14001 Colonial DrWinter Garden, FL 34787

  • Retail properties
  • 15,792 SF
For Lease

Property Details for 14001 Colonial Dr

Year built
1986
Lot size
17.02 AC
Property size (Sq ft)
15,792 SF
Zone code
C-2
Property type
Retail properties
Property subtype
Community centers
APN
22-22-27-9386-01-000
APU
222227938601000

Description

This ±209,032 square foot, Class B, single-story shopping center is located at 14001 W. Colonial Dr, Winter Garden, FL 34787. The property boasts a strong tenant mix including Aldi, Harbor Freight Tools, Dollar General, and the Orange County Tax Collector. With 25 suites totaling 209,032 square feet, there are currently 3,000 square feet of vacant space available, with individual spaces ranging from 1,367 to 8,850 square feet. The maximum contiguous space available is 3,000 square feet. Situated on a high-traffic 6-lane divided highway (West Colonial Drive/State Road 50), the center sees an estimated 44,000 cars daily. The property benefits from a dense population base, with over 103,000 people residing within a five-mile radius, exhibiting an average household income of $70,500. The center is conveniently located approximately 14 miles from downtown Orlando, providing excellent access to a large consumer base. Currently, the center is 87% leased, presenting a compelling opportunity for retail businesses seeking a prime location in the thriving Winter Garden market. This grocery-anchored center is in the heart of the West Colonial submarket, offering strong visibility and accessibility.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,573,014
    6.5%
    $4,221,244
    7%
    $3,919,726
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,249,141
    Geo Method
    $6,249,141
  • Alternative Use

    Use
    Valuation
    Residential
    $3,560,777
    Hospitality
    $3,261,652
    Educational
    $2,713,657
    Medical
    $2,806,984
    Retail
    $4,221,244
14001 Colonial Dr, Winter Garden, Florida

Location Insight

City
Winter Garden
County
Orange
State
Florida
Latitude
28.5523
Longitude
-81.5938
CBSA code
36740
CBSA name
ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$322,850
$5,929,649
$14,362,846
$20,292,495
-
$5,929,649
$14,362,846
$20,292,495

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