Elevator Medical Office
For Sale
$750,000
7560 RED BUG LAKE RD, Oviedo, FL 32765
Commercial Sale, OVIEDO, FL
Property Size1,652 SF
Lot Size0.02 Acres
Price / SF$453
Days on Market246
Property Features for 7560 RED BUG LAKE RD
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PUD
Window features
Aluminum Frames
Accessibility
Accessible Elevator Installed
Subdivision
OVIEDO OFFICE PARK A CONDO
Lot features
Sidewalk, Street Lights, Paved
Directions
Red Bug Lake Rd to the building
Standard status
Active
APN
20-21-31-506-0000-2010
Size
1,652 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
UNIT 2010 OVIEDO OFFICE PARK A CONDOMINIUM PB 74 PGS 40 - 41
Tax Annual Amount
6867
Legal Description
UNIT 2010 OVIEDO OFFICE PARK A CONDOMINIUM PB 74 PGS 40 - 41
Utilities
Sewer type
Septic Needed
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2008
Floors in Building
1
Building materials
Concrete, Metal Frame, Tilt up Walls
Listing Agency:
RE/MAX TOWN & COUNTRY REALTY · RE/MAX International
(407) 695-2066
Listed By:
Maha Matta, PA · License #674141
(407) 340-6911
Added: Jan 5
Changed: Aug 24
Last Checked: Sep 8 at 5:06AM
MLS# O6371029
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,652-square-foot medical office suite occupies the second floor of a two-story building constructed in 2008. The space is furnished and includes equipment, with concrete, metal-frame, and tilt-up wall construction. Central heating and central air conditioning support the interior, and an accessible elevator provides building access.
The property is located at 7560 Red Bug Lake Rd in Oviedo, Florida, near hospitals and SR-417. It carries PUD zoning and has public water service; septic is needed. The suite may be acquired individually or as part of a package that includes units 2010 and 2014, totaling about 4,700 SF.
The property is located at 7560 Red Bug Lake Rd in Oviedo, Florida, near hospitals and SR-417. It carries PUD zoning and has public water service; septic is needed. The suite may be acquired individually or as part of a package that includes units 2010 and 2014, totaling about 4,700 SF.
Key Highlights
- 1,652‑square‑foot second‑floor medical office suite
- Furnished space includes equipment
- Accessible elevator in a two‑story building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,681
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$493,620
$493.6K
Cap Rate 7%
$352,586
$352.6K
Cap Rate 9%
$274,233
$274.2K
Market Conditions
NOI Build-Up for 1,652 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.6K $24.00/SF
− Vacancy
−$6.7K −$4.08/SF
EGI
$32.9K $19.92/SF
− OpEx
−$8.2K −$4.98/SF
NOI
$24.7K $14.94/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$493,620
Cap Rate 7%
$352,586
Cap Rate 9%
$274,233
Alternative Uses
Best Use
Office B
$352.6K
$308.5K – $411.4K
NOI $24,681 @ 7.0% cap · market cap 3.29%
Second Best
Healthcare Medical
$336.4K
$294.4K – $392.5K
NOI $23,551 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$470.1K
$411.4K – $548.5K
NOI $32,908 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32765, FL
65,228
Population
23,389
Households
2.8
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
39.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$99,161
Median Household Income
$48,595
Median Earnings
$1,870
Median Rent
$418,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-floor professional suite with furniture, equipment, central HVAC, and accessible elevator service.
Where is this medical office space located?
The property is located at 7560 RED BUG LAKE RD Oviedo, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,652‑square‑foot second‑floor medical office suite; Furnished space includes equipment; Accessible elevator in a two‑story building
