Combined Medical Office
For Sale
$1,850,000
7560 RED BUG LAKE RD, Oviedo, FL 32765
Commercial Sale, OVIEDO, FL
Property Size4,690 SF
Lot Size0.03 Acres
Price / SF$394.46
Days on Market242
Property Features for 7560 RED BUG LAKE RD
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PUD
Subdivision
OVIEDO OFFICE PARK A CONDO
Lot features
Sidewalk, Street Lights, Paved
Directions
Red Bug Lake Rd to building
Standard status
Active
APN
20-21-31-506-0000-2014
Size
4,690 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
UNIT 2014 OVIEDO OFFICE PARK A CONDOMINIUM PB 74 PGS 40 - 41
Tax Annual Amount
5669
Legal Description
UNIT 2014 OVIEDO OFFICE PARK A CONDOMINIUM PB 74 PGS 40 - 41
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
2008
Building materials
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 4 at 10:06AM
MLS# O6371049
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.
Units 2010 and 2014 are combined on the second floor of a two-story elevator building at 7560 Red Bug Lake Rd in Oviedo. The property contains 4,690 square feet with two separate entrances and reception areas, along with a layout suited to medical or professional office use. Improvements include five exam rooms, three procedure rooms, an X-ray room with the machine included, four offices, a conference room, billing areas, flex rooms, storage, laundry, and two restrooms.
The building was constructed in 2008 and has tilt-up wall construction, central heating, and central air conditioning. The property is furnished with furniture and equipment, and is zoned PUD. Its location provides access to Red Bug Lake Rd, hospitals, and SR-417.
The building was constructed in 2008 and has tilt-up wall construction, central heating, and central air conditioning. The property is furnished with furniture and equipment, and is zoned PUD. Its location provides access to Red Bug Lake Rd, hospitals, and SR-417.
Key Highlights
- 4,690 SF across combined Units 2010 and 2014
- Two separate entrances and reception areas on the second floor
- Five exam rooms, three procedure rooms, and an X‑ray room
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
$70,069
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
3.79%
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%
$1,401,380
$1.4M
Cap Rate 7%
$1,000,986
$1.0M
Cap Rate 9%
$778,544
$778.5K
Market Conditions
NOI Build-Up for 4,690 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
$112.6K $24.00/SF
− Vacancy
−$19.1K −$4.08/SF
EGI
$93.4K $19.92/SF
− OpEx
−$23.4K −$4.98/SF
NOI
$70.1K $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%
$1,401,380
Cap Rate 7%
$1,000,986
Cap Rate 9%
$778,544
Alternative Uses
Best Use
Office B
$1.00M
$875.9K – $1.17M
NOI $70,069 @ 7.0% cap · market cap 3.79%
Second Best
Healthcare Medical
$955.2K
$835.8K – $1.11M
NOI $66,861 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,425 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road 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 medical office with elevator access, specialized clinical rooms, furnishings, and equipment in place.
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 $1,850,000.
What are key features of this property?
This property features: 4,690 SF across combined Units 2010 and 2014; Two separate entrances and reception areas on the second floor; Five exam rooms, three procedure rooms, and an X‑ray room
