Method

  $3,710,625

• Alternative Use

  Use

  Valuation

  Residential

  $2,550,160

  Hospitality

  $2,335,933

  Educational

  $1,943,469

  Medical

  $2,010,308

  Retail

  $3,023,174

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.5608

Longitude

-81.3065

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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