Medical Office with Exam
For Sale
$2,950,000
100-340 Heald Way, The Villages, FL 32163
A fully leased facility includes dedicated imaging, therapy, and administrative areas.
Property Size10,750 SF
Price / SF$274.42
Days on Market9
Property Features for 100-340 Heald Way
General Information
Standard status
Active
Size
10,750 SF
Net Rentable
10,000 SF
Occupancy
100%
Financials
Asking Price
$2,950,000
Cap Rate
8.54%
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$20,529
Building Details
Year Built
2016
Buildings
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
FLAMINGO REAL ESTATE & MNGMT
(352) 689-1000
Listed By:
Robbie Shoemaker
(352) 661-5733
Source:
Exprealty
Added: Oct 2
Changed: Oct 10
Last Checked: Oct 10 at 2:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FLAMINGO REAL ESTATE & MNGMT
Investment Insights
Based on property information with market context.
Built in 2016, this approximately 10,750-square-foot medical office contains 10,000 rentable square feet and is fully occupied by Upperline Health, Inc. Its clinical layout includes 21 exam rooms, two nurse stations, an X-ray suite, waiting and physical-therapy areas, and separate check-in and check-out spaces. Additional areas include administrative and business offices, a conference room, an employee break room, laundry, storage, and other support space.
The tenant lease has a six-year term with contractual 5% annual increases and four additional two-year renewal periods. The property is offered as a leasehold interest. Its ground lease has an initial 20-year term, with three 20-year extension options and one 19-year extension option; subject to exercise and lease conditions, the potential total term is 99 years. Ground lease expenses, real estate taxes, and landlord insurance are reimbursable by the tenant under the lease terms.
The property is within Colony Professional Plaza near County Road 466A and the Colony Plaza area. Sumter County has an estimated population of 157,772, with 57.6% of residents age 65 or older.
The tenant lease has a six-year term with contractual 5% annual increases and four additional two-year renewal periods. The property is offered as a leasehold interest. Its ground lease has an initial 20-year term, with three 20-year extension options and one 19-year extension option; subject to exercise and lease conditions, the potential total term is 99 years. Ground lease expenses, real estate taxes, and landlord insurance are reimbursable by the tenant under the lease terms.
The property is within Colony Professional Plaza near County Road 466A and the Colony Plaza area. Sumter County has an estimated population of 157,772, with 57.6% of residents age 65 or older.
Key Highlights
- 10,750‑square‑foot building with 10,000 rentable square feet; constructed in 2016
- Fully occupied by Upperline Health, Inc.
- Clinical layout includes 21 exam rooms, two nurse stations, and an X‑ray suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,017
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,300,340
$3.3M
Cap Rate 7%
$2,357,386
$2.4M
Cap Rate 9%
$1,833,522
$1.8M
Market Conditions
NOI Build-Up for 10,750 SF
Gross rent
$268.3K $24.96/SF
− Vacancy
−$48.3K −$4.49/SF
EGI
$220.0K $20.47/SF
− OpEx
−$55.0K −$5.12/SF
NOI
$165.0K $15.35/SF
Area
Sumter County, FL
Vacancy
18.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,300,340
Cap Rate 7%
$2,357,386
Cap Rate 9%
$1,833,522
Alternative Uses
Best Use
Office B
$2.36M
$2.06M – $2.75M
NOI $165,017 @ 7.0% cap · market cap 5.59%
Second Best
Healthcare Medical
$1.73M
$1.52M – $2.02M
NOI $121,228 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,430 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32163, FL
29,064
Population
20,061
Households
1.4
Avg Household Size
70
Median Age
49%
College-Educated
98%
High-School Grad
18.9 sq mi
ZIP Area
1,538
Density / Sq Mi
$94,565
Median Household Income
$31,881
Median Earnings
$1,969
Median Rent
$472,600
Median Home Value
Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A fully leased facility includes dedicated imaging, therapy, and administrative areas.
Where is this medical office space located?
The property is located at 100-340 Heald Way The Villages, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 10,750‑square‑foot building with 10,000 rentable square feet; constructed in 2016; Fully occupied by Upperline Health, Inc.; Clinical layout includes 21 exam rooms, two nurse stations, and an X‑ray suite
