Class A Medical/Professional
7560 RED BUG LAKE RD Oviedo, FL 32765
7560 RED BUG LAKE RD, Oviedo, FL, 32765
$1,995,000
For Sale
$1,995,000
SINGLE_FAMILY - OVIEDO, FL
Property Size4,690 SF
Lot Size0.03 Acres
Price / SF$425.37
Days on Market197
Property Features for 7560 RED BUG LAKE RD
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- PUD
- 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
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
(407) 695-2066
1315 Tuskawilla Rd #101, Winter Park, FL
Listed by
Maha Matta, PA · License #674141
(407) 340-6911
Added: Jan 5 Updated: Jul 20 at 8:44 pm Checked: Jul 21 at 12:06 am
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.
This Class A medical/professional office space is located on the second floor of a two-story elevator building off Red Bug Lake Rd. The property consists of two combined units, 2010 and 2014, with two separate entrances and reception areas. The total area is approximately 4,700 square feet. The space features high-end, upscale finishes throughout. Formerly used for medical purposes, the layout includes 5 exam rooms, 3 procedure rooms, an X-ray room (including the X-ray machine), 4 offices, a conference room, billing areas, flex rooms, storage, laundry facilities, and 2 restrooms. The property is fully furnished and turnkey, including furniture and equipment. It is located minutes from hospitals and SR-417. The property has a PUD zoning and sits on a lot of 0.03 acres.
Key Highlights
- Turnkey and fully furnished medical/professional office space, including furniture and equipment.
- Approximately 4,700 SF with two combined units, offering flexibility and dual entrances.
- High‑end, upscale finishes throughout the entire space.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.6k | $24.00 |
| − Vacancy | −$19.1k | −$4.08 |
| EGI | $93.4k | $19.92 |
| − OpEx | −$23.4k | −$4.98 |
| NOI | $70.1k | $14.94 |
4,690 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.00M
$875.9K – $1.17M
NOI $70,069 @ 7.0% cap · market cap 3.51%
Second Best
Healthcare Medical
$955.2K
$835.8K – $1.11M
NOI $66,861 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,425 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Allergy & Asthma Consultants ...
Medical Clinic
C3Research
Advertising Agency
Dr. Eugene F. ...
Physician
Oviedo Office Park
Business Service Center
Neurology Children's Specialty ...
Pediatrician
Similar For Sale Nearby
Similar Off Market Nearby
- Banfield Pet Hospital — 1115 Vidina Pl #195, Oviedo, FL 32765
FAQs
What type of property is this?
Medical Office Space - Turnkey medical/professional office space in Oviedo, Florida.
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 $1,995,000.
What are key features of this property?
This property features: Turnkey and fully furnished medical/professional office space, including furniture and equipment.; Approximately 4,700 SF with two combined units, offering flexibility and dual entrances.; **High‑end, upscale finishes throughout the entire space.**
