Medical Office on Hospital
For Sale
Contact for pricing
661 E Altamonte Dr ste 312, Altamonte Springs, FL 32701
Move-in ready medical office connected to AdventHealth Altamonte Springs.
Property Size2,449 SF
Price / SF$379.34
Days on Market787
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
Year Renovated
2006
Buildings
1
Stories
3
Units
1
Listing Agency:
RE/MAX 200 Realty
Listed By:
Chuck Rudis · License #FL SL667745
Source:
Crexi
Added: Aug 22, 2024
Changed: Oct 6
Last Checked: Oct 16 at 9:35AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,588
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$731,760
$731.8K
Cap Rate 7%
$522,686
$522.7K
Cap Rate 9%
$406,533
$406.5K
Market Conditions
NOI Build-Up for 2,449 SF
Gross rent
$58.8K $24.00/SF
− Vacancy
−$10.0K −$4.08/SF
EGI
$48.8K $19.92/SF
− OpEx
−$12.2K −$4.98/SF
NOI
$36.6K $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%
$731,760
Cap Rate 7%
$522,686
Cap Rate 9%
$406,533
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,075
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32701, FL
23,265
Population
12,085
Households
1.9
Avg Household Size
40
Median Age
35%
College-Educated
93%
High-School Grad
5.6 sq mi
ZIP Area
4,154
Density / Sq Mi
$62,008
Median Household Income
$37,359
Median Earnings
$1,609
Median Rent
$258,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Luv My Pet Inc — 947 E Altamonte Dr, Altamonte Springs, FL 32701
- Petco Vaccination Clinic — 375 E Altamonte Dr Suite 1100, Altamonte Springs, FL 32701
- Cannon Laura DVM — 661 E Altamonte Dr, Altamonte Springs, FL 32701
- Altamonte Veterinary Hospital — 1089 E Altamonte Dr, Altamonte Springs, FL 32701
- Animal Healing Solutions — 1117 E Altamonte Dr, Altamonte Springs, FL 32701
Frequently Asked Questions
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.**
