Medical Office
A-891 Outer Rd, Orlando, FL 32814
For Sale
$1,601,271
Orlando Health occupies the suite under a five-year lease with fixed annual increases and a five-year renewal option.
Property Size3,269 SF
Price / SF$489.84
Days on Market16
Property Features for A-891 Outer Rd
General Information
Standard status
Size
Occupancy
Net Operating Income
Site & Location
Neighborhood
Additional Details
Cap Rate
Office Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Construction
Tenancy
Listing Agency:
ALPHA EQUITY REALTY & MANAGEMENT INC
(407) 789-1002
Listed By:
Abbas Sultanali · License FL #3371569
(407) 435-9596
Source:
Exprealty
Added: Oct 29
Changed: Nov 12
Last Checked: Nov 12 at 2:45PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,269 SF medical office condominium was built in 2007 with CB/stucco construction. Orlando Health occupies the suite and has operated there since 2015. A new five-year lease runs through August 2031, with fixed annual rent increases and one five-year renewal option. The tenant pays real estate taxes directly, along with utilities, interior maintenance and janitorial service; the landlord’s stated expenses are insurance and condo dues.
Capital work includes a roof replacement in 2022, plus two new HVAC units, new interior flooring, and interior and exterior painting in 2026. The property is in Baldwin Park, within minutes of Downtown Orlando and Winter Park.
Capital work includes a roof replacement in 2022, plus two new HVAC units, new interior flooring, and interior and exterior painting in 2026. The property is in Baldwin Park, within minutes of Downtown Orlando and Winter Park.
Key Highlights
- 3,269 SF medical office condominium built in 2007
- Orlando Health tenant in place since 2015; new lease runs through August 2031
- Lease includes 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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
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
$751,400
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Orlando, FL
Properties on Market for Medical Office Space in Orlando
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 five-year lease with fixed annual increases and a five-year renewal option.
Where is this medical office space located?
The property is located at A-891 Outer Rd 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 built in 2007; Orlando Health tenant in place since 2015; new lease runs through August 2031; Lease includes fixed annual rent increases and one 5‑year renewal option
