Medical Office
For Sale
$450,000
Pending
2836 ENTERPRISE Road, Debary, FL 32713
Commercial Sale, DEBARY, FL
Property Size2,001 SF
Lot Size0.05 Acres
Days on Market167
Property Features for 2836 ENTERPRISE Road
General Information
Property type
Residential
Property subtype
Office
Window features
Blinds
Subdivision
ENTERPRISE MEDICAL CENTER CONDO
Lot features
Central Business District, Landscaped, Paved
Directions
Take I-4 to exit 108-Dirksen Dr / DeBary Ave. Take Dirksen Dr then right on Enterprise Road. Continue 1 mile to 2836 Enterprise Rd located on the left side of the road. Suite 1 is the southern most pace end unit.
Standard status
Pending
APN
26-18-30-18-00-0010
Size
2,001 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT 1 ENTERPRISE MEDICAL CENTER CONDOMINIUM PER OR 4827 PGS 764 THRU 822 INC & PER OR 4991 PG 0636
Tax Annual Amount
5636
Legal Description
UNIT 1 ENTERPRISE MEDICAL CENTER CONDOMINIUM PER OR 4827 PGS 764 THRU 822 INC & PER OR 4991 PG 0636
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2002
Flooring type
Linoleum, Carpet
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
RE/MAX CENTRAL REALTY · RE/MAX International
(407) 333-4400
Listed By:
Gary Berkson · License #348697
(407) 920-0206
Added: Mar 10
Changed: Aug 19
Last Checked: Aug 23 at 10:06AM
MLS# O6388952
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,001-square-foot medical office condominium was built in 2002 and includes a reception and waiting area, administrative office, business office, storage and file room, and three exam rooms. Interior finishes include carpet and linoleum, with central air and electric heating. Block and stucco construction, a shingle roof, public water, and public sewer complete the property’s physical profile.
The suite is located at 2836 Enterprise Road in DeBary, Florida, with prominent street signage along Enterprise Road. The property is positioned near major roadways, residential communities, and surrounding medical and professional offices, providing a defined setting for a healthcare-oriented office user.
The suite is located at 2836 Enterprise Road in DeBary, Florida, with prominent street signage along Enterprise Road. The property is positioned near major roadways, residential communities, and surrounding medical and professional offices, providing a defined setting for a healthcare-oriented office user.
Key Highlights
- 2,001‑square‑foot medical office condominium
- Three exam rooms plus reception and waiting area
- Includes administrative office, business office, and storage/file room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,985
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$599,700
$599.7K
Cap Rate 7%
$428,357
$428.4K
Cap Rate 9%
$333,167
$333.2K
Market Conditions
NOI Build-Up for 2,001 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.2K $21.60/SF
− Vacancy
−$3.2K −$1.62/SF
EGI
$40.0K $19.98/SF
− OpEx
−$10.0K −$5.00/SF
NOI
$30.0K $14.99/SF
Area
Volusia County, FL
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$599,700
Cap Rate 7%
$428,357
Cap Rate 9%
$333,167
Alternative Uses
Best Use
Office B
$428.4K
$374.8K – $499.8K
NOI $29,985 @ 7.0% cap · market cap 6.66%
Second Best
Healthcare Medical
$415.9K
$363.9K – $485.2K
NOI $29,110 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$590.0K
$516.3K – $688.4K
NOI $41,301 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,058
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32713, FL
22,438
Population
10,013
Households
2.2
Avg Household Size
50
Median Age
31%
College-Educated
95%
High-School Grad
19.1 sq mi
ZIP Area
1,175
Density / Sq Mi
$87,354
Median Household Income
$51,733
Median Earnings
$1,479
Median Rent
$306,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured healthcare suite with reception, administrative areas, storage, and three exam rooms.
Where is this medical office space located?
The property is located at 2836 ENTERPRISE Road Debary, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,001‑square‑foot medical office condominium; Three exam rooms plus reception and waiting area; Includes administrative office, business office, and storage/file room
