Upgraded Medical Office
For Sale
Contact for pricing
821 Douglas Ave #183, Altamonte Springs, FL 32714
Three-tenant medical configuration with capacity for two additional occupants.
Property Size1,410 SF
Price / SF$297.87
Days on Market134
Property Features for 821 Douglas Ave #183
General Information
Standard status
Active
Size
1,410 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Tenancy
Multi
Listing Agency:
Floridian Real Estate Group
(407) 782-1989
Listed By:
Melanie Kayaleh · License #FL SL 3282053
Source:
Crexi
Added: Apr 20
Changed: Aug 29
Last Checked: Aug 29 at 5:18PM
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 Floridian Real Estate Group
Investment Insights
Based on property information with market context.
This 1,410 SF medical office space has been upgraded and arranged for professional healthcare use. The existing layout accommodates three long-term tenants, while additional space is available for two more tenants. Its professional configuration may also suit wellness practices and related professional services.
The property is located at 821 Douglas Ave #183 in Altamonte Springs, within an established medical corridor. The setting provides access to major roadways and area amenities for patients, staff, and office users.
The property is located at 821 Douglas Ave #183 in Altamonte Springs, within an established medical corridor. The setting provides access to major roadways and area amenities for patients, staff, and office users.
Key Highlights
- 1,410 SF upgraded medical office space
- Configured for three long‑term tenants
- Space available for 2 additional tenants
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
$21,065
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
5.02%
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%
$421,300
$421.3K
Cap Rate 7%
$300,929
$300.9K
Cap Rate 9%
$234,056
$234.1K
Market Conditions
NOI Build-Up for 1,410 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
$33.8K $24.00/SF
− Vacancy
−$5.8K −$4.08/SF
EGI
$28.1K $19.92/SF
− OpEx
−$7.0K −$4.98/SF
NOI
$21.1K $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 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%
$421,300
Cap Rate 7%
$300,929
Cap Rate 9%
$234,056
Alternative Uses
Best Use
Office B
$300.9K
$263.3K – $351.1K
NOI $21,065 @ 7.0% cap · market cap 5.02%
Second Best
Healthcare Medical
$287.2K
$251.3K – $335.0K
NOI $20,101 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$401.2K
$351.1K – $468.1K
NOI $28,087 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32714, FL
38,049
Population
16,722
Households
2.3
Avg Household Size
37
Median Age
37%
College-Educated
92%
High-School Grad
8.5 sq mi
ZIP Area
4,476
Density / Sq Mi
$67,333
Median Household Income
$39,714
Median Earnings
$1,641
Median Rent
$292,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Three-tenant medical configuration with capacity for two additional occupants.
Where is this medical office space located?
The property is located at 821 Douglas Ave #183 Altamonte Springs, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 1,410 SF upgraded medical office space; Configured for three long‑term tenants; Space available for 2 additional tenants
