Cap Rate Research / Medical Office
Orlando Medical Office Cap Rates by Submarket — 2026
Orlando medical office (MOB) cap rates remain the tightest healthcare real estate segment in Central Florida. Credit-tenant MOB anchored by AdventHealth, Orlando Health, and Nemours trades 5.75% – 6.75%, with on-campus and hospital-anchored product compressing tightest. Off-campus MOB trades 6.0% – 7.25% depending on tenant credit, lease term, and proximity to hospital systems.
Medical Office Cap Rates by Central Florida Submarket
| Segment | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Medical Office (MOB) | 5.75% - 6.75% | → Stable | Credit-tenant MOB trades tightest in the Orlando metro. |
| Segment | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Medical Office | 5.75% - 7.0% | → Stable | AdventHealth and independent practice demand. |
| Segment | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Medical Office | 6.25% - 7.25% | → Stable | Dr. Phillips Hospital anchors demand. |
| Segment | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Medical Office | 6.0% - 7.25% | → Stable | Affluent demographics drive specialist practices. |
| Segment | Cap Rate Range | Trend | Notes |
|---|---|---|---|
| Medical Office | 6.0% - 7.0% | → Stable | Hospital campus anchors demand. |
Medical Office Cap Rate FAQ
What is the cap rate for medical office in Orlando?
Credit-tenant medical office in Orlando trades 5.75% – 6.75% as of 2026. On-campus and hospital-anchored MOB compresses to the tighter end of the range; off-campus and multi-tenant MOB trades 6.0% – 7.25%.
Why are medical office cap rates lower than general office?
Medical office benefits from sticky tenancy, expensive build-outs that disincentivize relocation, and long-term healthcare system anchoring. Combined with strong demographic tailwinds, MOB consistently trades 100 – 200 bps tighter than general office in Orlando.
Which Orlando submarkets have the tightest medical office cap rates?
Lake Nona (anchored by Medical City), Maitland/Winter Park (AdventHealth concentration), and Sand Lake/Dr. Phillips (Dr. Phillips Hospital) see the tightest MOB pricing — typically 5.75% – 6.75% for credit-tenant product.