5900 John Young PkwyOrlando, FL 32839

Property Details for 5900 John Young Pkwy

Year built

2009

Lot size

0.78 AC

Property size (Sq ft)

5,806 SF

Zone code

RSTD C-2

Property type

Office properties

Property subtype

Office buildings

APN

21-23-29-5361-00-282

APU

212329536100282

Description

This exceptional investment opportunity presents a 5,600 square foot Class A medical office building in Orlando, FL, currently 100% occupied by PM Pediatric Urgent Care, a leading national provider. Located at 5900 S John Young Pkwy, 32839, this single-story building sits on a 0.78-acre lot and boasts a strong 8.60% cap rate with a Net Operating Income (NOI) of $178,736. Built in 2009, the property features a Light Commercial Land Use zoning designation and benefits from a lease with a remaining term of approximately 2.2 years, expiring January 31, 2027, with 3% annual rent bumps. The asking price is $2,078,326, translating to $371 per square foot. The lease commenced January 31, 2022, and includes options for one- to three-year extensions. This property is ideally situated in a dense residential area with over 265,000 residents within a five-mile radius, benefiting from Orlando's rapid population growth. The tenant, PM Pediatric Urgent Care, is a financially stable national operator with significant backing, further enhancing the investment's security and long-term potential. This is a 1031 exchange eligible property. The property is zoned for Light Commercial Land Use.

• CAP approach

  CAP return

  Valuation

  6%

  $1,288,054

  6.5%

  $1,188,973

  7%

  $1,104,046

• Comparable approach

  Method

  Valuation

  Relative Method

  $911,716

  Geo Method

  $911,716

• Alternative Use

  Use

  Valuation

  Residential

  $1,474,326

  Hospitality

  $1,350,475

  Educational

  $1,123,579

  Medical

  $1,162,221

  Retail

  $1,747,790

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.4734

Longitude

-81.4181

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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