Medical Office Conversion
2231 NAIRN DRIVE Winter Park, FL 32792
For Sale
$499,000
Medical office conversion site directly across from Advent Health Winter Park Hospital with professional office future land use.
Property Size1,088 SF
Price / SF$458.64
Days on Market9
Property Features for 2231 NAIRN DRIVE
General Information
Standard status
Active
Size
1,088 SF
Property subtype
Medical Office
Building Details
Year Built
1956
Listing Agency:
PARK TOWN REAL ESTATE LLC
(561) 801-9199
Listed By:
David Auerbach · License #3397451
Source:
Dennisrealty
Added: Jul 21
Changed: Jul 27
Last Checked: Jul 29 at 5:52AM
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 PARK TOWN REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This property presents a medical office conversion opportunity with an existing building that can be used for professional office purposes or as a site for future medical or office development. The offering is supported by a professional office future land use designation and includes the stated opportunity to assemble the adjacent parcel.
Located at 2231 Nairn Drive in Winter Park, the property sits directly across from Advent Health Winter Park Hospital and is described as having outstanding visibility within a healthcare corridor.
For prospective buyers seeking a redevelopment or conversion project tied to the surrounding hospital environment, this site offers a straightforward starting point with the flexibility described in the remarks and the potential to control additional adjacent land via assembly.
Located at 2231 Nairn Drive in Winter Park, the property sits directly across from Advent Health Winter Park Hospital and is described as having outstanding visibility within a healthcare corridor.
For prospective buyers seeking a redevelopment or conversion project tied to the surrounding hospital environment, this site offers a straightforward starting point with the flexibility described in the remarks and the potential to control additional adjacent land via assembly.
Key Highlights
- 1956‑built building positioned for medical office conversion or future medical/office development.
- Located directly across from AdventHealth Winter Park Hospital.
- Future land use: Professional Office.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.1k | $24.00 |
| − Vacancy | −$4.4k | −$4.08 |
| EGI | $21.7k | $19.92 |
| − OpEx | −$5.4k | −$4.98 |
| NOI | $16.3k | $14.94 |
1,088 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$232.2K
$203.2K – $270.9K
NOI $16,255 @ 7.0% cap · market cap 3.26%
Second Best
Healthcare Medical
$221.6K
$193.9K – $258.5K
NOI $15,511 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$309.6K
$270.9K – $361.2K
NOI $21,673 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Companion Care Pet Hospital — 2069 Aloma Ave, Winter Park, FL 32792
- Vet Wellcare Vaccinations Clinic at Pet Supermarket — 2061 Aloma Ave, Winter Park, FL 32792
- Beteran — 600 N Semoran Blvd, Winter Park, FL 32792
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office conversion site directly across from Advent Health Winter Park Hospital with professional office future land use.
Where is this medical office space located?
The property is located at 2231 NAIRN DRIVE Winter Park, 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: 1956‑built building positioned for medical office conversion or future medical/office development.; Located directly across from AdventHealth Winter Park Hospital.; Future land use: Professional Office.
