Turn-Key Medical Office in
For Sale
$2,889,000
733 S GOLDENROD Rd, Orlando, FL 32822
5,500 SF medical office near Downtown Orlando for sale.
Property Size5,256 SF
Price / SF$525.27
Days on Market129
Property Features for 733 S GOLDENROD Rd
General Information
Standard status
Active
Size
5,256 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$27,189
Building Details
Building Size
5,256 SF
Year Built
2008
Listing Agency:
RE/MAX TOWN CENTRE
(407) 509-6679
Listed By:
Charlie Orden · License #BK3213840
(407) 509-6679
Source:
Elliman
Added: Apr 24
Changed: Aug 24
Last Checked: Aug 29 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX TOWN CENTRE
Investment Insights
Based on property information with market context.
This 5,500 square foot single-story medical office building in Orlando, Florida, is suitable for owner occupancy or investment. The property is configured for two tenants, with 2,740 square feet ready for immediate occupancy. Designed for medical users, the space is in excellent condition and features a monument sign at the entrance, 24-hour access, controlled entry, and a fenced-in lot. There are 64 on-site parking spaces, providing 11.7 spaces per 1,000 square feet. The interior includes laminate plank floors, three restrooms, a lab, and spacious common areas. Each of the two suites has approximately 11 treatment rooms, most equipped with sinks, supporting various medical and clinical uses. The property is located along a major thoroughfare near Downtown Orlando, providing access to major highways, bus routes, and Advent Health East Orlando. The location has a walk score of 56, a bike score of 49, and a transit score of 31.
Key Highlights
- Turn‑key 5,500 sq ft medical office space, with 2,740 sq ft ready for immediate occupancy.
- Ideal for owner‑occupancy or investment, designed specifically for medical users.
- Located near Downtown Orlando with excellent access to major highways, bus routes, and Advent Health East Orlando.
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
$90,387
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
3.13%
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%
$1,807,740
$1.8M
Cap Rate 7%
$1,291,243
$1.3M
Cap Rate 9%
$1,004,300
$1.0M
Market Conditions
NOI Build-Up for 5,500 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
$145.2K $26.40/SF
− Vacancy
−$24.7K −$4.49/SF
EGI
$120.5K $21.91/SF
− OpEx
−$30.1K −$5.48/SF
NOI
$90.4K $16.43/SF
Area
ZIP 32822
Vacancy
17.00%
Lease Rate
$26.40 /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%
$1,807,740
Cap Rate 7%
$1,291,243
Cap Rate 9%
$1,004,300
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,387 @ 7.0% cap · market cap 3.13%
Second Best
Healthcare Medical
$1.21M
$1.06M – $1.41M
NOI $84,704 @ 7.0% cap · market cap 2.93%
Theoretical Best
Specialty Retail
$1.65M
$1.45M – $1.93M
NOI $115,717 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32822, FL
64,120
Population
27,437
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
88%
High-School Grad
13.6 sq mi
ZIP Area
4,715
Density / Sq Mi
$52,944
Median Household Income
$31,368
Median Earnings
$1,609
Median Rent
$222,000
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 5,500 SF medical office near Downtown Orlando for sale.
Where is this medical office space located?
The property is located at 733 S GOLDENROD Rd Orlando, FL.
What is the asking price?
The asking price for this property is $2,889,000.
What are key features of this property?
This property features: Turn‑key 5,500 sq ft medical office space, with **2,740 sq ft ready for immediate occupancy**.; Ideal for owner‑occupancy or investment, designed specifically for medical users.; Located near Downtown Orlando with excellent access to major highways, bus routes, and Advent Health East Orlando.
