Elevator-Served Medical
For Sale
$750,000
OVIEDO, FL 32765, Oviedo, FL 32765
Commercial Sale, OVIEDO, FL
Property Size1,652 SF
Lot Size0.02 Acres
Price / SF$453
Days on Market278
Property Features
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PUD
Window features
Aluminum Frames
Accessibility
Accessible Elevator Installed
Lot features
Sidewalk, Street Lights, Paved
Subdivision
OVIEDO OFFICE PARK A CONDO
Standard status
Active
Size
1,652 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6867
Utilities
Sewer type
Septic Needed
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2008
Floors in Building
1
Building materials
Concrete, Metal Frame, Tilt up Walls
Listing Agency:
RE/MAX TOWN & COUNTRY REALTY · RE/MAX International
(407) 695-2066
Listed By:
Maha Matta, PA · License #674141
(407) 340-6911
Added: Jan 5
Changed: Oct 7
Last Checked: Oct 10 at 11:06AM
MLS# O6371029
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 1,652-square-foot medical office occupies the second floor of a two-story building equipped with an elevator. Built in 2008, the space includes furniture and equipment, and central heating and air conditioning. PUD zoning applies.
The property is off Red Bug Lake Road, with hospitals and SR-417 described as minutes away. The space may be purchased individually or together with units 2010 and 2014, which comprise a package totaling about 4,700 square feet.
The property is off Red Bug Lake Road, with hospitals and SR-417 described as minutes away. The space may be purchased individually or together with units 2010 and 2014, which comprise a package totaling about 4,700 square feet.
Key Highlights
- 1,652‑square‑foot medical office suite
- Second‑floor location in a two‑story elevator building
- Furniture and equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,681
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,620
$493.6K
Cap Rate 7%
$352,586
$352.6K
Cap Rate 9%
$274,233
$274.2K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$39.6K $24.00/SF
− Vacancy
−$6.7K −$4.08/SF
EGI
$32.9K $19.92/SF
− OpEx
−$8.2K −$4.98/SF
NOI
$24.7K $14.94/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,620
Cap Rate 7%
$352,586
Cap Rate 9%
$274,233
Alternative Uses
Best Use
Office B
$352.6K
$308.5K – $411.4K
NOI $24,681 @ 7.0% cap · market cap 3.29%
Second Best
Healthcare Medical
$336.4K
$294.4K – $392.5K
NOI $23,551 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$470.1K
$411.4K – $548.5K
NOI $32,908 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32765, FL
65,228
Population
23,389
Households
2.8
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
39.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$99,161
Median Household Income
$48,595
Median Earnings
$1,870
Median Rent
$418,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-floor space includes furniture and equipment and can be acquired individually or as part of a two-unit package.
Where is this medical office space located?
The property is located at Oviedo, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,652‑square‑foot medical office suite; Second‑floor location in a two‑story elevator building; Furniture and equipment included
