Medical Outpatient Building Near
For Sale
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9350 Turkey Lake Rd #2, Orlando, FL 32819
14,865 SF medical building, 100% leased, near Orlando Health.
Property Size14,865 SF
Price / SF$403.63
Days on Market255
Property Features for 9350 Turkey Lake Rd #2
General Information
Standard status
Active
Size
14,865 SF
Total Parking Spaces
148
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$345,647
Building Details
Year Built
1990
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
CBRE - Healthcare Capital Markets
Listed By:
Jaime Jones Vantsa · License #100103493
Source:
Crexi
Added: Feb 6
Changed: Aug 8
Last Checked: Aug 8 at 2:46PM
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 CBRE - Healthcare Capital Markets
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Investment Insights
Based on property information with market context.
The property at 9350 Turkey Lake Road is a 14,865 square foot multi-tenant medical outpatient building. It is 100% leased and located directly adjacent to Orlando Health Dr. P. Phillips Hospital in Orlando, Florida. The property is anchored by Rayus Radiology, a national imaging provider occupying 81% of the gross leasable area (GLA). Rayus Radiology is leased through 2031 with 2.5% annual increases. Quest Diagnostics, a Fortune 500 laboratory provider, occupies the remaining 19% of the GLA and is leased through 2029. Both tenants operate under NNN lease structures, with landlord responsibilities limited to the roof, structure, and foundation.
Key Highlights
- 100% leased multi‑tenant medical outpatient building.
- Located directly adjacent to Orlando Health Dr. P. Phillips Hospital.
- Anchored by Rayus Radiology (81% of GLA) leased through 2031 with 2.5% annual increases.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$277,604
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,552,080
$5.6M
Cap Rate 7%
$3,965,771
$4.0M
Cap Rate 9%
$3,084,489
$3.1M
Market Conditions
NOI Build-Up for 14,865 SF
Gross rent
$446.0K $30.00/SF
− Vacancy
−$75.8K −$5.10/SF
EGI
$370.1K $24.90/SF
− OpEx
−$92.5K −$6.23/SF
NOI
$277.6K $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%
$5,552,080
Cap Rate 7%
$3,965,771
Cap Rate 9%
$3,084,489
Alternative Uses
Best Use
Office B
$3.97M
$3.47M – $4.63M
NOI $277,604 @ 7.0% cap · market cap 4.63%
Second Best
Healthcare Medical
$3.03M
$2.65M – $3.53M
NOI $211,915 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$4.79M
$4.19M – $5.59M
NOI $335,197 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,138
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 32819, FL
30,857
Population
14,689
Households
2.1
Avg Household Size
40
Median Age
51%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,491
Density / Sq Mi
$94,386
Median Household Income
$47,166
Median Earnings
$1,947
Median Rent
$454,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Medical Office Space - 14,865 SF medical building, 100% leased, near Orlando Health.
Where is this medical office space located?
The property is located at 9350 Turkey Lake Rd #2 Orlando, FL.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 100% leased multi‑tenant medical outpatient building.; Located directly adjacent to Orlando Health Dr. P. Phillips Hospital.; Anchored by Rayus Radiology (81% of GLA) leased through 2031 with 2.5% annual increases.
