Single-Tenant Medical Office
New
For Sale
$1,601,271
891 Outer Road Unit A, Orlando, FL 32814
Orlando Health occupies the suite under a lease with fixed annual increases and a renewal option.
Property Size3,269 SF
Price / SF$489.84
Days on Market6
Property Features for 891 Outer Road Unit A
General Information
Standard status
Active
Size
3,269 SF
Property subtype
Commercial
Occupancy
100%
Net Operating Income
$92,073
Site & Location
Neighborhood
Colonial Town Center
Utilities to Site
Yes
Additional Details
Cap Rate
5.75%
Office Units
1
Tenant in Place
Yes
Property Use
Medical Office
Building Details
Year Built
2007
Construction
CB/stucco
Tenancy
Single
Owner Occupied
No
Listing Agency:
ALPHA EQUITY REALTY & MANAGEMENT INC
Listed By:
Abbas Sultanali · License #3371569
(407) 435-9596
Source:
Realtygroupfl
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 1 at 6:04AM
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 ALPHA EQUITY REALTY & MANAGEMENT INC
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Investment Insights
Based on property information with market context.
This 3,269 SF medical office condominium was built in 2007 with concrete block and stucco construction. Orlando Health has occupied the suite since 2015 and is leased through August 2031, with fixed annual rent increases and one 5-year renewal option. The lease structure assigns real estate taxes, utilities, interior maintenance and janitorial costs to the tenant; the landlord’s expenses are insurance and condominium dues. The offering reflects a 5.75% cap rate.
Capital work includes a replacement roof in 2022, plus two HVAC units, new flooring and fresh interior and exterior paint, all completed in 2026. The property is in Baldwin Park, minutes from Downtown Orlando and Winter Park.
Capital work includes a replacement roof in 2022, plus two HVAC units, new flooring and fresh interior and exterior paint, all completed in 2026. The property is in Baldwin Park, minutes from Downtown Orlando and Winter Park.
Key Highlights
- 3,269 SF medical office condominium leased to Orlando Health
- Tenant occupancy dates to 2015; lease runs through August 2031
- Fixed annual rent increases and one 5‑year renewal option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,049
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,220,980
$1.2M
Cap Rate 7%
$872,129
$872.1K
Cap Rate 9%
$678,322
$678.3K
Market Conditions
NOI Build-Up for 3,269 SF
Gross rent
$98.1K $30.00/SF
− Vacancy
−$16.7K −$5.10/SF
EGI
$81.4K $24.90/SF
− OpEx
−$20.3K −$6.23/SF
NOI
$61.0K $18.67/SF
Area
Orlando, FL
Vacancy
17.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,220,980
Cap Rate 7%
$872,129
Cap Rate 9%
$678,322
Alternative Uses
Best Use
Office B
$872.1K
$763.1K – $1.02M
NOI $61,049 @ 7.0% cap · market cap 3.81%
Second Best
Healthcare Medical
$665.8K
$582.5K – $776.7K
NOI $46,603 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.05M
$921.4K – $1.23M
NOI $73,714 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,435
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32814, FL
9,218
Population
4,533
Households
2
Avg Household Size
35
Median Age
81%
College-Educated
100%
High-School Grad
1.2 sq mi
ZIP Area
7,682
Density / Sq Mi
$129,712
Median Household Income
$67,578
Median Earnings
$2,224
Median Rent
$751,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Orlando, FL
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Orlando Health occupies the suite under a lease with fixed annual increases and a renewal option.
Where is this medical office space located?
The property is located at 891 Outer Road Unit A Orlando, FL.
What is the asking price?
The asking price for this property is $1,601,271.
What are key features of this property?
This property features: 3,269 SF medical office condominium leased to Orlando Health; Tenant occupancy dates to 2015; lease runs through August 2031; Fixed annual rent increases and one 5‑year renewal option
