Colonial-Style Medical Office
For Sale
$2,750,000
326 N MILLS AVE, Orlando, FL 32803
Red brick office building with multiple reception areas, private offices, open workstations, and skylights.
Property Size6,706 SF
Price / SF$410.08
Days on Market138
Property Features for 326 N MILLS AVE
General Information
Standard status
Active
Size
6,706 SF
Property subtype
Medical Office
Site & Location
Neighborhood
Colonialtown South
Taxes and HOA fees
Annual Taxes
$112,826
Building Details
Building Size
6,706 SF
Year Built
1993
Listing Agency:
FLORIDA REALTY INVESTMENTS
Listed By:
Alain Hart · License #3017893
(407) 207-2220
Source:
Alignagents
Added: Jun 10
Changed: Oct 19
Last Checked: Oct 25 at 12:53AM
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 FLORIDA REALTY INVESTMENTS
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Investment Insights
Based on property information with market context.
326 N Mills Avenue is a colonial-style red brick office building with dormer windows and a full, polished interior layout designed for professional and medical-related operations. The space includes two reception areas, seven private offices, multiple open workstations, skylights, a full-service kitchen, a stylish business conference room, an electrical and computer monitor room, and two file rooms. There are four restrooms. A new roof is scheduled for March 2026.
The property sits adjacent to an Advent Health Pulmonary Medical facility and has 80 feet of frontage to North Mills Avenue. The building’s exterior presentation is emphasized by its red brick design and curb appeal features, supporting an office user that benefits from a maintained, business-appropriate appearance.
For tenants, the combination of reception space, private offices, conference room, and open workstations supports a range of appointment-based and team-based workflows. For buyers, the building offers a self-contained office environment with substantial functional improvements already in place, and the listing also notes an option to lease the property on a triple net basis for five years, with a minimum of three years at $16,000 per month.
The property sits adjacent to an Advent Health Pulmonary Medical facility and has 80 feet of frontage to North Mills Avenue. The building’s exterior presentation is emphasized by its red brick design and curb appeal features, supporting an office user that benefits from a maintained, business-appropriate appearance.
For tenants, the combination of reception space, private offices, conference room, and open workstations supports a range of appointment-based and team-based workflows. For buyers, the building offers a self-contained office environment with substantial functional improvements already in place, and the listing also notes an option to lease the property on a triple net basis for five years, with a minimum of three years at $16,000 per month.
Key Highlights
- Single‑story red brick office building built in 1993, totaling 6,836 SF
- 80 ft frontage on N Mills Avenue and corner lot with paved, public maintained access
- Layout includes 2 reception areas, 7 private offices, multiple open workstations, and a business conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,235
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,504,700
$2.5M
Cap Rate 7%
$1,789,071
$1.8M
Cap Rate 9%
$1,391,500
$1.4M
Market Conditions
NOI Build-Up for 6,706 SF
Gross rent
$201.2K $30.00/SF
− Vacancy
−$34.2K −$5.10/SF
EGI
$167.0K $24.90/SF
− OpEx
−$41.7K −$6.23/SF
NOI
$125.2K $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%
$2,504,700
Cap Rate 7%
$1,789,071
Cap Rate 9%
$1,391,500
Alternative Uses
Best Use
Office B
$1.79M
$1.57M – $2.09M
NOI $125,235 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,217 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,913
Businesses Nearby
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Business Placement
Demographics for 32803, FL
21,003
Population
12,225
Households
1.7
Avg Household Size
38
Median Age
59%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
3,089
Density / Sq Mi
$101,401
Median Household Income
$61,439
Median Earnings
$1,823
Median Rent
$421,300
Median Home Value
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Market
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Office building - Red brick office building with multiple reception areas, private offices, open workstations, and skylights.
Where is this office building located?
The property is located at 326 N MILLS AVE Orlando, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Single‑story red brick office building built in 1993, totaling 6,836 SF; 80 ft frontage on N Mills Avenue and corner lot with paved, public maintained access; Layout includes 2 reception areas, 7 private offices, multiple open workstations, and a business conference room
