Two-Tenant Medical
For Sale
Contact for pricing
733 S GOLDENROD RD, Orlando, FL 32822
Single-story healthcare property with controlled entry, patient parking, treatment rooms, and clinical support areas.
Property Size5,256 SF
Price / SF$525.27
Days on Market253
Property Features for 733 S GOLDENROD RD
General Information
Standard status
Active
Size
5,256 SF
Total Parking Spaces
64
Property subtype
Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$27,189
Amenities
monument sign
24-hour access
controlled entry
fenced-in lot
Building Details
Building Size
5,256 SF
Year Built
2008
Buildings
1
Stories
1
Tenancy
Multi
Parking Ratio
11.7 per 1,000 SF
Listing Agency:
RE/MAX TOWN CENTRE
Listed By:
Charlie Orden · License #BK3213840
(407) 509-6679
Source:
Thefullerproperties
Added: Dec 29, 2025
Changed: Sep 8
Last Checked: Sep 8 at 12:25PM
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 single-story medical office property is configured for two tenant suites and includes approximately 11 treatment rooms per suite, with sinks in most rooms. The interior also provides three restrooms, a laboratory, laminate plank flooring, and shared areas suited to clinical operations. A portion of the space is prepared for immediate owner or tenant occupancy.
The property includes 64 on-site parking spaces, a fenced lot, monument signage, controlled entry, and 24-hour access. It is positioned on S Goldenrod Road in Orlando near Downtown Orlando, with access to major highways, bus routes, and AdventHealth East Orlando. RSTD C-1 zoning and a 2008 construction date further define the asset.
The property includes 64 on-site parking spaces, a fenced lot, monument signage, controlled entry, and 24-hour access. It is positioned on S Goldenrod Road in Orlando near Downtown Orlando, with access to major highways, bus routes, and AdventHealth East Orlando. RSTD C-1 zoning and a 2008 construction date further define the asset.
Key Highlights
- Two medical suites with approximately 11 treatment rooms each
- 64 on‑site parking spaces
- Three restrooms, laboratory, and laminate plank flooring
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
$90,387
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
3.13%
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%
$1,807,740
$1.8M
Cap Rate 7%
$1,291,243
$1.3M
Cap Rate 9%
$1,004,300
$1.0M
Market Conditions
NOI Build-Up for 5,500 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
$145.2K $26.40/SF
− Vacancy
−$24.7K −$4.49/SF
EGI
$120.5K $21.91/SF
− OpEx
−$30.1K −$5.48/SF
NOI
$90.4K $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%
$1,807,740
Cap Rate 7%
$1,291,243
Cap Rate 9%
$1,004,300
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,387 @ 7.0% cap · market cap 3.13%
Second Best
Healthcare Medical
$1.21M
$1.06M – $1.41M
NOI $84,704 @ 7.0% cap · market cap 2.93%
Theoretical Best
Specialty Retail
$1.65M
$1.45M – $1.93M
NOI $115,717 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
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.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story healthcare property with controlled entry, patient parking, treatment rooms, and clinical support areas.
Where is this medical office space located?
The property is located at 733 S GOLDENROD RD 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: Two medical suites with approximately 11 treatment rooms each; 64 on‑site parking spaces; Three restrooms, laboratory, and laminate plank flooring
