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 Market1098
Property Features for 1501 S Semoran Blvd
General Information
Standard status
Active
Size
27,555 SF
Property subtype
OFFICE
Lease Type
NNN
Additional Details
Business Included
No
Building Details
Tenancy
Single
Listing Agency:
Millenia Partners
(407) 455-2829
Listed By:
Jessica Fleming · License #SL3164262
Source:
Moodyscre
Added: Aug 2, 2023
Changed: Jul 28
Last Checked: Aug 2 at 9:20AM
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 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 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 | $727.5k | $26.40 |
| − Vacancy | −$123.7k | −$4.49 |
| EGI | $603.8k | $21.91 |
| − OpEx | −$150.9k | −$5.48 |
| NOI | $452.8k | $16.43 |
27,555 SF · lease $26.40/SF/yr · vacancy 17.00% · expense 25.00%
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.
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 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
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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
