Net-Leased Medical Office
For Sale
Contact for pricing
1501 S Semoran Blvd, Orlando, FL 32822
Single-tenant medical office with clinical build-out, net lease structure, and long-term terms following a redevelopment.
Property Size27,555 SF
Price / SF$399.44
Days on Market1192
Property Features for 1501 S Semoran Blvd
General Information
Standard status
Active
Size
27,555 SF
Property subtype
OFFICE
Lease Type
NNN
Site & Location
Neighborhood
Salisbury
Additional Details
Business Included
No
Building Details
Tenancy
Single
Listing Agency:
Millenia Partners
(407) 370-3211
Listed By:
Jessica Fleming · License #SL3164262
(407) 455-2829
Source:
Moodyscre
Added: Aug 2, 2023
Changed: Oct 26
Last Checked: Nov 4 at 1:53PM
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
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Investment Insights
Based on property information with market context.
This single-tenant medical office property features a clinical build-out and a net lease structure. The offering is described as a brand-new redevelopment, with long-term lease terms indicated as 10+ years, along with an annual escalation range of 3%–5%. A free rent period is also noted as being outside of the rent term.
The property is located at 1501 S Semoran Blvd in Orlando, Florida.
The reported tenant commitment is characterized as long term, with heavy tenant contribution by the tenant indicated in the materials. The summary also notes the tenant is multi-location, and the transaction is presented as a stabilized, single-tenant setup following redevelopment.
The property is located at 1501 S Semoran Blvd in Orlando, Florida.
The reported tenant commitment is characterized as long term, with heavy tenant contribution by the tenant indicated in the materials. The summary also notes the tenant is multi-location, and the transaction is presented as a stabilized, single-tenant setup following redevelopment.
Key Highlights
- Single‑tenant medical office with clinical build‑out
- Net lease structure with 10+ years remaining term
- Free rent period provided outside the rent term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$452,839
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,056,780
$9.1M
Cap Rate 7%
$6,469,129
$6.5M
Cap Rate 9%
$5,031,544
$5.0M
Market Conditions
NOI Build-Up for 27,555 SF
Gross rent
$727.5K $26.40/SF
− Vacancy
−$123.7K −$4.49/SF
EGI
$603.8K $21.91/SF
− OpEx
−$150.9K −$5.48/SF
NOI
$452.8K $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 Rate 5%
$9,056,780
Cap Rate 7%
$6,469,129
Cap Rate 9%
$5,031,544
Alternative Uses
Best Use
Office B
$6.47M
$5.66M – $7.55M
NOI $452,839 @ 7.0% cap · market cap 4.11%
Second Best
Healthcare Medical
$6.06M
$5.30M – $7.07M
NOI $424,369 @ 7.0% cap · market cap 3.86%
Theoretical Best
Specialty Retail
$8.28M
$7.25M – $9.66M
NOI $579,743 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
787
Businesses Nearby
Under-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-tenant medical office with clinical build-out, net lease structure, and long-term terms following a redevelopment.
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 medical office with clinical build‑out; Net lease structure with 10+ years remaining term; Free rent period provided outside the rent term
