Medical Office and Rear-Entry
For Sale
$2,150,000
915 S Orange Avenue ORLANDO, Orlando, FL 32806
For sale on S Orange Ave with 100+ feet of frontage, ample parking, and rear-entry warehouse space plus mezzanine storage.
Property Size7,104 SF
Price / SF$360.74
Days on Market50
Property Features for 915 S Orange Avenue ORLANDO
General Information
Standard status
Active
Size
7,104 SF
Zoning
MU-2/T/SP/
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$19,715
Amenities
1
Appraiser
true
17000
0.39
false
19 to 30 Spaces
Asphalt
Slab
Other
7104
Building Details
Building Size
7,104 SF
Year Built
1947
Buildings
1
Stories
1
Listing Agency:
(904) 569-5862
Listed By:
Martina Jordan
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 5
Changed: Aug 22
Last Checked: Aug 22 at 3:29AM
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 Martina Jordan
Investment Insights
Based on property information with market context.
This property is a former Colonial Medical Supplies building with a rear-entry warehouse layout and ample parking. It features over 100 feet of frontage on S. Orange Avenue for storefront-style presence, and includes 1,200 feet of mezzanine area for storage. The property is currently occupied on a month-to-month basis.
Located at 915 S Orange Avenue in Orlando, the building sits in the SODO District and is within walking distance to Orlando Health–Orlando Regional Medical Center (ORMC). The setup also supports easy regional access with quick routes to I-4 and Hwy 408.
With its front-facing visibility and back-of-house warehouse configuration, the building can support a range of medical, wellness, and high-visibility retail uses. The mezzanine provides additional storage utility, while the rear-entry warehouse space and parking make day-to-day operations more practical for tenant and customer workflows. For buyers, the month-to-month tenancy offers flexibility as they plan their next use.
Located at 915 S Orange Avenue in Orlando, the building sits in the SODO District and is within walking distance to Orlando Health–Orlando Regional Medical Center (ORMC). The setup also supports easy regional access with quick routes to I-4 and Hwy 408.
With its front-facing visibility and back-of-house warehouse configuration, the building can support a range of medical, wellness, and high-visibility retail uses. The mezzanine provides additional storage utility, while the rear-entry warehouse space and parking make day-to-day operations more practical for tenant and customer workflows. For buyers, the month-to-month tenancy offers flexibility as they plan their next use.
Key Highlights
- Single‑story 1947 building with 7,104 total SF on a 0.39‑acre lot
- Over 100 ft of frontage on S. Orange Ave in Orlando’s SODO District
- Rear‑entry warehouse plus 1,200 SF of mezzanine storage included
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
$111,303
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
5.18%
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%
$2,226,060
$2.2M
Cap Rate 7%
$1,590,043
$1.6M
Cap Rate 9%
$1,236,700
$1.2M
Market Conditions
NOI Build-Up for 5,960 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
$178.8K $30.00/SF
− Vacancy
−$30.4K −$5.10/SF
EGI
$148.4K $24.90/SF
− OpEx
−$37.1K −$6.23/SF
NOI
$111.3K $18.67/SF
Area
Orlando, FL
Vacancy
17.00%
Lease Rate
$30.00 /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%
$2,226,060
Cap Rate 7%
$1,590,043
Cap Rate 9%
$1,236,700
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.86M
NOI $111,303 @ 7.0% cap · market cap 5.18%
Second Best
Healthcare Medical
$1.21M
$1.06M – $1.42M
NOI $84,966 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,395 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,560
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32806, FL
26,582
Population
12,529
Households
2.1
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
6.8 sq mi
ZIP Area
3,909
Density / Sq Mi
$86,653
Median Household Income
$54,012
Median Earnings
$1,500
Median Rent
$415,800
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - For sale on S Orange Ave with 100+ feet of frontage, ample parking, and rear-entry warehouse space plus mezzanine storage.
Where is this medical office space located?
The property is located at 915 S Orange Avenue ORLANDO Orlando, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Single‑story 1947 building with 7,104 total SF on a 0.39‑acre lot; Over 100 ft of frontage on S. Orange Ave in Orlando’s SODO District; Rear‑entry warehouse plus 1,200 SF of mezzanine storage included
