Medical Office on Hospital
661 E Altamonte Dr ste 312 Altamonte Springs, FL 32701
661 E Altamonte Dr ste 312, Altamonte Springs, FL, 32701
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For Sale
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Move-in ready medical office connected to AdventHealth Altamonte Springs.
Property Size2,449 SF
Price / SF$379.34
Days on Market695
Property Features for 661 E Altamonte Dr ste 312
General Information
- Standard status
- Active
- Size
- 2,449 SF
- Property subtype
- Office
Building Details
- Year Built
- 1989
Listing Agency
RE/MAX 200 Realty
Listed by
Chuck Rudis · License #FL SL667745
Source
Crexi
Added: Aug 22, 2024 Checked: Jul 16 at 4:54 am
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 RE/MAX 200 Realty
Investment Insights
Based on property information with market context.
This fully built-out medical office is located on the campus of AdventHealth Altamonte Springs and is directly connected to the hospital. The office, formerly a cosmetic surgery practice, features five exam rooms and two procedure rooms. Additional spaces include a nurse's station, a doctor's office, a waiting area, and administrative space. The layout also includes two restrooms, a main entrance, and a rear entrance. Natural light fills the office through windows spanning the entire south wall. High-end wood finishes, counters, and sinks are present throughout the space. The property offers parking and access, with valet services available at the entrance. The grounds are meticulously maintained. The condo association has over $2.4 million in reserves for special assessments, and no current assessments are anticipated. The property size is 2449 square feet.
Key Highlights
- Located on the campus of AdventHealth Altamonte Springs and directly connected to the hospital.
- Fully built‑out medical office, formerly a cosmetic surgery office, move‑in ready.
- Features five exam rooms, two procedure rooms, a nurse's station, and a doctor's office.
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 | $58.8k | $24.00 |
| − Vacancy | −$10.0k | −$4.08 |
| EGI | $48.8k | $19.92 |
| − OpEx | −$12.2k | −$4.98 |
| NOI | $36.6k | $14.94 |
2,449 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$522.7K
$457.4K – $609.8K
NOI $36,588 @ 7.0% cap · market cap 3.94%
Second Best
Healthcare Medical
$498.8K
$436.4K – $581.9K
NOI $34,913 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$696.9K
$609.8K – $813.1K
NOI $48,784 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Matthew Ross Albert
Physician
AdventHealth Pharmacy Altamonte ...
Pharmacy
Allergy Asthma Specialists ...
Medical Clinic
Gregory Richard O ...
Physician
The Institute of Aesthetic Surgery ...
Medical Clinic
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FAQs
What type of property is this?
Medical Office Space - Move-in ready medical office connected to AdventHealth Altamonte Springs.
Where is this medical office space located?
The property is located at 661 E Altamonte Dr ste 312 Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Located on the campus of AdventHealth Altamonte Springs and directly connected to the hospital.; Fully built‑out medical office, formerly a cosmetic surgery office, move‑in ready.; Features **five exam rooms, two procedure rooms, a nurse's station, and a doctor's office.**
