Freestanding Medical Office
New
For Sale
$259,000
1317 N PINE HILLS ROAD, Orlando, FL 32808
Configured for clinical or professional use with reception, private rooms, restroom, air conditioning, and covered parking.
Property Size770 SF
Lot Size0.19 Acres
Price / SF$235.67
Days on Market5
Property Features for 1317 N PINE HILLS ROAD
General Information
Standard status
Active
Size
770 SF
Lot size
0.19 Acres
Property subtype
Office
Zoning
P-O
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
0.19 acres, Landscaped
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 19-22-29-6978-16-060, Public Survey Range: 29, Public Survey Section: 19, Annual Amount: $2,767, Tax Block: P, Tax Book Number: S-89, Legal Description: PINE HILLS MANOR NO 3 S/89 LOT 6 BLK P, Lot: 6, Year: 2025, Zoning: P-O
Laminate
Central Air, Wall/Window Unit(s)
Central, Electric, Ductless
Listing ID: MFRG5116187, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-08-07, 1 day on market, Special Conditions: None
Built in 1953, Living area: 770, Living area units: Square Feet, Construction Materials: Block
Subdivision: PINE HILLS MANOR 03, MLS Area (Major): 32808 - Orlando/Pine Hills, County/Parish: Orange
Completed
Public, Water Connected, Water Source: Public
Slab
Frontage Type: Access Road, City Street, Road Surface: Asphalt, Paved
Building Details
Year Built
1953
Buildings
1
Building Size
770 SF
Construction
concrete block and stucco
Listing Agency:
MOBED REALTY, P.A.
(352) 223-4884
Listed By:
Ariya Mobed · License #3331510
Source:
Miharaandassociates
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 6:22AM
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 MOBED REALTY, P.A.
Investment Insights
Based on property information with market context.
This freestanding medical office property at 1317 N Pine Hills Road is a concrete block and stucco building constructed in 1953. The existing layout includes a reception area, private exam or consultation rooms, a restroom, split-system air conditioning, and covered carport parking. The building is positioned on a 0.1865-acre parcel with frontage on Pine Hills Road and is identified as P-O zoned in the property information.
The site is in Orlando, with access to SR 50/Colonial Drive, SR 408, I-4, Downtown Orlando, and the Universal corridor. Its compact configuration and established clinical layout provide a defined foundation for a medical office or other professional office use, subject to verification of zoning, permitted uses, and measurements.
The site is in Orlando, with access to SR 50/Colonial Drive, SR 408, I-4, Downtown Orlando, and the Universal corridor. Its compact configuration and established clinical layout provide a defined foundation for a medical office or other professional office use, subject to verification of zoning, permitted uses, and measurements.
Key Highlights
- 0.1865‑acre parcel with frontage on Pine Hills Road
- P‑O zoned freestanding medical office property
- 770 SF concrete block and stucco building
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
$20,524
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
7.92%
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%
$410,480
$410.5K
Cap Rate 7%
$293,200
$293.2K
Cap Rate 9%
$228,044
$228.0K
Market Conditions
NOI Build-Up for 1,099 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
$33.0K $30.00/SF
− Vacancy
−$5.6K −$5.10/SF
EGI
$27.4K $24.90/SF
− OpEx
−$6.8K −$6.23/SF
NOI
$20.5K $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%
$410,480
Cap Rate 7%
$293,200
Cap Rate 9%
$228,044
Alternative Uses
Best Use
Office B
$293.2K
$256.6K – $342.1K
NOI $20,524 @ 7.0% cap · market cap 7.92%
Second Best
Healthcare Medical
$223.8K
$195.8K – $261.1K
NOI $15,667 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$354.0K
$309.8K – $413.0K
NOI $24,782 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32808, FL
52,551
Population
21,291
Households
2.5
Avg Household Size
34
Median Age
12%
College-Educated
78%
High-School Grad
11.9 sq mi
ZIP Area
4,416
Density / Sq Mi
$47,575
Median Household Income
$31,180
Median Earnings
$1,375
Median Rent
$218,600
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 - Configured for clinical or professional use with reception, private rooms, restroom, air conditioning, and covered parking.
Where is this medical office space located?
The property is located at 1317 N PINE HILLS ROAD Orlando, FL.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 0.1865‑acre parcel with frontage on Pine Hills Road; P‑O zoned freestanding medical office property; 770 SF concrete block and stucco building
