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Medical Income Property Near UF

700 DOCTORS Ct Leesburg, FL 34748

700 DOCTORS Ct, 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

AddedMar 10

Days on Market129

Last RefreshJul 15 at 9:12 am

Property Features for 700 DOCTORS Ct

General Information

Standard status: Active
Size: 4,028 SF
Lot size: 0.54 Acres
Property subtype: Commercial

Building Details

Year Built: 1997

Listing office GRIZZARD COMMERCIAL REALESTATE

Listing date Mar 10, 2026

Source Elliman

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 is for a 4,028 square foot single-tenant medical building located 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, and includes two 3-year options. The building and property are well-maintained. The site is a corner lot of approximately 0.53 acres, situated at the intersection of Doctors Court and Medical Plaza. The UF Medical Plaza features maintained buildings, properties, and parking lots. The property is located an hour from Gainesville, Orlando, and Tampa, and minutes from The Villages. This is an excellent Central Florida investment opportunity.

Key Highlights

5.47% CAP Rate Investment Opportunity
Single Tenant Medical Building Leased to UF Health Cardiology
NNN Lease with Approximately 4 Years Remaining on Initial Term Plus Two 3‑Year Options

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $60,178 @ 7.0% cap · market cap 4.82%

Second Best

Healthcare Medical

$820.3K

$717.8K – $957.1K (±1% cap)

NOI $57,423 @ 7.0% cap · market cap 4.60%

Theoretical Best

Office A

$1.15M

$1.00M – $1.34M (±1% cap)

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

Suggested Use

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For sale
Medical Office Space
FL
Leesburg
34748
700 DOCTORS Ct

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 Ct 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 Investment Opportunity; Single Tenant Medical Building Leased to UF Health Cardiology; NNN Lease with Approximately 4 Years Remaining on Initial Term Plus Two 3‑Year Options