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    NNN Pediatric Medical Office Suites Title is generated by Realmo AI

    1403 Medical Plaza Drive, Sanford, FL 32771

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    Two medical office suites are fully leased under NNN terms with annual rent escalations to Pediatric Associates.

    Type:Retail, Office
    Property size:
    3,475 SF
    Price / SF:
    $346/SF
    Added:
    May 28, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 6 at 4:30 am

    Property Features for 1403 Medical Plaza Drive

    General Information

    Standard status
    Active
    Size
    3,475 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1983

    We can help!

    Listing Contact
    Jonathan Peranich

    Listing agent Jonathan Peranich License #9005448

    Listing office Peranich Huffman Net Lease Group

    Listing date May 28, 2026

    Source Crexi

    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 Peranich Huffman Net Lease Group

    HighLights

    • 1983‑built medical office building with suites 104 & 105 listed at 1403 Medical Plaza Dr, Sanford, FL 32771
    • Both suites 104 and 105 are fully leased to Pediatric Associates under triple net (NNN) lease terms
    • All leases include 3.00% annual rent escalations for built‑in contractual income growth
    • Tenant Pediatric Associates is the largest pediatric practice management company in the U.S. per Moody’s
    • Tenant holds a B2 Corporate Family Rating with Stable Outlook

    Overview

    This offering includes suites 104 and 105 at 1403 Medical Plaza Drive, presented as part of the Pediatric Associates Florida Portfolio. The properties in the portfolio are structured as net lease assets and are fully leased to Pediatric Associates under Triple Net (NNN) lease terms. The portfolio leases also include 3.00% annual rent escalations.

    The portfolio is located across the Greater Orlando and Central Florida markets, with this Sanford, Florida property serving as one of six pediatric medical office locations. The presentation focuses on a single operator and an essential-service healthcare use within established suburban communities.

    For investors or buyers seeking a healthcare-related, professionally managed tenancy, the key factor here is long-term lease structure to Pediatric Associates. With NNN responsibilities designed to minimize landlord obligations and contractual annual rent escalations, this asset provides a straightforward, tenant-backed healthcare office investment within the broader Florida portfolio.
    Location Intelligence

    Current Use by Public Records

    James Parker Alternative Medicine Practice Family Psychiatric Services Hospital Associates In Dermatology | Sanford Physician Pastis Nicholas J ... Physician Jn Gilles Josie ... Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    Seminole
    State
    Florida
    Longitude
    -81.2841752
    Latitude
    28.8130926

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    FAQs

    What type of property is this?
    Medical center - Two medical office suites are fully leased under NNN terms with annual rent escalations to Pediatric Associates.
    Where is this medical center located?
    The property is located at 1403 Medical Plaza Drive Sanford, FL.
    What is the asking price?
    The asking price for this property is $1,203,000.
    What are key features of this property?
    This property features: 1983‑built medical office building with suites 104 & 105 listed at 1403 Medical Plaza Dr, Sanford, FL 32771; Both suites 104 and 105 are fully leased to Pediatric Associates under triple net (NNN) lease terms; All leases include 3.00% annual rent escalations for built‑in contractual income growth
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jonathan Peranich
    Real Estate License ID: 9005448
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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