Medical Office Suite Near
New
For Sale
Contact for pricing
2572 W STATE ROAD 426 #2088, Oviedo, FL 32765
Second-floor space combines a reception area, three private offices, and a mechanical room in a professionally managed building.
Property Size70,044 SF
Price / SF$19.50
Days on Market4
Property Features for 2572 W STATE ROAD 426 #2088
General Information
Standard status
Active
Size
70,044 SF
Elevators
Yes
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
2
Amenities
tiled two-story lobby
carpeted corridors
covered portico entry
0.01 acres, Landscaped, Sidewalk, Suburb, Mature Landscaping, Oak Trees
Membrane
Public Sewer
Additional parcels description:, Parcel Number: 29-21-31-510-0000-2088, Public Survey Range: 31, Public Survey Section: 29, Annual Amount: $2,926.96, Tax Block: N/A, Tax Book Number: N/A, Legal Description: UNIT 2088 MAGNOLIA CORPORATE CENTER A CONDOMINIUM FIRST AMENDMENT ORB 7112 PG 1080, Year: 2025, Zoning: PCD
Central Air
Central, Electric
Listing ID: MFRO6449861, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-10-14
Common, Ground Level, Over 30 Spaces
Built in 2008, Living area: 1163, Living area units: Square Feet, Building faces Undetermined, 3 stories, Levels: One, Construction Materials: Block, Stucco
Subdivision: MAGNOLIA CORPORATE CENTER A CONDO FIRST AMD, MLS Area (Major): 32765 - Oviedo, County/Parish: Seminole
Completed, Leasable area: 1163
Curbs, Sidewalks
BB/HS Internet Capable, Electricity Available, Public, Water Source: Public
Slab
Common Area Maintenance, Grounds Care, Management, Property Insurance, Taxes
Electricity, Internet, Telephone
Frontage Type: Divided Highway, State Road, Road Responsibility: Public Maintained Road, Road Surface: Paved
Fire Sprinkler System
Accessible Elevator Installed, Accessible Entrance
Building Details
Year Built
2008
Buildings
1
Stories
3
Building Size
70,044 SF
Tenancy
Multi
Listing Agency:
COMPASS FLORIDA LLC
(407) 203-9441
Listed By:
Brad Kuskin · License #3333122
(561) 232-7899
Source:
Miharaandassociates
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 7:04AM
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 COMPASS FLORIDA LLC
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Investment Insights
Based on property information with market context.
Suite 2088 is a 1,163-square-foot medical office suite on the second floor of Magnolia Corporate Center, a three-story professional office building completed in 2008. The layout includes a reception area, three private offices, and a mechanical room, with the suite near the central elevator lobby. Building features include a tiled, two-story lobby, carpeted corridors, a covered portico entrance, elevator service, and on-site maintenance.
The property fronts State Road 426 in Oviedo, with access to State Road 417 and State Road 434. Healthcare tenants anchor the building, which provides 240 surface parking spaces. Suite 2040 is also on the same floor; together, the two suites total 2,431 square feet. Other built-out suites in the building range from 1,163 to 2,580 square feet.
The property fronts State Road 426 in Oviedo, with access to State Road 417 and State Road 434. Healthcare tenants anchor the building, which provides 240 surface parking spaces. Suite 2040 is also on the same floor; together, the two suites total 2,431 square feet. Other built-out suites in the building range from 1,163 to 2,580 square feet.
Key Highlights
- 1,163 SF second‑floor medical office suite
- Reception area, 3 private offices, and a mechanical room
- Near the central elevator lobby; elevator service available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,580
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,600
$331.6K
Cap Rate 7%
$236,857
$236.9K
Cap Rate 9%
$184,222
$184.2K
Market Conditions
NOI Build-Up for 1,163 SF
Gross rent
$30.7K $26.40/SF
− Vacancy
−$3.1K −$2.64/SF
EGI
$27.6K $23.76/SF
− OpEx
−$11.1K −$9.50/SF
NOI
$16.6K $14.26/SF
Area
Seminole County, FL
Vacancy
10.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,600
Cap Rate 7%
$236,857
Cap Rate 9%
$184,222
Alternative Uses
Best Use
Office B
$248.2K
$217.2K – $289.6K
NOI $17,375 @ 7.0% cap · market cap 76.62%
Second Best
Healthcare Medical
$236.9K
$207.3K – $276.3K
NOI $16,580 @ 7.0% cap · market cap 73.11%
Theoretical Best
Office A
$331.0K
$289.6K – $386.1K
NOI $23,167 @ 7.0% cap · market cap 102.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32765, FL
65,228
Population
23,389
Households
2.8
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
39.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$99,161
Median Household Income
$48,595
Median Earnings
$1,870
Median Rent
$418,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-floor space combines a reception area, three private offices, and a mechanical room in a professionally managed building.
Where is this medical office space located?
The property is located at 2572 W STATE ROAD 426 #2088 Oviedo, FL.
What are key features of this property?
This property features: 1,163 SF second‑floor medical office suite; Reception area, 3 private offices, and a mechanical room; Near the central elevator lobby; elevator service available
