Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    3711 S Highway 27 Clermont, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Multi-tenant medical office complex with build-to-suit opportunity.

    Type:OFFICE
    Property size:
    89,000 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $112/SF
    Added:
    Aug 1, 2023
    Days on Market:
    1004
    Last Refresh:
    Apr 5 at 10:08 pm

    Property Features for 3711 S Highway 27

    General Information

    Standard status
    Active
    Size
    89,000 SF
    Lot size
    0.40 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 3711 S Highway 27 Contact us

    We can help!

    Listing Contact
    Jessica Fleming
    Jessica Fleming

    Listing agent Jessica Fleming License #SL3164262

    Listing office Millenia Partners

    Listing date Aug 1, 2023

    Source Moodyscre

    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 Millenia Partners

    Overview

    Multi-Tenant Medical Office Complex

    This multi-tenant medical office complex presents a build-to-suit opportunity for sale or lease. It is a new development with 89,000 square feet remaining and the ability to add to the Development of Regional Impact (DRI) vertically. The property is pad ready and has 89,000 square feet remaining in DRI potential, with the ability to add an additional 100,000 square feet vertically.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clermont
    County
    Lake
    State
    Florida
    Longitude
    -81.7224
    Latitude
    28.5117

    Nearby Similar for Sale

    • $777,000
      3,226 SF

      Clermont Duplex with Redevelopment Potential

      Duplex in downtown Clermont with potential for expansion.
      560/562 W JUNIATA STREET, CLERMONT, FL 34711
      View Details
    • $149,900

      RV Lot in Gated Resort

      Deeded RV lot with amenities near Walt Disney World.
      16329 CHERRY TREE COURT, CLERMONT, FL 34714
      View Details
    • $124,900

      RV Lot in Elite Resort

      Luxury RV resort lot with short-term rental flexibility.
      2410 LIMEWOOD AVENUE, CLERMONT, FL 34714
      View Details
    • $125,000

      Land with Converted Shed

      Land with converted shed, gazebo, and community amenities.
      20285 US HWY 27, CLERMONT, FL 34715
      View Details
    • $130,000

      RV Lot in Elite Resort

      Spacious RV lot with privacy in a desirable resort.
      2418 LIMEWOOD AVENUE, CLERMONT, FL 34714
      View Details
    • $1,350,000
      5,000 SF

      New Clermont Industrial/Flex Space

      5,000 SF industrial/flex space for sale in Clermont, Florida.
      13615 GRANVILLE AVENUE D, CLERMONT, FL 34711
      View Details
    • $1,750,000
      9,035 SF

      Clermont Medical Office Building

      Two-story medical office building in Clermont with turnkey space.
      1135 LAKE AVENUE, CLERMONT, FL 34711
      View Details
    • $595,000
      1,078 SF

      Historic Clermont Commercial Building For Sale

      Two-story commercial building in Historic Downtown Clermont, extensively renovated.
      827 W MONTROSE STREET, CLERMONT, FL 34711
      View Details
    • $5,096,000

      Citrus Tower Blvd Office Park

      100% occupied office/retail property in Clermont, Florida.
      423 Citrus Tower Blvd. , Clermont, FL 34711
      View Details
    • $2,373,050
      2,985 SF

      Fully Occupied Retail Investment Property

      100% occupied retail property in Cross Ridge Exchange development.
      2605 US-27, Clermont, FL 34711
      View Details
    • $599,990
      2,042 SF

      Upgraded Clermont Home Near Winter Garden

      Nearly new 4-bedroom home with premium upgrades and modern amenities.
      16966 CEDAR VALLEY CIRCLE, CLERMONT, FL 34711
      View Details
    • $1,200,000
      3,603 SF

      Clermont Commercial Development Opportunity

      Commercial zoned property in a rapidly developing Clermont area.
      651 W DESOTO STREET, CLERMONT, FL 34711
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Multi-tenant medical office complex with build-to-suit opportunity.
    Where is this medical office space located?
    The property is located at 3711 S Highway 27 Clermont, FL.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: 89,000 sqft remaining with DRI potential.; Ability to add 100k sqft vertically.; Multi‑Tenant Medical Office Complex.
    (407) 370-3211 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jessica Fleming
    Jessica Fleming
    Real Estate License ID: SL3164262
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!