Two-Building Medical Center
New
For Sale
$14,000,000
1736 33RD Street, Orlando, FL 32839
Commercial Sale, ORLANDO, FL
Property Size24,000 SF
Lot Size0.73 Acres
Price / SF$583.33
Days on Market2
Property Features for 1736 33RD Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PD
Subdivision
I-4 COMMERCE CENTER PH II
Directions
GPS
Standard status
Active
APN
10-23-29-3871-00-020
Size
24,000 SF
Lot size
0.73 Acres
Additional Details
Tenant in Place
Yes
Property Use
Medical Office
Taxes and HOA fees
Tax Year
2025
Tax Description
I-4 COMMERCE CENTER PHASE II UNIT 1 REPLAT ONE 63/15 LOT 2
Tax Annual Amount
79929
Legal Description
I-4 COMMERCE CENTER PHASE II UNIT 1 REPLAT ONE 63/15 LOT 2
Utilities
Cooling system
Central Air
Building Details
Year built
2005
Floors in Building
2
Buildings
2
Listing Agency:
KENNEDY REALTY GROUP LLC
Listed By:
Shawn Kennedy · License #3247697
(407) 590-6192
Added: Oct 29
Last Checked: Oct 30 at 12:06AM
MLS# O6453773
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 24,000-square-foot medical portfolio comprises two buildings on 0.73 acres. One 12,000-square-foot building houses an ambulatory surgery center with 2 operating rooms, 3 procedure suites, and 14 pre-op/PACU bays. The second building provides 12,000 square feet of multi-tenant medical office space.
Built in 2005, the property is fully occupied and has central air conditioning. Zoning is PD.
Built in 2005, the property is fully occupied and has central air conditioning. Zoning is PD.
Key Highlights
- Two‑building portfolio totals 24,000 square feet on 0.73 acres
- 12,000‑square‑foot ambulatory surgery center with 2 operating rooms
- Surgery center includes 3 procedure suites and 14 pre‑op/PACU bays
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
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Who owns this building?
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Medical center - Fully occupied, the property pairs an outpatient surgical facility with multi-tenant medical offices.
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 portfolio totals 24,000 square feet on 0.73 acres; 12,000‑square‑foot ambulatory surgery center with 2 operating rooms; Surgery center includes 3 procedure suites and 14 pre‑op/PACU bays
