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Hoffner Commerce Center provides an excellent opportunity for investors to come in and immediately make rental income. The property provides an excellent opportunity as a value-add investment in a few ways. An investor can (1) come in and convert the current mix of NNN and Gross Leases to all NNN leases and/or (2) lease out the vacant units of around 16.6% of the GLA. The subject property also features vacant land of about 10 acres. The property is located on highly traveled South Semoran Boulevard, just minutes from Orlando International Airport (MCO), providing easy access to users and prominent frontage on a busy road. With the growth this area is seeing from Orlando International Airport (MCO), Lake Nona, and Narcoossee, this property is a developers dream with the multitude of options to build from. Current and future use zoning allow for an Industrial Park with a FAR of up to 0.7.
Month | Payment | Principal | Interest | Total Interest | Balance |
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$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
Total Population | 13,377 | 109,794 | 231,612 | |
Population Median Age | 36 | 38 | 38 | |
Population by Age | 0-9 Yrs | 1622 (12%) | 13210 (12%) | 27085 (11%) |
10-19 Yrs | 1931 (14%) | 11825 (10%) | 25032 (10%) | |
20-29 Yrs | 1839 (13%) | 16232 (14%) | 34026 (14%) | |
30-39 Yrs | 1968 (14%) | 18746 (17%) | 39544 (17%) | |
40-49 Yrs | 2241 (16%) | 14139 (12%) | 30379 (13%) | |
50-59 Yrs | 1559 (11%) | 14174 (12%) | 30581 (13%) | |
60-69 Yrs | 1354 (10%) | 11522 (10%) | 24423 (10%) | |
70+ Yrs | 864 (6%) | 9945 (9%) | 20543 (8%) | |
Median HH Income | $40,574 | $48,915 | $54,036 | |
Total Household Income | < 24K | 1246 (25%) | 9222 (22%) | 16930 (20%) |
25-49K | 1692 (34%) | 11576 (28%) | 22195 (26%) | |
50-74K | 1033 (21%) | 8124 (19%) | 16614 (19%) | |
75-99K | 443 (9%) | 4427 (10%) | 9978 (11%) | |
100-199K | 348 (7%) | 5778 (14%) | 14557 (17%) | |
200K+ | 131 (2%) | 1547 (3%) | 4219 (4%) | |
Highest Education Level | No Diploma | 1188 | 8512 | 18843 |
Diploma or GED | 3008 | 22857 | 46343 | |
Some College | 1761 | 14472 | 29592 | |
Assoc. Degree | 991 | 9480 | 18924 | |
Bachelors Degree | 1346 | 15503 | 35210 | |
Higher Degree | 553 | 6553 | 15868 | |
Total Housing Units | 5,494 | 45,851 | 95,740 | |
--Owner-Occupied | 2,282 | 20,820 | 46,973 | |
--Renter-Occupied | 2,610 | 19,853 | 37,519 | |
Owner-Occupied Values | < 100K | 929 | 4514 | 7044 |
100-199K | 743 | 6485 | 14669 | |
200-299K | 448 | 5138 | 13248 | |
300-399K | 106 | 2701 | 6507 | |
400-499K | 1 | 728 | 2289 | |
500K+ | 56 | 1255 | 3217 | |
Total Working Age Population | 10,534 | 88,785 | 187,786 | |
In Work Force | 6,769 | 58,450 | 126,137 | |
Not In Work Force | 3,765 | 30,334 | 61,649 | |
Workforce Employed | 6,322 | 55,625 | 119,832 | |
Workforce Unemployed | 447 | 2,749 | 6,153 | |
Civlian Workforce | 6,769 | 58,375 | 125,985 | |
Military Workforce | 0 | 76 | 153 | |
Total Households | 4,893 | 40,674 | 84,492 | |
Family Households | 3,214 | 25,523 | 53,633 | |
Non-Family Households | 1,679 | 15,150 | 30,859 | |
Married Couple | 1,691 | 16,253 | 36,070 | |
Other Family | 1,522 | 9,270 | 17,564 | |
Married w/Child | 676 | 6,170 | 13,935 | |
Single Male w/Child | 202 | 1,138 | 2,265 | |
Single Female w/Child | 772 | 3,883 | 6,958 |
Population Change Last Two Decades - Plus Projection
2000 | % | 2010 | % | 2020 | % | 2030 | |
---|---|---|---|---|---|---|---|
Florida | 15,982,378 | +18 | 18,801,310 | +14 | 21,517,610 | +13 | 24,340,457 |
Lake County | 210,528 | +41 | 297,052 | +21 | 360,739 | +21 | 437,201 |
Orange County | 896,344 | +28 | 1,145,956 | +24 | 1,415,511 | +20 | 1,693,977 |