Medical Office Suite with Exam
For Sale
Contact for pricing
320 N Edinburgh Dr, Winter Park, FL 32792
Functional clinical layout includes patient check-in, staff support areas, and a private physician office.
Property Size6,739 SF
Price / SF$319.04
Days on Market1089
Property Features for 320 N Edinburgh Dr
General Information
Standard status
Active
Size
6,739 SF
Property subtype
OFFICE
Listing Agency:
City Commercial
(407) 929-3598
Listed By:
Lee Zerivitz
Source:
Moodyscre
Added: Aug 18, 2023
Changed: Jul 31
Last Checked: Aug 10 at 11:17AM
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.
Suite B offers approximately 1,400 SF configured for medical office use. The layout includes a traditional patient check-in and check-out area, four exam rooms with sinks, and the ability to combine two exam rooms into a larger procedure room. A private physician office includes a restroom and a separate exit to the parking lot.
Additional features include an IT closet, lab and staff breakroom, and nurse’s station. The property contains 6,739 square feet overall and is located at 320 N Edinburgh Dr in Winter Park, Florida.
Additional features include an IT closet, lab and staff breakroom, and nurse’s station. The property contains 6,739 square feet overall and is located at 320 N Edinburgh Dr in Winter Park, Florida.
Key Highlights
- Suite B: ± 1,400 SF
- Four exam rooms with sinks
- Two exam rooms can combine for a larger procedure room
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
$100,681
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
4.68%
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%
$2,013,620
$2.0M
Cap Rate 7%
$1,438,300
$1.4M
Cap Rate 9%
$1,118,678
$1.1M
Market Conditions
NOI Build-Up for 6,739 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
$161.7K $24.00/SF
− Vacancy
−$27.5K −$4.08/SF
EGI
$134.2K $19.92/SF
− OpEx
−$33.6K −$4.98/SF
NOI
$100.7K $14.94/SF
Area
Orange County, FL
Vacancy
17.00%
Lease Rate
$24.00 /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%
$2,013,620
Cap Rate 7%
$1,438,300
Cap Rate 9%
$1,118,678
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,681 @ 7.0% cap · market cap 4.68%
Second Best
Healthcare Medical
$1.37M
$1.20M – $1.60M
NOI $96,071 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,241 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,504
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32792, FL
51,376
Population
24,169
Households
2.1
Avg Household Size
36
Median Age
42%
College-Educated
91%
High-School Grad
12.1 sq mi
ZIP Area
4,246
Density / Sq Mi
$66,176
Median Household Income
$39,326
Median Earnings
$1,612
Median Rent
$343,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Functional clinical layout includes patient check-in, staff support areas, and a private physician office.
Where is this medical office space located?
The property is located at 320 N Edinburgh Dr Winter Park, 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: Suite B: ± 1,400 SF; Four exam rooms with sinks; Two exam rooms can combine for a larger procedure room
