10131 Colonial DrOcoee, FL 34761

Property Details for 10131 Colonial Dr

Year built

2001

Lot size

1.10 AC

Property size (Sq ft)

22,828 SF

Zone code

C-2

Property type

Office properties

Property subtype

Office buildings

APN

20-22-28-0000-00-051

APU

202228000000051

Description

This exceptional investment opportunity presents a two-building, Class B medical office complex in Ocoee, Florida. The West Orange Professional Center boasts a total of 46,780 square feet of leasable space, strategically situated at 10131 W Colonial Dr, 34761. Built in 2001, the property features two two-story buildings, offering multiple tenancy options. Its convenient location directly across from Orlando Health - Health Central Hospital provides unparalleled access to a significant patient base and medical professionals. The property benefits from ample parking, ensuring convenience for tenants and visitors. Excellent access to major roadways, including I-4, the Florida Turnpike, and State Road 408, enhances its appeal and accessibility. The property is zoned C1 & C2, allowing for a variety of commercial and medical uses. This well-maintained complex presents a strong investment opportunity for those seeking a prime location in a thriving medical corridor. The property's size and layout offer flexibility for various business needs, making it an ideal choice for established practices or new ventures seeking a high-visibility location. The combination of its prime location, ample parking, and convenient access to major transportation routes makes this property a highly desirable asset.

• CAP approach

  CAP return

  Valuation

  6%

  $4,496,928

  6.5%

  $4,151,010

  7%

  $3,854,510

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,584,681

  Geo Method

  $3,584,681

• Alternative Use

  Use

  Valuation

  Residential

  $5,147,253

  Hospitality

  $4,714,856

  Educational

  $3,922,705

  Medical

  $4,057,613

  Retail

  $6,101,985

Location Insight

City

Ocoee

County

Orange

State

Florida

Latitude

28.5523

Longitude

-81.5263

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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