Clermont Medical Office
For Sale
$1,750,000
Pending
1135 LAKE AVENUE, Clermont, FL 34711
Two-story medical office building in Clermont with turnkey space.
Property Size9,035 SF
Lot Size0.96 Acres
Days on Market538
Property Features for 1135 LAKE AVENUE
General Information
Standard status
Pending
Size
9,035 SF
Lot size
0.96 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1960
Listing Agency:
WATSON REALTY CORP., REALTORS
(352) 874-5241
Listed By:
Ellen Tidwell · License #552780
(352) 874-5241
Source:
Exitrealty
Added: Feb 10, 2025
Changed: Jul 6
Last Checked: Aug 2 at 7:24AM
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 WATSON REALTY CORP., REALTORS
Investment Insights
Based on property information with market context.
This two-story medical office building, located within Clermont city limits, offers over 9,000 square feet of turnkey space suitable for medical practices or traditional office use. The property is situated on a corner lot with high visibility. The first floor features a lobby and reception area, a nurse workstation, an insurance office, a procedure room, private exam rooms, private offices, and three restrooms. The second floor includes a conference room, a private office, a storage room, a staff kitchenette, and a restroom. Approximately 48 open parking spaces are available, along with 5 spaces under a covered carport. The property has C-1 zoning and public utilities. It has frontage on State Road 50 and is a short drive to Orlando Health South Lake Hospital, Advent Health Clermont Emergency Room, Highway 27, Florida Turnpike, and State Road 429.
Key Highlights
- Prime commercial building in the heart of Clermont city limits.
- Highly visible corner lot location.
- Turnkey 9,000+ sq ft space ideal for medical or traditional office use.
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 | $216.8k | $24.00 |
| − Vacancy | −$36.9k | −$4.08 |
| EGI | $180.0k | $19.92 |
| − OpEx | −$45.0k | −$4.98 |
| NOI | $135.0k | $14.94 |
9,035 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.93M
$1.69M – $2.25M
NOI $134,983 @ 7.0% cap · market cap 7.71%
Second Best
Healthcare Medical
$1.84M
$1.61M – $2.15M
NOI $128,803 @ 7.0% cap · market cap 7.36%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $179,977 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,222
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34711, FL
67,980
Population
28,127
Households
2.4
Avg Household Size
45
Median Age
36%
College-Educated
95%
High-School Grad
39.2 sq mi
ZIP Area
1,734
Density / Sq Mi
$88,474
Median Household Income
$46,456
Median Earnings
$1,817
Median Rent
$369,900
Median Home Value
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
- South Lake Animal Hospital — 1067 State Rte 50, Clermont, FL 34711
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story medical office building in Clermont with turnkey space.
Where is this medical office space located?
The property is located at 1135 LAKE AVENUE Clermont, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Prime commercial building in the heart of Clermont city limits.; Highly visible corner lot location.; Turnkey 9,000+ sq ft space ideal for medical or traditional office use.
