Leased Medical Office with Adjacent
610 JASMINE ROAD Altamonte Springs, FL 32701
New
For Sale
$1,900,000
Medical center is fully leased and configured with reception, private offices, exam rooms, and X-ray.
Property Size6,282 SF
Lot Size0.86 Acres
Price / SF$302.45
Days on Market6
Property Features for 610 JASMINE ROAD
General Information
Standard status
Active
Size
6,282 SF
Lot size
0.86 Acres
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Alain Hart · License #3017893
(407) 207-2220
Source:
Mbifloridarealty
Added: Jul 24
Changed: Jul 26
Last Checked: Jul 28 at 6:45PM
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 FLORIDA REALTY INVESTMENTS
Investment Insights
Based on property information with market context.
610 Jasmine Road is a medical facility currently used as a pulmonary and sleep lab center. The property is fully leased to Advent Health for a five-year term, with a first option of renewal. The building includes a welcoming reception room, private offices, clinical exam rooms, an X-ray room, nurse stations, restrooms, a full-service kitchen, and an upstairs documentation area.
The facility is located in the heart of Altamonte Springs on SR 434, directly across from Advent Health Hospital. An adjoining lot is available and is used for extra parking; it is listed separately and includes a waterfront. The tax ID is 15 15-21-29-954-0000-0020.
The facility is located in the heart of Altamonte Springs on SR 434, directly across from Advent Health Hospital. An adjoining lot is available and is used for extra parking; it is listed separately and includes a waterfront. The tax ID is 15 15-21-29-954-0000-0020.
Key Highlights
- 6282 SF medical facility configured with reception, private offices, clinical exam rooms, and an X‑ray room
- Fully leased to Advent Health for 5 years with a first option of renewal
- Located in Altamonte Springs on/near SR 434 across from Advent Health Hospital
Financial Insights For Healthcare Medical
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 | $165.8k | $26.40 |
| − Vacancy | −$16.6k | −$2.64 |
| EGI | $149.3k | $23.76 |
| − OpEx | −$59.7k | −$9.50 |
| NOI | $89.6k | $14.26 |
6,282 SF · lease $26.40/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.28M
$1.12M – $1.49M
NOI $89,556 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.56M – $2.09M
NOI $125,137 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical center - Medical center is fully leased and configured with reception, private offices, exam rooms, and X-ray.
Where is this medical center located?
The property is located at 610 JASMINE ROAD Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 6282 SF medical facility configured with reception, private offices, clinical exam rooms, and an X‑ray room; Fully leased to Advent Health for 5 years with a first option of renewal; Located in Altamonte Springs on/near SR 434 across from Advent Health Hospital
