Medical Income Property Near
700 DOCTORS COURT Leesburg, FL 34748
700 DOCTORS COURT, Leesburg, FL, 34748
$1,249,000
For Sale
$1,249,000
Single tenant medical building in UF Health Medical Plaza.
Property Size4,028 SF
Lot Size0.54 Acres
Price / SF$310.08
Days on Market805
Property Features for 700 DOCTORS COURT
General Information
- Standard status
- Active
- Size
- 4,028 SF
- Lot size
- 0.54 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1997
Listing Agency
GRIZZARD COMMERCIAL REALESTATE
(352) 787-6966
Listed by
DANIEL TATRO · License #3190991
Source
Corcoran
Added: May 8, 2024 Updated: Jul 6 at 10:00 am Checked: Jul 19 at 4:08 am
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 GRIZZARD COMMERCIAL REALESTATE
Investment Insights
Based on property information with market context.
This offering features a 4,028 square foot single-tenant medical building situated in a medical park, directly across from the University of Florida Health at Leesburg Hospital. The tenant is UF Health Cardiology. The lease is NNN with approximately 4 years remaining on the initial 7-year term, with two 3-year options. The building and property are well-maintained. The site is a corner lot of approximately 0.53 acres, located at Doctors Court and Medical Plaza. The UF Medical Plaza includes maintained buildings, properties, and parking lots. The property is located an hour from Gainesville, Orlando, and Tampa, and minutes from The Villages. The property is intended for medical use. Shown by appointment only.
Key Highlights
- 5.47% CAP Rate on Medical Income Property
- Single Tenant Building Leased to UF Health Cardiology
- Located in UF Medical Plaza Across from UF Health at Leesburg Hospital
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 | $96.7k | $24.00 |
| − Vacancy | −$16.4k | −$4.08 |
| EGI | $80.2k | $19.92 |
| − OpEx | −$20.1k | −$4.98 |
| NOI | $60.2k | $14.94 |
4,028 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$859.7K
$752.2K – $1.00M
NOI $60,178 @ 7.0% cap · market cap 4.82%
Second Best
Healthcare Medical
$820.3K
$717.8K – $957.1K
NOI $57,423 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,238 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Wistar T. ...
Physician
Andrej Jivitski, MD
Physician
Chung S Peter ...
Physician
Joseph J. Murray, ...
Medical Clinic
Dr. Mario J. ...
Physician
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FAQs
What type of property is this?
Medical Office Space - Single tenant medical building in UF Health Medical Plaza.
Where is this medical office space located?
The property is located at 700 DOCTORS COURT Leesburg, FL.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 5.47% CAP Rate on Medical Income Property; Single Tenant Building Leased to UF Health Cardiology; Located in UF Medical Plaza Across from UF Health at Leesburg Hospital
