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 Market852
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
(704) 930-8179
Listed By:
Sid Bhatt · License #SL3562516
(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 = 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
$80,182
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
5.55%
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%
$1,603,640
$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
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
$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 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%
$1,603,640
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 - 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.
