7232 Sand Lake RdOrlando, FL 32819

Property Details for 7232 Sand Lake Rd

Year built

1983

Lot size

0.96 AC

Property size (Sq ft)

17,927 SF

Zone code

C-1

Property type

Office properties

Property subtype

Office buildings

APN

35-23-28-0000-00-016

APU

352328000000016

Description

First Office Place, a three-story Class B medical office building, presents a compelling investment opportunity. Located at 7232 W Sand Lake Rd, Orlando, FL 32819, this property boasts 17,657 square feet on a 0.96-acre lot zoned C-1 in Orange County. Currently at 50% occupancy, the building offers significant upside potential. Constructed in 1982, the property benefits from professional HVAC maintenance, including six recently installed units. Its prime location at the intersection of Sand Lake Road, Turkey Lake Road, and I-4 ensures high visibility and accessibility. Sand Lake Road boasts an impressive 43,500 AADT, while Turkey Lake Road sees 34,000. The building features full lighted access from Sand Lake Road, along with a prominent building facade and monument signage for optimal branding. This well-maintained asset offers a strong foundation for growth and immediate income generation. The property's strategic location and excellent condition make it an attractive investment for discerning buyers seeking a high-traffic, well-maintained medical office building in a thriving Orlando market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,084,420

  6.5%

  $3,770,234

  7%

  $3,500,931

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,815,077

  Geo Method

  $2,815,077

• Alternative Use

  Use

  Valuation

  Residential

  $4,675,090

  Hospitality

  $4,282,357

  Educational

  $3,562,871

  Medical

  $3,685,404

  Retail

  $5,542,244

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.4494

Longitude

-81.4798

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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