Mixed-Use Office Property with Dental
5515 Vista View Way, Oviedo, FL 32765
For Sale
Contact for pricing
A furnished dental practice occupies one suite, while the adjoining space is available for lease.
Property Size6,364 SF
Lot Size0.87 Acres
Price / SF$306.25
Days on Market35
Property Features for 5515 Vista View Way
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Traffic Count
Highway Access
Road Access
Mixed-Use Components
Additional Details
Sprinkler System
Office Units
Tenant in Place
Property Use
Medical Specialty
Building Details
Year Built
Buildings
Stories
Building Size
Tenancy
Listing Agency:
KW
Listed By:
Ayesha Verma · License #SL3531226
(407) 639-0345
Source:
Crexi
Added: Oct 6
Changed: Nov 8
Last Checked: Nov 8 at 4:31PM
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 KW
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Investment Insights
Based on property information with market context.
This 2018-built, single-story mixed-use office property contains two suites with a shared entrance. Suite 1001 measures 2,987 SF and has a showroom, display room, four offices, a breakroom, and three restrooms; one office includes a shower. Suite 1002 measures 2,860 SF and is configured as a dental practice, with six treatment rooms, equipment and work/lab areas, an office, reception and administrative space, a restroom, and a conference room. The parcel is 0.87 acres and includes 32 parking spaces.
At 5515 Vista View Way in Oviedo, the property fronts SR 426 (Aloma) and is reached from Vista View Way. The site is less than one mile northeast of Tollway 417; reported traffic on SR 426 is 30,000 vehicles per day. Suite 1002 is leased to Heartland Dental through January 2028, with 2% annual rent escalations and two five-year renewal options. Suite 1001 is available for lease on a multi-year NNN basis.
At 5515 Vista View Way in Oviedo, the property fronts SR 426 (Aloma) and is reached from Vista View Way. The site is less than one mile northeast of Tollway 417; reported traffic on SR 426 is 30,000 vehicles per day. Suite 1002 is leased to Heartland Dental through January 2028, with 2% annual rent escalations and two five-year renewal options. Suite 1001 is available for lease on a multi-year NNN basis.
Key Highlights
- Two separately configured suites: 2,987 SF and 2,860 SF
- Heartland Dental lease runs through January 2028, with 2% annual rent escalations and two five‑year renewal options
- 0.87‑acre parcel with 32 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,078
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,901,560
$1.9M
Cap Rate 7%
$1,358,257
$1.4M
Cap Rate 9%
$1,056,422
$1.1M
Market Conditions
NOI Build-Up for 6,364 SF
Gross rent
$152.7K $24.00/SF
− Vacancy
−$26.0K −$4.08/SF
EGI
$126.8K $19.92/SF
− OpEx
−$31.7K −$4.98/SF
NOI
$95.1K $14.94/SF
Area
Seminole 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 Rate 5%
$1,901,560
Cap Rate 7%
$1,358,257
Cap Rate 9%
$1,056,422
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.58M
NOI $95,078 @ 7.0% cap · market cap 4.88%
Second Best
Healthcare Medical
$1.30M
$1.13M – $1.51M
NOI $90,725 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,771 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
30,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
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Business Placement
Demographics for 32765, FL
65,228
Population
23,389
Households
2.8
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
39.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$99,161
Median Household Income
$48,595
Median Earnings
$1,870
Median Rent
$418,600
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Seminole County, FL
Properties on Market for Mixed-use properties in Seminole County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A furnished dental practice occupies one suite, while the adjoining space is available for lease.
Where is this mixed-use property located?
The property is located at 5515 Vista View Way Oviedo, FL.
What is the asking price?
The asking price for this property is $1,949,000.
What are key features of this property?
This property features: Two separately configured suites: 2,987 SF and 2,860 SF; Heartland Dental lease runs through January 2028, with 2% annual rent escalations and two five‑year renewal options; 0.87‑acre parcel with 32 parking spaces
