Medical Office Suite with Exam
For Sale
$330,000
331 North Maitland Avenue Unit D-3, Maitland, FL 32751
Well-designed first-floor office suite with exam rooms and private offices near a major hospital and major roadways.
Property Size1,431 SF
Price / SF$230.61
Days on Market93
Property Features for 331 North Maitland Avenue Unit D-3
General Information
Standard status
Active
Size
1,431 SF
Class
B
Property subtype
Office
Zoning
PO-1
Additional Details
Highway Access
Yes
Building Details
Building Size
1,431 SF
Listing Agency:
NAI Realvest | Orlando
Listed By:
Jeffrey Bloom, CCIM
(407) 718-1558
Source:
Realvest
Added: Jun 2
Changed: Aug 27
Last Checked: Sep 2 at 3:45PM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,379
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$427,580
$427.6K
Cap Rate 7%
$305,414
$305.4K
Cap Rate 9%
$237,544
$237.5K
Market Conditions
NOI Build-Up for 1,431 SF
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.
Gross rent
$34.3K $24.00/SF
− Vacancy
−$5.8K −$4.08/SF
EGI
$28.5K $19.92/SF
− OpEx
−$7.1K −$4.98/SF
NOI
$21.4K $14.94/SF
Area
Orange County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$427,580
Cap Rate 7%
$305,414
Cap Rate 9%
$237,544
Alternative Uses
Best Use
Office B
$305.4K
$267.2K – $356.3K
NOI $21,379 @ 7.0% cap · market cap 6.48%
Second Best
Healthcare Medical
$291.4K
$255.0K – $340.0K
NOI $20,400 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$407.2K
$356.3K – $475.1K
NOI $28,506 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,982
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32751, FL
23,230
Population
10,730
Households
2.2
Avg Household Size
40
Median Age
56%
College-Educated
96%
High-School Grad
7.0 sq mi
ZIP Area
3,319
Density / Sq Mi
$94,277
Median Household Income
$51,357
Median Earnings
$1,841
Median Rent
$433,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Audubon Center for Birds of Prey — 1101 Audubon Way, Maitland, FL 32751
- Furever Family Animal Hospital — 340 E Horatio Ave, Maitland, FL 32751
- Maitland Animal Hospital — 671 N Orlando Ave, Maitland, FL 32751
- Veterinary Dermatology Center — 9901 Orlando Ave, Maitland, FL 32751
- Animal Eye Associates — 9901 N Orlando Ave, Maitland, FL 32751
Frequently Asked Questions
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
