Upgraded Medical Office
For Sale
Contact for pricing
Pending
821 Douglas Ave #183, Altamonte Springs, FL 32714
Three-tenant medical configuration with capacity for two additional occupants.
Property Size1,410 SF
Days on Market179
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Property Features for 821 Douglas Ave #183
General Information
Standard status
Pending
Size
1,410 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Tenancy
Multi
Listing Agency:
Floridian Real Estate Group
Listed By:
Melanie Kayaleh · License #FL SL 3282053
(407) 782-1989
Source:
Crexi
Added: Apr 20
Changed: Oct 10
Last Checked: Oct 14 at 8:57PM
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 / Yr
$21,065
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
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
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
