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    17820 SE 109th Avenue Summerfield, FL 34491

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    For Lease
    $21 SF/Yr $5,250/Mo (calc)

    Office or medical space for rent near The Villages, Florida.

    Type:office.office_building,office.medical
    Property size:
    3,000 SF
    Added:
    Mar 7, 2026
    Days on Market:
    47
    Last Refresh:
    Mar 7 at 7:00 pm

    Property Features for 17820 SE 109th Avenue

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Property subtype
    office.office_building,office.medical

    We can help!

    Listing Contact
    Nick Robinson
    Nick Robinson

    Listing agent Nick Robinson License #FL SL3225031

    Listing office Avison Young - US - FL - Gainesville

    Listing date Mar 7, 2026

    Source Avisonyoung

    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 Avison Young - US - FL - Gainesville

    Overview

    Office or Medical Space Available

    Available for lease is a space ranging from 1,500 to 3,000 square feet suitable for office or medical use, complemented by ample parking facilities. The property is located adjacent to The Villages, Florida, a large and rapidly expanding 55+ community. Its location near UF Health enhances its appeal for medical tenants. The property offers visibility on US 27/441 and is within walking distance of restaurants and retailers.
    Location Intelligence

    Current Use by Public Records

    Gaitan German DDS Dental Office Villages Laser Dentistry Dental Office Value Dental Summerfield Dental Office Central Florida Spine ... Physician Dr. James Paraiso Health Care Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerfield
    County
    Marion
    State
    Florida
    Longitude
    -81.9701271
    Latitude
    28.9627519

    Nearby Similar for Lease

    • Contact for pricing

      Medical Office Space For Lease

      Shared medical office space available near Del Webb Spruce Creek.
      14031 DEL WEBB BOULEVARD, SUMMERFIELD, FL 34491
      View Details
    • $3/mo

      Summerfield Office Space on Highway

      Highly visible Summerfield office space suitable for medical or professional use.
      17809 SE 109TH Ave, Summerfield, FL 34491
      View Details
    • $21/mo

      Office or Medical Space Available

      Office or medical space for rent near The Villages.
      17820 SE 109th Ave, Summerfield, FL
      View Details
    • Contact for pricing

      Highway 441 Frontage Building

      New 3,000 Sq Ft Office/Medical/Retail Space for rent.
      17154 SE 109th Terrace Rd, Summerfield, FL 34491
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Office or medical space for rent near The Villages, Florida.
    Where is this medical office space located?
    The property is located at 17820 SE 109th Avenue Summerfield, FL.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Located immediately adjacent to The Villages, the largest and fastest‑growing 55+ community in the country.; Space available for office or medical use, ranging from 1,500 sf to 3,000 sf.; Close proximity to UF Health.
    (352) 565-4517
    We can help!
    Listing Contact
    Nick Robinson
    Nick Robinson
    Real Estate License ID: FL SL3225031
    Learn More
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    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
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