Free-Standing Medical Office
For Sale
Contact for pricing
954 Lake Baldwin Ln, Orlando, FL 32814
Free-standing medical office features a large patient lobby and 13 exam rooms with sinks.
Property Size3,437 SF
Price / SF$487.34
Days on Market695
Property Features for 954 Lake Baldwin Ln
General Information
Standard status
Active
Size
3,437 SF
Property subtype
OFFICE
Amenities
large lobby
13 exam rooms
2 showers & hydrotherapy room
high-end finishes
wood floors
10’+ ceilings
8’ tall solid core doors
private owner/physician exit
ADA ramp
building signage
Listing Agency:
City Commercial
(407) 644-2489
Listed By:
Lee Zerivitz
(407) 929-3598
Source:
Moodyscre
Added: Oct 16, 2024
Changed: Aug 15
Last Checked: Sep 9 at 11:42AM
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 City Commercial
Investment Insights
Based on property information with market context.
This free-standing medical/office building is in immaculate condition and designed for an efficient patient experience. The layout includes a large lobby with traditional patient check-in and check-out, 13 exam rooms with sinks, and amenities such as two showers and a hydrotherapy room. The interior features high-end finishes, wood floors, and 10+ foot ceilings, with 8’ tall solid core doors and a dedicated ADA ramp in place. A private owner/physician exit supports controlled access, and building signage is available.
The property offers ample parking and is positioned among professional uses in Baldwin Park.
Operational flexibility is reflected in the current configuration, with potential for a two-user setup supported by two separate electric meters.
The property offers ample parking and is positioned among professional uses in Baldwin Park.
Operational flexibility is reflected in the current configuration, with potential for a two-user setup supported by two separate electric meters.
Key Highlights
- Free‑standing medical/office building with large patient lobby and traditional patient check‑in/out area
- 13 exam rooms with sinks, plus 2 showers and a dedicated hydrotherapy room
- High‑end interior finishes including wood floors and 10'+ ceilings
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
$64,186
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
3.83%
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%
$1,283,720
$1.3M
Cap Rate 7%
$916,943
$916.9K
Cap Rate 9%
$713,178
$713.2K
Market Conditions
NOI Build-Up for 3,437 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
$103.1K $30.00/SF
− Vacancy
−$17.5K −$5.10/SF
EGI
$85.6K $24.90/SF
− OpEx
−$21.4K −$6.23/SF
NOI
$64.2K $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%
$1,283,720
Cap Rate 7%
$916,943
Cap Rate 9%
$713,178
Alternative Uses
Best Use
Office B
$916.9K
$802.3K – $1.07M
NOI $64,186 @ 7.0% cap · market cap 3.83%
Second Best
Healthcare Medical
$700.0K
$612.5K – $816.6K
NOI $48,998 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.11M
$968.8K – $1.29M
NOI $77,502 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,435
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32814, FL
9,218
Population
4,533
Households
2
Avg Household Size
35
Median Age
81%
College-Educated
100%
High-School Grad
1.2 sq mi
ZIP Area
7,682
Density / Sq Mi
$129,712
Median Household Income
$67,578
Median Earnings
$2,224
Median Rent
$751,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- PetSmart Veterinary Services - Orlando (Fashion Square Mall) — 3232 E Colonial Dr, Orlando, FL 32803
- Banfield Pet Hospital — 4900 E Colonial Dr, Orlando, FL 32803
- Animal Hospital at Baldwin Park — 946 Lake Baldwin Ln, Orlando, FL 32814
Frequently Asked Questions
What type of property is this?
Medical Office Space - Free-standing medical office features a large patient lobby and 13 exam rooms with sinks.
Where is this medical office space located?
The property is located at 954 Lake Baldwin Ln Orlando, FL.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Free‑standing medical/office building with large patient lobby and traditional patient check‑in/out area; 13 exam rooms with sinks, plus 2 showers and a dedicated hydrotherapy room; High‑end interior finishes including wood floors and 10'+ ceilings
