Two-Building Medical Center
New
For Sale
$14,000,000
1736 33RD STREET, Orlando, FL 32839
The property combines an ambulatory surgery center with multi-tenant medical office space.
Property Size24,000 SF
Price / SF$583.33
Days on Market3
Property Features for 1736 33RD STREET
General Information
Standard status
Active
Size
24,000 SF
Property subtype
Medical Office
Occupancy
100%
Site & Location
Neighborhood
Holden Heights
Additional Details
Tenant in Place
Yes
Property Use
ASC / Medical Office
Amenities
1.48 acres
Additional parcels description:, Parcel Number: 10-23-29-3871-00-020, Public Survey Range: 29, Public Survey Section: 10, Annual Amount: $79,929.5, Tax Block: 00, Tax Book Number: 63/15, Legal Description: I-4 COMMERCE CENTER PHASE II UNIT 1 REPLAT ONE 63/15 LOT 2, Lot: 2, Year: 2025, Zoning: PD
Net Operating Income: $985,671
Central Air
Listing ID: MFRO6453773, Standard Status: Active, MLS Status: Active, Property Subtype: Medical Office, On market as of 2026-10-29, 1 day on market, Special Conditions: None
Built in 2005, Living area: 24000, Living area units: Square Feet, 2 stories
Subdivision: I-4 COMMERCE CENTER PH II, MLS Area (Major): 32839 - Orlando/Edgewood/Pinecastle, County/Parish: Orange
Block
Frontage Type: Access Road, City Street, Highway, Road Surface: Paved
Building Details
Year Built
2005
Buildings
2
Tenancy
Multi
Listing Agency:
KENNEDY REALTY GROUP LLC
Listed By:
Shawn Kennedy · License #3247697
(407) 590-6192
Source:
Miharaandassociates
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 30 at 1:53PM
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 KENNEDY REALTY GROUP LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully occupied, two-building medical property includes a 12,000-square-foot ambulatory surgery center and a 12,000-square-foot multi-tenant medical office building. The surgery center contains 2 operating rooms, 3 procedure suites, and 14 pre-op/PACU bays.
The property was built in 2005 and is located in Orlando, Florida.
The property was built in 2005 and is located in Orlando, Florida.
Key Highlights
- Two‑building medical portfolio, fully occupied
- 12,000 SF ambulatory surgery center
- Surgery center includes 2 ORs and 3 procedure suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$448,200
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,964,000
$9.0M
Cap Rate 7%
$6,402,857
$6.4M
Cap Rate 9%
$4,980,000
$5.0M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$720.0K $30.00/SF
− Vacancy
−$122.4K −$5.10/SF
EGI
$597.6K $24.90/SF
− OpEx
−$149.4K −$6.23/SF
NOI
$448.2K $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 Rate 5%
$8,964,000
Cap Rate 7%
$6,402,857
Cap Rate 9%
$4,980,000
Alternative Uses
Best Use
Office B
$6.40M
$5.60M – $7.47M
NOI $448,200 @ 7.0% cap · market cap 3.20%
Second Best
Healthcare Medical
$4.89M
$4.28M – $5.70M
NOI $342,144 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$7.73M
$6.76M – $9.02M
NOI $541,187 @ 7.0% cap · market cap 3.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
Explore this area
Business Placement
Demographics for 32839, FL
58,641
Population
24,325
Households
2.4
Avg Household Size
32
Median Age
21%
College-Educated
83%
High-School Grad
7.4 sq mi
ZIP Area
7,924
Density / Sq Mi
$50,814
Median Household Income
$31,648
Median Earnings
$1,429
Median Rent
$250,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Medical center - The property combines an ambulatory surgery center with multi-tenant medical office space.
Where is this medical center located?
The property is located at 1736 33RD STREET Orlando, FL.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: Two‑building medical portfolio, fully occupied; 12,000 SF ambulatory surgery center; Surgery center includes 2 ORs and 3 procedure suites
