Orlando Veterinary Office with
For Sale
Contact for pricing
7313 Lake Underhill Rd, Orlando, FL 32822
Veterinary office with ER and two operating rooms for sale.
Property Size6,309 SF
Lot Size0.39 Acres
Price / SF$507.21
Days on Market191
Property Features for 7313 Lake Underhill Rd
General Information
Standard status
Active
Size
6,309 SF
Class
C
Lot size
0.39 Acres
Property subtype
Office
Zoning
ORG-C-2
Building Details
Year Built
1979
Year Renovated
2011
Buildings
2
Stories
2
Listing Agency:
Transworld Commercial Real Estate
Listed By:
Alan Kaye · License #FL
Source:
Crexi
Added: Feb 7
Changed: Aug 8
Last Checked: Aug 13 at 2:37PM
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 Transworld Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 7313 Lake Underhill Road in East Orlando, Florida, this medical office building presents an opportunity for a physician to build their practice. The property, built in 1979 and renovated in 2011-2012, features two operating rooms. It is positioned near downtown Orlando and just off the East-West Expressway in a growing area close to Baldwin Park. The property consists of a one-story CBS building connected to a two-story CBS building, totaling 6,309 square feet on a 0.39-acre rectangular lot with surface parking. The location offers visibility from the East West Expressway, Goldenrod Road, and Lake Underhill Road. The two buildings can accommodate a practice with two operating rooms. The two-story building features a high ceiling and a loft over a portion of the space, including a great room and a second room. Bathrooms are available in both buildings. In addition to the operating rooms, there is office space for patient care and administrative tasks. A 1,000-square-foot section of the building can be separated, and the current owner is interested in remaining in that space, which would provide rental income. Access is available off the East West Expressway, Goldenrod Road, and Lake Underhill Road. Advent Hospital is nearby, and Orlando International Airport is eight miles away.
Key Highlights
- Veterinary office with ER & two operating rooms, renovated in 2011‑2012.
- 6,309 sq ft building** on .39 acre with ample surface parking.
- Exceptional exposure and visibility** from high‑traffic roads with over 100,000 cars daily.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$123,889
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,477,780
$2.5M
Cap Rate 7%
$1,769,843
$1.8M
Cap Rate 9%
$1,376,544
$1.4M
Market Conditions
NOI Build-Up for 6,309 SF
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.
Gross rent
$183.2K $29.04/SF
− Vacancy
−$6.2K −$0.99/SF
EGI
$177.0K $28.05/SF
− OpEx
−$53.1K −$8.42/SF
NOI
$123.9K $19.64/SF
Area
ZIP 32822
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,477,780
Cap Rate 7%
$1,769,843
Cap Rate 9%
$1,376,544
Alternative Uses
Best Use
Retail
$1.77M
$1.55M – $2.06M
NOI $123,889 @ 7.0% cap · market cap 3.87%
Second Best
Office B
$1.48M
$1.30M – $1.73M
NOI $103,682 @ 7.0% cap · market cap 3.24%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.21M
NOI $132,738 @ 7.0% cap · market cap 4.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32822, FL
64,120
Population
27,437
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
88%
High-School Grad
13.6 sq mi
ZIP Area
4,715
Density / Sq Mi
$52,944
Median Household Income
$31,368
Median Earnings
$1,609
Median Rent
$222,000
Median Home Value
Market
Vacancy Rate% for Office in Orlando, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Francis Kelley Ray - East Orlando Animal Hospital — 7600 Lake Underhill Rd, Orlando, FL 32822
- Lisa Lieberman - East Orlando Animal Hospital — 7600 Lake Underhill Rd, Orlando, FL 32822
- Animal Emergency Center — 7313 Lake Underhill Rd, Orlando, FL 32822
- Er Vet — 407 egan dr, orlando, fl 32822
- Vet Wellcare Vaccinations Clinic at Pet Supermarket — 423 S Chickasaw Trail, Orlando, FL 32825
Frequently Asked Questions
What type of property is this?
Medical Office Space - Veterinary office with ER and two operating rooms for sale.
Where is this medical office space located?
The property is located at 7313 Lake Underhill Rd Orlando, FL.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Veterinary office with ER & two operating rooms, renovated in 2011‑2012.; 6,309 sq ft building** on .39 acre with ample surface parking.; Exceptional exposure and visibility** from high‑traffic roads with over 100,000 cars daily.
