Property summary
This exceptional 11,331-square-foot, single-story office building in Winter Park, Florida, presents a compelling owner-user opportunity. Currently 44.5% occupied across seven units, this property offers significant value-add potential. Recent capital expenditures exceeding $400,000 in 2019 included a new roof, repaved parking lot, exterior door replacements, and 72 hurricane-proof ground floor windows. Further, $40,000 was invested in electrical service upgrades, and the building is equipped with Spectrum fiber optics. The 1.24-acre lot provides ample parking with 59 spaces and features two points of ingress and egress with separate tenant entrances. The building boasts excellent visibility from Goldenrod Road due to lighted signage. Its prime location is adjacent to a Publix- and Target-anchored shopping center within a dense retail and residential corridor, experiencing high daily traffic volume (23,000 VPD on Goldenrod Road and 41,000 VPD on University Blvd). The property benefits from strong demographics, with over 273,500 residents within a 5-mile radius and a projected population increase by 2028. Average household incomes exceed $96,000, and the proximity to the University of Central Florida (68,000 students), Downtown Orlando, and AdventHealth Orlando Hospital further enhances its appeal. The asking price is $2,900,000. Financial details are available upon request due to ongoing lease restructuring and negotiations.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Real Estate Agency
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Alternative Medicine Practice
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Alternative Medicine Practice
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Dental Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Sec. 58-74. - Commercial (C-1) district. (a) Purpose and intent. (1) Shopping centers have unique development requirements which are dissimilar from other commercial areas; therefore, this section establishes a separate…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Winter Park, FLSec. 58-74. - Commercial (C-1) district. (a) Purpose and intent. (1) Shopping centers have unique development requirements which are dissimilar from other commercial areas; therefore, this section establishes a separate…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Sec. 58-74. - Commercial (C-1) district. (a) Purpose and intent. (1) Shopping centers have unique development requirements which are dissimilar from other commercial areas; therefore, this section establishes a separate…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-1 in Winter Park, FL.
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