Turn-Key Medical Office in
For Sale
$2,889,000
733 S GOLDENROD ROAD, Orlando, FL 32822
5,500 SF medical office near Downtown Orlando for sale.
Property Size5,256 SF
Lot Size1.32 Acres
Price / SF$549.66
Days on Market244
Property Features for 733 S GOLDENROD ROAD
General Information
Standard status
Active
Size
5,256 SF
Lot size
1.32 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$27,189
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Central Business District
Central Heating
Ground Level
Laminate Flooring
Landscaped
Lighted
Near Public Transit
Over 30 Spaces
Oversized
Paved
Shingle Roof
Street Lights
Building Details
Year Built
2008
Listing Agency:
RE/MAX TOWN CENTRE
(407) 996-3200
Listed By:
CHARLIE ORDEN · License #BK3213840
Source:
Corcoran
Added: Dec 29, 2025
Changed: Aug 8
Last Checked: Aug 25 at 4:43AM
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 TOWN CENTRE
Investment Insights
Based on property information with market context.
This 5,500 square foot single-story medical office building in Orlando, Florida, is suitable for owner occupancy or investment. The property is configured as a two-tenant building, with 2,740 square feet ready for immediate occupancy. Designed for medical users, the space is described as being in trophy condition. The building features 24-hour access, controlled entry, and a fenced-in lot. There are 64 on-site parking spaces, providing 11.7 spaces per 1,000 square feet. Interior features include laminate plank floors, three restrooms, a lab, and spacious common areas. Each of the two suites contains approximately 11 treatment rooms, most of which are equipped with sinks. The property includes a monument sign at the entrance. Located along a major thoroughfare near Downtown Orlando, the property provides access to major highways, bus routes, and Advent Health East Orlando.
Key Highlights
- Turn‑key 5,500 sq ft medical office space, with 2,740 sq ft ready for immediate occupancy.
- Ideal location near Downtown Orlando, major highways, bus routes, and Advent Health East Orlando.
- 64 on‑site parking spaces** (11.7 spaces / 1,000 sf) for convenient patient and staff parking.
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
$86,377
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
2.99%
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%
$1,727,540
$1.7M
Cap Rate 7%
$1,233,957
$1.2M
Cap Rate 9%
$959,744
$959.7K
Market Conditions
NOI Build-Up for 5,256 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
$138.8K $26.40/SF
− Vacancy
−$23.6K −$4.49/SF
EGI
$115.2K $21.91/SF
− OpEx
−$28.8K −$5.48/SF
NOI
$86.4K $16.43/SF
Area
ZIP 32822
Vacancy
17.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,727,540
Cap Rate 7%
$1,233,957
Cap Rate 9%
$959,744
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.44M
NOI $86,377 @ 7.0% cap · market cap 2.99%
Second Best
Healthcare Medical
$1.16M
$1.01M – $1.35M
NOI $80,947 @ 7.0% cap · market cap 2.80%
Theoretical Best
Specialty Retail
$1.58M
$1.38M – $1.84M
NOI $110,584 @ 7.0% cap · market cap 3.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
918
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
- Vet Wellcare Vaccinations Clinic at Pet Supermarket — 423 S Chickasaw Trail, Orlando, FL 32825
- Er Vet — 407 egan dr, orlando, fl 32822
- Animal Emergency Center — 7313 Lake Underhill Rd, Orlando, FL 32822
- 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
Frequently Asked Questions
What type of property is this?
Medical Office Space - 5,500 SF medical office near Downtown Orlando for sale.
Where is this medical office space located?
The property is located at 733 S GOLDENROD ROAD Orlando, FL.
What is the asking price?
The asking price for this property is $2,889,000.
What are key features of this property?
This property features: Turn‑key 5,500 sq ft medical office space, with **2,740 sq ft ready for immediate occupancy**.; Ideal location near Downtown Orlando, major highways, bus routes, and Advent Health East Orlando.; 64 on‑site parking spaces** (11.7 spaces / 1,000 sf) for convenient patient and staff parking.
