Ground-Floor Medical Office
For Sale
$499,000
1400 W Oak Street C1/D2, Kissimmee, FL 34741
Built-out suite with treatment rooms, private offices, reception space, and shared parking.
Property Size1,868 SF
Price / SF$267.13
Days on Market68
Property Features for 1400 W Oak Street C1/D2
General Information
Standard status
Active
Size
1,868 SF
Additional Details
Floor
Ground Floor
Asking Price
$550,000
Building Details
Year Built
1990
Listing Agency:
CAPSTRATA PROPERTY MANAGEMENT LLC
Listed By:
Veronica Malolos · License #BK3243791
(407) 875-9989
Source:
Livewelltampabay
Added: Jul 9
Changed: Sep 11
Last Checked: Sep 14 at 4:39PM
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 CAPSTRATA PROPERTY MANAGEMENT LLC
Investment Insights
Based on property information with market context.
This 1,868-square-foot medical office condominium occupies a ground-floor position within a professional office complex. The interior includes five treatment or exam rooms, a private physician office, a manager’s office, reception and waiting areas, a records and storage room, a break room, and three restrooms. The property was built in 1990 and includes extensive existing medical improvements.
Located at 1400 W Oak Street, Suites C & D, the property is less than 0.5 miles from Osceola Regional Medical Center. Shared parking serves the complex, while the surrounding area includes healthcare providers, retail amenities, and residential neighborhoods. The layout is configured for medical, wellness, therapy, med-spa, or professional office use.
Located at 1400 W Oak Street, Suites C & D, the property is less than 0.5 miles from Osceola Regional Medical Center. Shared parking serves the complex, while the surrounding area includes healthcare providers, retail amenities, and residential neighborhoods. The layout is configured for medical, wellness, therapy, med-spa, or professional office use.
Key Highlights
- 1,868 SF medical office condominium
- Ground‑floor suite with five treatment or exam rooms
- Private physician office and manager’s office included
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
$23,473
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
4.70%
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%
$469,460
$469.5K
Cap Rate 7%
$335,329
$335.3K
Cap Rate 9%
$260,811
$260.8K
Market Conditions
NOI Build-Up for 1,868 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
$43.7K $23.40/SF
− Vacancy
−$4.6K −$2.46/SF
EGI
$39.1K $20.94/SF
− OpEx
−$15.6K −$8.38/SF
NOI
$23.5K $12.57/SF
Area
Polk County, FL
Vacancy
10.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
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%
$469,460
Cap Rate 7%
$335,329
Cap Rate 9%
$260,811
Alternative Uses
Best Use
Healthcare Medical
$335.3K
$293.4K – $391.2K
NOI $23,473 @ 7.0% cap · market cap 4.70%
Second Best
Office B
$327.8K
$286.9K – $382.5K
NOI $22,948 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$448.9K
$392.8K – $523.7K
NOI $31,423 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,411
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34741, FL
56,454
Population
22,043
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
87%
High-School Grad
15.0 sq mi
ZIP Area
3,764
Density / Sq Mi
$50,278
Median Household Income
$30,415
Median Earnings
$1,591
Median Rent
$270,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Built-out suite with treatment rooms, private offices, reception space, and shared parking.
Where is this medical office space located?
The property is located at 1400 W Oak Street C1/D2 Kissimmee, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,868 SF medical office condominium; Ground‑floor suite with five treatment or exam rooms; Private physician office and manager’s office included
