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Owner-User Suite + National Tenant (NNN) 5515 Vista View Way 6,364 SF 6% Leased Office Building Oviedo, FL 32765 $2,425,000 ($381.05/SF) 6.52% Cap Rate
INVESTMENT HIGHLIGHTS
- Great owner operator opportunity - Occupy one suite and benefit from rental income next door
- Marble floors, high-end fixtures, natural light
- Less than 1 mile from SR-417 (Central Florida Tollway)
- Prime visibility along SR 426 (Aloma Avenue) with 30,000 vehicles per day
- Ample parking + Monument Signage
- Easy access to Oviedo, Winter Park, and Orlando suburbs
EXECUTIVE SUMMARY
The .87-acre parcel consists of the primary building and an ample asphalt parking surface with 32 paces. The 6,364 SF single-story building was custom-built in 2018. The building includes two professional office suites of approximately 3,000 SF each. This contemporary building includes all modern features and systems, including alarms, sprinklers, and high-end professional equipment, features, and finishes. The building is beautiful, with an attractive facade, a soaring entryway, sixteen-foot interior ceilings, and polished marble floors.
The building includes two independent suites with a common entrance: Suite 1001 is 2,987 SF and includes a large showroom, display room, four large offices (one with a shower), a breakroom, and three restrooms. This unit was constructed and used as a spa and a retail showroom.
Suite 1002 includes 2,860 SF and is a fully equipped dental office facility with six treatment rooms, an office, equipment, and work/lab rooms, a restroom, reception/admin office, and a large conference room. Suite 1002 space is presently leased to a nationally recognized dental care provider, Heartland Dental, under a NNN lease through January 2028, with 2% annual rent escalations, and two five-year renewal options.
Suite 1001 is presently available for lease at a scheduled rent rate of $28.00 per SF (for a multi-year lease NNN). Suite 1001 Owner-users can occupy this suite while enjoying income from the national tenant next door - an excellent way to offset mortgage costs with stable rental income.
Owner operator may qualify for an SBA loan with a 15-20% down-payment.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$158,025
|
$24.83
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $158,025 |
| Annual Per SF | $24.83 |
PROPERTY FACTS
AMENITIES
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Kandor Dental
- Health Care and Social Assistance
- -
- -
- -
Kandor started as a dream of Dr. Lourdes Cruz and Dr. José Alberty, to combine in the same place the concepts of wellness and beauty. Kandor Dental represents the wellness presided by Dr. Figueroa and Marilyn Monroe Glamour, representing the beauty. As a primary means of communication, a great smile can make a lasting impression. A natural looking smile can enhance one’s appearance, self-esteem, and lead to success in both the social and business world. Our office understands the importance of a great smile. Our mission is to provide exceptional dental care with an emphasis on providing the utmost in customer service. In an era where everyone preaches quality and perfection, we prefer to let the experience be the standard with which our office is measured.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Kandor Dental | Health Care and Social Assistance | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Now available for lease, this is a very attractive Retail/Office Suite located in a highly visible, two-unit building on SR 426 in the heart of Oviedo.? The space offers approximately 2,987 SF plus access to shared common areas.? The suite features a large open showroom or collaborative work area, four private offices, a dedicated display room, a breakroom, and three restrooms - one of which includes a shower.? Other features include elegant marble flooring, upscale fixtures, and expansive floor-to-ceiling windows that fill the space with natural light, creating a bright and professional environment with a warm, inviting feel.? The reception area is located at the building’s main entrance for added convenience and branding potential.? Ideal uses include medical offices, outpatient care, optometry or eyeglass retailers, law or accounting firms, insurance providers, architectural or engineering services, interior design studios, retail or showroom concepts, spas, or small professional schools.? Previously used as a salon/spa and retail showroom with offices, this flexible layout suits a wide range of potential tenants.? The building offers ample parking and includes both building façade and monument signage opportunities.? Tenants benefit from 24/7 access.? Utilities from shared services are billed directly to the tenant by the landlord.? The adjacent suite is currently occupied by an established dental services provider, further enhancing the professional setting.?
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 101 | 2,987 SF | Office/Retail | Full Build-Out | Now |
1st Fl-Ste 101
| Size |
| 2,987 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 101
| Size | 2,987 SF |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Now |
Now available for lease, this is a very attractive Retail/Office Suite located in a highly visible, two-unit building on SR 426 in the heart of Oviedo.? The space offers approximately 2,987 SF plus access to shared common areas.? The suite features a large open showroom or collaborative work area, four private offices, a dedicated display room, a breakroom, and three restrooms - one of which includes a shower.? Other features include elegant marble flooring, upscale fixtures, and expansive floor-to-ceiling windows that fill the space with natural light, creating a bright and professional environment with a warm, inviting feel.? The reception area is located at the building’s main entrance for added convenience and branding potential.? Ideal uses include medical offices, outpatient care, optometry or eyeglass retailers, law or accounting firms, insurance providers, architectural or engineering services, interior design studios, retail or showroom concepts, spas, or small professional schools.? Previously used as a salon/spa and retail showroom with offices, this flexible layout suits a wide range of potential tenants.? The building offers ample parking and includes both building façade and monument signage opportunities.? Tenants benefit from 24/7 access.? Utilities from shared services are billed directly to the tenant by the landlord.? The adjacent suite is currently occupied by an established dental services provider, further enhancing the professional setting.?
PROPERTY TAXES
| Parcel Number | 31-21-31-515-0000-0050 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,816,687 |
PROPERTY TAXES
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Owner-User Suite + National Tenant (NNN) | 5515 Vista View Way
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