Turn-Key Medical Office,
For Sale
$1,750,000
4804 EDGEWATER DRIVE, Orlando, FL 32804
Fully furnished medical office in Orlando's College Park submarket.
Property Size5,100 SF
Price / SF$425.79
Days on Market155
Property Features for 4804 EDGEWATER DRIVE
General Information
Standard status
Active
Size
5,100 SF
Zoning
O-1/W
Taxes and HOA fees
Annual Taxes
$16,953
Amenities
Central Air
Building Details
Building Size
5,100 SF
Year Built
1983
Stories
1
Listing Agency:
Corcoran
(407) 777-7744
Listed By:
Sina Albekord · License #SL3471163 (FL)
(407) 777-7744
Source:
Evrealestate
Added: Mar 29
Changed: Aug 23
Last Checked: Aug 29 at 8:03AM
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 Corcoran
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a fully built-out, turn-key medical office located along the high-traffic Edgewater Dr & Lee Rd corridor in Orlando’s desirable College Park submarket. The property is configured for dual medical use, currently accommodating pediatric and internal medicine practices, making it ideal for an owner-user, multi-practice operator, or investor seeking flexibility and immediate functionality. The building will be delivered vacant, providing a true owner-user opportunity with immediate occupancy upon closing. The asset is being offered fully furnished, allowing for seamless occupancy with minimal upfront capital investment. The main suite features fully paid-off solar panels, providing long-term operational savings and improved efficiency. The property features a dual-suite layout, nine exam rooms, multiple labs, reception and waiting areas, private offices and support space, and patient and staff restrooms. The property has minimal near-term capital expenditures. The bike score is 43, the walk score is 30, and the transit score is 35.
Key Highlights
- Turn‑key, fully furnished medical office ready for immediate occupancy.
- Dual‑suite layout ideal for multi‑practice use or owner‑user flexibility.
- Fully paid‑off solar panel system provides long‑term operational savings.
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
$76,754
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
4.39%
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%
$1,535,080
$1.5M
Cap Rate 7%
$1,096,486
$1.1M
Cap Rate 9%
$852,822
$852.8K
Market Conditions
NOI Build-Up for 4,110 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
$123.3K $30.00/SF
− Vacancy
−$21.0K −$5.10/SF
EGI
$102.3K $24.90/SF
− OpEx
−$25.6K −$6.23/SF
NOI
$76.8K $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 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%
$1,535,080
Cap Rate 7%
$1,096,486
Cap Rate 9%
$852,822
Alternative Uses
Best Use
Office B
$1.10M
$959.4K – $1.28M
NOI $76,754 @ 7.0% cap · market cap 4.39%
Second Best
Healthcare Medical
$837.0K
$732.4K – $976.5K
NOI $58,592 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,678 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32804, FL
19,084
Population
10,127
Households
1.9
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
2,651
Density / Sq Mi
$113,466
Median Household Income
$61,227
Median Earnings
$1,717
Median Rent
$498,700
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully furnished medical office in Orlando's College Park submarket.
Where is this medical office space located?
The property is located at 4804 EDGEWATER DRIVE Orlando, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Turn‑key, fully furnished medical office ready for immediate occupancy.; Dual‑suite layout ideal for multi‑practice use or owner‑user flexibility.; Fully paid‑off solar panel system provides long‑term operational savings.
