16123 Colonial DrOakland, FL 34787

Property Details for 16123 Colonial Dr

Year built

2001

Lot size

2.71 AC

Property size (Sq ft)

9,712 SF

Zone code

C-1

Property type

Retail properties

Property subtype

Retail space

APN

20-22-27-6107-00-020

APU

202227610700020

Description

This single-story, 9,721 square foot commercial building, constructed in 2001 and renovated in 2023, offers flexible office and retail space in Oakland, Florida. Located on W Colonial Dr with direct highway frontage, the property boasts high visibility and easy access to major transportation routes, including Highway 50 and the Florida Turnpike. The building features four suites, with two currently vacant, totaling 4,524 contiguous square feet. Individual suites range from 1,884 to 2,411 square feet (approximately) and can be combined. Each suite includes private bathrooms and office areas, plus a storefront entrance. The building is classified as Class B and is zoned for commercial use. A tenant improvement allowance is available. The HVAC system is in good working order. The property is situated in a rapidly growing area, benefiting from ongoing redevelopment and its central location between Winter Garden and Clermont. This presents a unique opportunity for businesses seeking high-profile space in a thriving market. The minimum divisible space is 2,051 square feet, while the maximum contiguous space is 4,524 square feet. The property is located in Orange County, Florida, zip code 34787. This is an "as-is" offering.

• CAP approach

  CAP return

  Valuation

  6%

  $2,812,380

  6.5%

  $2,596,044

  7%

  $2,410,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,843,190

  Geo Method

  $3,843,190

• Alternative Use

  Use

  Valuation

  Residential

  $2,189,860

  Hospitality

  $2,005,900

  Educational

  $1,668,885

  Medical

  $1,726,281

  Retail

  $2,596,044

Location Insight

City

Oakland

County

Orange

State

Florida

Latitude

28.5519

Longitude

-81.6267

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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