9430 Turkey Lake Rd, Orlando, FL 32819

Building Details

Tenancy Multi More

Listing Agency: Colliers | Orlando Show Phone

Listed By: Kirk Fetter · License FL BK3009060 Show Phone

Source: Moodyscre

Added: Apr 27 Changed: Nov 10 Last Checked: Nov 10 at 9:57AM

Report an Issue

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 Colliers | Orlando

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Second-floor medical office condo for sale, Suite 204, within a Dr. Phillips Hospital medical building complex. The suite measures 952 SF and is identified by building directory and suite entrance signage. Ample parking is available for patients and staff.

The building is home to multiple established healthcare practices, including Orlando Health, Associates in Dermatology, The Cardiovascular Center of Florida, Gastro Health, Cardiac Clinic, and the Florida Institute of Neurology. The current owner is retiring.

Suite 204 offers a compact footprint for medical office use in a tenanted hospital-adjacent environment at 9430 Turkey Lake Rd, Orlando, FL 32819.

Key Highlights

• 952 SF second‑floor medical office condo, Suite 204
• Located within the Dr. Phillips Hospital medical building complex
• Building directory and suite entrance signage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,779

Cap Rate

4.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$355,580 $355.6K

Cap Rate 7%

$253,986 $254.0K

Cap Rate 9%

$197,544 $197.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 952 SF

Gross rent

$28.6K $30.00/SF

− Vacancy

−$4.9K −$5.10/SF

EGI

$23.7K $24.90/SF

− OpEx

−$5.9K −$6.23/SF

NOI

$17.8K $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%

$355,580

Cap Rate 7%

$253,986

Cap Rate 9%

$197,544

Alternative Uses

Best Use

Office B

$254.0K

$222.2K – $296.3K (±1% cap)

NOI $17,779 @ 7.0% cap · market cap 4.44%

Second Best

Healthcare Medical

$193.9K

$169.7K – $226.2K (±1% cap)

NOI $13,572 @ 7.0% cap · market cap 3.39%

Theoretical Best

Office A

$306.7K

$268.3K – $357.8K (±1% cap)

NOI $21,467 @ 7.0% cap · market cap 5.37%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

UF Health Kidney ... Medical Clinic Doris M. Campbell, ... Physician Cardiac Clinic Physician Florida Institute of Neurology Medical Clinic National Stem Cell ... Medical Clinic

Suggested Use

Top Pick Building Supply Auto Repair Shop Law Firm Big Box & Wholesale Store Auto Parts Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

1,083

Businesses Nearby

Balanced

Demand for This Use

Explore this area 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

Market

Average Price Trend$/SF for Medical Office Space in Orlando, FL

$461 Jul

$395 Aug

$346 Sep

$364 Oct

Properties on Market for Medical Office Space in Orlando

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Orlando, FL

9.5% 2019

11.2% 2020

13.2% 2021

13.7% 2022

15.5% 2023

17% 2024

17.6% 2025

Similar For Sale Nearby

See more

Renovated Professional Office Condominium

2878 South Osceola Avenue, Unit 5E, Orlando, FL 32806

$345,000

958 SF

View details

Renovated Office Condominium

5e-2878 S Osceola Ave, Orlando, FL 32801

$325,000

958 SF

View details

Updated Office Condominium

106-3300 S Hiawassee Rd, Orlando, FL 32835

$467,500

1,094 SF

View details

Renovated Office Condominium

316-2295 S Hiawassee Rd, Orlando, FL 32835

$498,999

840 SF

View details

Renovated Office Condominium

2295 S HIAWASSEE RD S #316, Orlando, FL 32835

$498,999

View details

Combined Office Suite

7065 WESTPOINTE BLVD #303 & 304, Orlando, FL 32835

$445,000

1,160 SF

View details

Office Condo with Private Offices

3239 Old Winter Garden Rd Unit 13, Orlando, FL 32805

$375,000

1,282 SF

View details

Four-Office Office Condo

13-3239 Old Winter Garden Rd, Orlando, FL 32805

$375,000

1,282 SF

View details

Third-Floor Office in Hunter’s Creek

13564 Village Park Drive O-345, Orlando, FL 32837

$499,900

764 SF

View details

Freestanding Medical Office Building

1317 N PINE HILLS ROAD, Orlando, FL 32808

$259,000

1,099 SF

View details

Remodeled Furnished Office Unit

7802 Kingspointe Pkwy Unit 202, Orlando, FL 32819

$315,000

755 SF

View details

Remodeled Furnished Office Unit

202-7802 Kingspointe Pkwy, Orlando, FL 32819

$315,000

755 SF

View details

Frequently Asked Questions

What type of property is this?

Medical Office Space - Second-floor 952 SF medical office condo in the Dr. Phillips Hospital medical building complex with ample parking.

Where is this medical office space located?

The property is located at 9430 Turkey Lake Rd Orlando, FL.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: 952 SF second‑floor medical office condo, Suite 204; Located within the Dr. Phillips Hospital medical building complex; Building directory and suite entrance signage