Net-Lease Medical Office
For Sale
$11,006,543
1501 S Semoran Blvd, Orlando, FL 32807
Single-tenant medical office with clinical buildout, brand-new redevelopment, and long-term net lease.
Property Size27,555 SF
Days on Market139
Property Features for 1501 S Semoran Blvd
General Information
Standard status
Active
Size
27,555 SF
Class
A
Property subtype
Medical/Healthcare
Lease Type
NNN
Building Details
Building Size
27,555 SF
Year Built
1974
Tenancy
Single
Listing Agency:
Millenia Partners
(407) 455-2829
Listed By:
Jessica Fleming · License #SL3164262
(407) 455-2829
Source:
Thebrokerlist
Added: Mar 18
Changed: Jul 21
Last Checked: Jul 21 at 11:46PM
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 Millenia Partners
Investment Insights
Based on property information with market context.
This single-tenant medical office is presented as a clinical build-out net lease with a long-term structure of 10+ years. The offering includes a brand-new redevelopment and notes a free rent period that is outside of the rent term. Lease economics referenced in the remarks include 3%–5% annual escalations, and the tenant is described as providing a heavy tenant improvement contribution.
The property is located at 1501 S Semoran Blvd in Orlando, with frontage along South Semoran Blvd and an intersection with Curry Ford Road. The remarks position the asset within the Semoran growth corridor and highlight convenient access to Orlando International Airport, Downtown Orlando, and Lake Nona Medical City.
The materials also indicate a single tenant and a multi-location tenant profile.
The property is located at 1501 S Semoran Blvd in Orlando, with frontage along South Semoran Blvd and an intersection with Curry Ford Road. The remarks position the asset within the Semoran growth corridor and highlight convenient access to Orlando International Airport, Downtown Orlando, and Lake Nona Medical City.
The materials also indicate a single tenant and a multi-location tenant profile.
Key Highlights
- Single‑tenant clinical build‑out medical office (STNL) built in 1974
- Long‑term net lease with a 10+ year term and a free‑rent period outside the rent term
- 3%–5% annual rent escalations
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $826.7k | $30.00 |
| − Vacancy | −$140.5k | −$5.10 |
| EGI | $686.1k | $24.90 |
| − OpEx | −$171.5k | −$6.23 |
| NOI | $514.6k | $18.67 |
27,555 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.35M
$6.43M – $8.58M
NOI $514,590 @ 7.0% cap · market cap 4.68%
Second Best
Healthcare Medical
$5.61M
$4.91M – $6.55M
NOI $392,824 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$8.88M
$7.77M – $10.36M
NOI $621,350 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32807, FL
34,384
Population
13,906
Households
2.5
Avg Household Size
36
Median Age
25%
College-Educated
86%
High-School Grad
8.4 sq mi
ZIP Area
4,093
Density / Sq Mi
$59,583
Median Household Income
$32,667
Median Earnings
$1,471
Median Rent
$247,700
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 - Single-tenant medical office with clinical buildout, brand-new redevelopment, and long-term net lease.
Where is this medical office space located?
The property is located at 1501 S Semoran Blvd Orlando, FL.
What is the asking price?
The asking price for this property is $11,006,543.
What are key features of this property?
This property features: Single‑tenant clinical build‑out medical office (STNL) built in 1974; Long‑term net lease with a 10+ year term and a free‑rent period outside the rent term; 3%–5% annual rent escalations
