Medical Condo with Exam
4106 W Lake Mary Blvd Lake Mary, FL 32746
4106 W Lake Mary Blvd, Lake Mary, FL, 32746
Contact for pricing
For Sale
Contact for pricing
Vacant second-generation medical office condo featuring four exam rooms and direct frontage on W Lake Mary Blvd.
Property Size2,675 SF
Price / SF$233.64
Days on Market113
Property Features for 4106 W Lake Mary Blvd
General Information
- Standard status
- Active
- Size
- 2,675 SF
- Property subtype
- Office
Building Details
- Year Built
- 1989
Listing agency
Marcus & Millichap - Orlando
(407) 557-3847
Listed by
Ray Turchi · License #FL BK3015549
Source
Crexi
Added: Apr 1 Updated: Jul 22 at 6:48PM Checked: Jul 22 at 6:48PM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
Located at 4106 W Lake Mary Blvd, this vacant medical office condo is available for sale within MedPlex at Lake Mary. The space totals 2,675 SF and is laid out for clinical use, with four exam rooms, two offices, and a nurse’s station.
The condo has direct access and frontage on W Lake Mary Blvd. It is part of a 50,705 SF office building designed for medical practices.
For context, the property is described as being near retail centers including Shoppes of Lake Mary and Lake Mary Centre, with proximity to Orlando Health Lake Mary referenced in the remarks.
The condo has direct access and frontage on W Lake Mary Blvd. It is part of a 50,705 SF office building designed for medical practices.
For context, the property is described as being near retail centers including Shoppes of Lake Mary and Lake Mary Centre, with proximity to Orlando Health Lake Mary referenced in the remarks.
Key Highlights
- Vacant second‑generation medical office condo at 4106 W Lake Mary Blvd, Lake Mary, FL 32746
- 2,675 SF medical condo within MedPlex at Lake Mary
- Includes four exam rooms, two offices, and a nurse’s station
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 | $64.2k | $24.00 |
| − Vacancy | −$10.9k | −$4.08 |
| EGI | $53.3k | $19.92 |
| − OpEx | −$13.3k | −$4.98 |
| NOI | $40.0k | $14.94 |
2,675 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$570.9K
$499.6K – $666.1K
NOI $39,965 @ 7.0% cap · market cap 6.39%
Second Best
Healthcare Medical
$544.8K
$476.7K – $635.6K
NOI $38,135 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$761.2K
$666.1K – $888.1K
NOI $53,286 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Center for Digestive Health
Medical Clinic
Select Physical Therapy ...
Medical Clinic
Orlando Plastic Surgery ...
Spa & Massage Center
Angela R. Merzenich, ...
Physician
Central Florida Urology ...
Medical Clinic
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- Banfield Pet Hospital — 4550 W Lake Mary Blvd, Lake Mary, FL 32746
- Lake Emma Animal Hospital — 645 Primera Blvd, Lake Mary, FL 32746
- Central Florida Veterinary Cardiology — 3415 W Lake Mary Blvd, Lake Mary, FL 32795
- Orlando Veterinary Dentistry — 225 Waymont Ct #111, Lake Mary, FL 32746
FAQs
What type of property is this?
Medical Office Space - Vacant second-generation medical office condo featuring four exam rooms and direct frontage on W Lake Mary Blvd.
Where is this medical office space located?
The property is located at 4106 W Lake Mary Blvd Lake Mary, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Vacant second‑generation medical office condo at 4106 W Lake Mary Blvd, Lake Mary, FL 32746; 2,675 SF medical condo within MedPlex at Lake Mary; Includes four exam rooms, two offices, and a nurse’s station
