Medical Office Building For
For Sale
Contact for pricing
Pending
2020 Flamingo Dr, Bartow, FL
Medical office building near Bartow Regional Medical Center.
Property Size6,381 SF
Lot Size0.95 Acres
Days on Market905
Property Features for 2020 Flamingo Dr
General Information
Standard status
Pending
Size
6,381 SF
Lot size
0.95 Acres
Property subtype
OFFICE
Listing Agency:
Saunders Real Estate, LLC
(863) 648-1528
Listed By:
Sid Bhatt · License #BK3473551
(704) 930-8179
Source:
Moodyscre
Added: Apr 24, 2024
Changed: Aug 9
Last Checked: Aug 9 at 8:58PM
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 Saunders Real Estate, LLC
Investment Insights
Based on property information with market context.
This strategically located medical office building is available for sale to a qualified owner/user. The property is situated on a 0.95-acre lot and contains 6,381 square feet of space. The building is in close proximity to Bartow Regional Medical Center and various other medical facilities, such as Watson Clinic. The sales price is negotiable.
Key Highlights
- Strategically located medical office building.
- Close proximity to Bartow Regional Medical Center.
- Near various other medical facilities such as Watson Clinic.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,182
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,603,640
$1.6M
Cap Rate 7%
$1,145,457
$1.1M
Cap Rate 9%
$890,911
$890.9K
Market Conditions
NOI Build-Up for 6,381 SF
Gross rent
$149.3K $23.40/SF
− Vacancy
−$15.7K −$2.46/SF
EGI
$133.6K $20.94/SF
− OpEx
−$53.5K −$8.38/SF
NOI
$80.2K $12.57/SF
Area
Polk County, FL
Vacancy
10.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,603,640
Cap Rate 7%
$1,145,457
Cap Rate 9%
$890,911
Alternative Uses
Best Use
Healthcare Medical
$1.15M
$1.00M – $1.34M
NOI $80,182 @ 7.0% cap · market cap 5.55%
Second Best
Office B
$1.12M
$979.9K – $1.31M
NOI $78,391 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,339 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Main Street Veterinary Center — 770 E Main St, Bartow, FL 33830
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building near Bartow Regional Medical Center.
Where is this medical office space located?
The property is located at 2020 Flamingo Dr Bartow, FL.
What is the asking price?
The asking price for this property is $1,444,651.
What are key features of this property?
This property features: Strategically located medical office building.; Close proximity to Bartow Regional Medical Center.; Near various other medical facilities such as Watson Clinic.
