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    Medical Office Suite with Exam Rooms Title is generated by Realmo AI

    331 North Maitland Avenue Unit D-3, Maitland, FL 32751

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    For Sale
    $330,000

    Well-designed first-floor office suite with exam rooms and private offices near a major hospital and major roadways.

    Type:Office
    Property size:
    1,431 SF
    Price / SF:
    $230/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:56 am

    Property Features for 331 North Maitland Avenue Unit D-3

    General Information

    Standard status
    Active
    Size
    1,431 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Jeffrey Bloom, CCIM

    Listing agent Jeffrey Bloom, CCIM

    Listing office NAI Realvest | Orlando

    Listing date Jun 2, 2026

    Source Realvest

    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 NAI Realvest | Orlando

    HighLights

    • First‑floor office unit with 1,431± SF
    • Includes lobby/reception area, 4 plumbed exam rooms, and nurse's station plus work areas/filing
    • Also features 2 private offices
    • Close proximity to Florida Hospital Altamonte
    • 5 minutes to I‑4 and 2 minutes to US Hwy 17‑92 (Orlando Ave)
    • Zoned PO‑1 (Office) with ample parking just steps from the building

    Overview

    This first-floor medical office unit offers a practical layout for day-to-day patient care and administration. The suite includes a lobby/reception area, four plumbed exam rooms, two private offices, and a nurse’s station with supporting work areas and filing. The interior configuration is designed to keep patient-facing functions and staff workflow appropriately organized.

    Conveniently positioned near Florida Hospital Altamonte, the location supports smooth access for both patients and staff. The property is minutes from I-4 and close to US Hwy 17-92 (Orlando Ave), with walking distance to Orlando Avenue. Ample parking is available just steps from the building, adding ease for visits and daily appointments.

    The unit is well suited for medical and office-based providers seeking a move-in-ready environment with dedicated exam space. Its mix of exam rooms, private offices, and a nurse’s station makes it a strong fit for specialty practices, outpatient operations, and related professional services. Zoning is PO-1 (Office), supporting a professional office use in this setting. A lease, purchase, or lease with option to purchase may be available.

    Local 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 $34.3k $24.00
    − Vacancy −$5.8k −$4.08
    EGI $28.5k $19.92
    − OpEx −$7.1k −$4.98
    NOI $21.4k $14.94
    1,431 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $305.4K
    $267.2K – $356.3K (±1% cap)
    NOI $21,379 @ 7.0% cap · market cap 6.48%
    Second Best
    Healthcare Medical
    $291.4K
    $255.0K – $340.0K (±1% cap)
    NOI $20,400 @ 7.0% cap · market cap 6.18%
    Theoretical Best
    Office A
    $407.2K
    $356.3K – $475.1K (±1% cap)
    NOI $28,506 @ 7.0% cap · market cap 8.64%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Richardson Periodontics Dental Office Harold R. Arthur ... Dental Office Santos Juan I ... Dental Office Felice Center Physician Spa Touch, LLC Nail Salon

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Maitland Animal Hospital — 671 N Orlando Ave, Maitland, FL 32751
    • Furever Family Animal Hospital — 340 E Horatio Ave, Maitland, FL 32751
    • Audubon Center for Birds of Prey — 1101 Audubon Way, Maitland, FL 32751
    • Animal Eye Associates — 9901 N Orlando Ave, Maitland, FL 32751
    • Veterinary Dermatology Center — 9901 Orlando Ave, Maitland, FL 32751

    Location Insight

    • Map
    • Local Demand
    City
    Maitland
    County
    Orange
    State
    Florida
    Longitude
    -81.3665357
    Latitude
    28.6297768

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    FAQs

    What type of property is this?
    Medical Office Space - Well-designed first-floor office suite with exam rooms and private offices near a major hospital and major roadways.
    Where is this medical office space located?
    The property is located at 331 North Maitland Avenue Unit D-3 Maitland, FL.
    What is the asking price?
    The asking price for this property is $330,000.
    What are key features of this property?
    This property features: First‑floor office unit with 1,431± SF; Includes lobby/reception area, 4 plumbed exam rooms, and nurse's station plus work areas/filing; Also features 2 private offices
    (407) 718-1558
    We can help!
    Listing Contact
    Jeffrey Bloom, CCIM
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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