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 Market200
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
Listed By:
Sina Albekord · License #SL3471163 (FL)
(407) 777-7744
Source:
Evrealestate
Added: Mar 29
Changed: Sep 29
Last Checked: Oct 12 at 7:29PM
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 / Yr
$76,754
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
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
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 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.
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Orlando, FL
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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.
