Medical Office Suite with
OVIEDO, FL 32765, Oviedo, FL 32765
For Sale
$725,000
Commercial Sale, OVIEDO, FL
Property Size1,652 SF
Lot Size0.02 Acres
Price / SF$438.86
Days on Market309
Property Features
General Information
Property type
Property subtype
Zoning
Window features
Accessibility
Lot features
Subdivision
Standard status
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Building materials
Buildings
Listing Agency:
RE/MAX TOWN & COUNTRY REALTY · RE/MAX International
(407) 695-2066
Listed By:
Maha Matta, PA
(407) 340-6911
Added: Jan 5
Changed: Nov 9
Last Checked: Nov 9 at 4:06AM
MLS# O6371029
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This medical and professional office suite occupies the second floor of a two-story building completed in 2008. An elevator serves the floor, and the space is offered furnished with office furniture and equipment. The listed unit measures 1,652 square feet and may be purchased individually or with a second unit; together, the two units are described as approximately 4,700 square feet.
The property is off Red Bug Lake Road in Oviedo, with hospitals and SR-417 described as minutes away. It is zoned PUD.
The property is off Red Bug Lake Road in Oviedo, with hospitals and SR-417 described as minutes away. It is zoned PUD.
Key Highlights
- 1,652‑square‑foot medical and professional office suite
- Second‑floor unit in a two‑story elevator building
- Furniture and equipment are included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,681
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,620
$493.6K
Cap Rate 7%
$352,586
$352.6K
Cap Rate 9%
$274,233
$274.2K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$39.6K $24.00/SF
− Vacancy
−$6.7K −$4.08/SF
EGI
$32.9K $19.92/SF
− OpEx
−$8.2K −$4.98/SF
NOI
$24.7K $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%
$493,620
Cap Rate 7%
$352,586
Cap Rate 9%
$274,233
Alternative Uses
Best Use
Office B
$352.6K
$308.5K – $411.4K
NOI $24,681 @ 7.0% cap · market cap 3.40%
Second Best
Healthcare Medical
$336.4K
$294.4K – $392.5K
NOI $23,551 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$470.1K
$411.4K – $548.5K
NOI $32,908 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 32765, FL
65,228
Population
23,389
Households
2.8
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
39.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$99,161
Median Household Income
$48,595
Median Earnings
$1,870
Median Rent
$418,600
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Oviedo, FL
Properties on Market for Medical Office Space in Oviedo
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-floor space is available individually or alongside a second unit as a combined offering.
Where is this medical office space located?
The property is located at Oviedo, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 1,652‑square‑foot medical and professional office suite; Second‑floor unit in a two‑story elevator building; Furniture and equipment are included
