Central Florida Cap Rates
College Park & Mills 50 Cap Rates
College Park and Mills 50 (ViMi) are Orlando's most walkable urban neighborhoods. Independent retail, craft F&B, and adaptive reuse define the commercial landscape. These neighborhoods attract creative tenants and infill multifamily developers.
College Park & Mills 50 Cap Rates by Asset Class
| Asset Class | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Street Retail (Edgewater/Mills) | 5.75% - 7.25% | ↑ Firming | Limited inventory and high tenant demand compress cap rates. |
| Infill Multifamily | 5.0% - 6.0% | ↑ Firming | Walkable urban premium drives pricing. |
| Adaptive Reuse | 7.0% - 9.0% | → Stable | Execution risk reflected in higher cap rates. |
| Small-Bay Flex/Creative | 7.5% - 9.0% | → Stable | Emerging product type for creative office tenants. |
Cap rate ranges are directional estimates based on Central Florida transactional data and are updated quarterly. For deal-specific pricing, contact MaxLife Realty for a current valuation.
What Drives Demand in College Park & Mills 50
- •Edgewater Drive and Mills Avenue — walkable independent retail corridors
- •Strong young professional and creative class demand
- •Infill multifamily and adaptive reuse pipeline
- •Proximity to downtown Orlando and Orlando Health campus
College Park & Mills 50 Cap Rate Outlook
College Park and Mills 50 represent Orlando's best bet for walkable urban CRE investment. Cap rates are firming as demand outpaces the limited supply of quality street retail and infill sites. Adaptive reuse offers upside for investors willing to manage construction and lease-up risk.
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