Medical Office Condo with Clinical
3208 W LAKE MARY BLVD, Lake Mary, FL 32746
For Sale
Contact for pricing
The suite includes improvements configured for medical use.
Property Size975 SF
Price / SF$409.23
Days on Market34
Property Features for 3208 W LAKE MARY BLVD
General Information
Standard status
Size
Property subtype
Financials
Asking Price
HOA Fee
Additional Details
Condition
Road Access
Property Use
Listing Agency:
100UNits.com
Listed By:
Joe LaFleur · License FL BK3206282
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 10 at 7:16AM
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 100UNits.com
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 975-square-foot medical office condominium is Unit 1710 at 3208 W Lake Mary Blvd. Interior improvements are configured for medical use, and the building has a new roof.
The property fronts W Lake Mary Blvd and has building signage. Griffin Farms, a retail and residential development, is directly across the boulevard.
The property fronts W Lake Mary Blvd and has building signage. Griffin Farms, a retail and residential development, is directly across the boulevard.
Key Highlights
- 975 SF medical office condominium
- Interior improvements configured for medical use
- Building fronts W Lake Mary Blvd with signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,023
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,460
$320.5K
Cap Rate 7%
$228,900
$228.9K
Cap Rate 9%
$178,033
$178.0K
Market Conditions
NOI Build-Up for 975 SF
Gross rent
$25.7K $26.40/SF
− Vacancy
−$4.4K −$4.49/SF
EGI
$21.4K $21.91/SF
− OpEx
−$5.3K −$5.48/SF
NOI
$16.0K $16.43/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,460
Cap Rate 7%
$228,900
Cap Rate 9%
$178,033
Alternative Uses
Best Use
Office B
$228.9K
$200.3K – $267.1K
NOI $16,023 @ 7.0% cap · market cap 4.02%
Second Best
Healthcare Medical
$194.2K
$169.9K – $226.5K
NOI $13,592 @ 7.0% cap · market cap 3.41%
Theoretical Best
Specialty Retail
$292.4K
$255.9K – $341.2K
NOI $20,471 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,273
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32746, FL
45,828
Population
20,204
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
97%
High-School Grad
21.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$111,534
Median Household Income
$55,860
Median Earnings
$1,912
Median Rent
$420,200
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Seminole County, FL
Properties on Market for Medical Office Space in Seminole County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Orlando Veterinary Dentistry — 225 Waymont Ct #111, Lake Mary, FL 32746
- Central Florida Veterinary Cardiology — 3415 W Lake Mary Blvd, Lake Mary, FL 32795
- Petfolk Veterinary & Urgent Care - Lake Mary — 222 Wheelhouse Ln #1110, Lake Mary, FL 32746
- Dr. John E. Dyer — 2889 W Lake Mary Blvd, Lake Mary, FL 32746
- Ray Tonnie M DVM — 2889 W Lake Mary Blvd, Lake Mary, FL 32746
Frequently Asked Questions
What type of property is this?
Medical Office Space - The suite includes improvements configured for medical use.
Where is this medical office space located?
The property is located at 3208 W LAKE MARY BLVD Lake Mary, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 975 SF medical office condominium; Interior improvements configured for medical use; Building fronts W Lake Mary Blvd with signage
