Leased Medical Office
For Sale
Contact for pricing
Pending
2020 Flamingo Dr, Bartow, FL 33830
Medical office building on a NNN lease with a new 7-year term and recent roof, HVAC, and life-safety improvements.
Property Size6,381 SF
Days on Market832
Property Features for 2020 Flamingo Dr
General Information
Standard status
Pending
Size
6,381 SF
Property subtype
OFFICE
Listing Agency:
Saunders Real Estate, LLC
(704) 930-8179
Listed By:
Sid Bhatt · License #SL3562516
(704) 930-8179
Source:
Moodyscre
Added: Apr 24, 2024
Changed: Jul 25
Last Checked: Jul 25 at 5:36AM
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 Saunders Real Estate, LLC
Investment Insights
Based on property information with market context.
This medical office building is offered for sale as a leased, long-term investment under a new 7-year NNN lease with a national corporate tenant. The property is on a 0.95-acre lot and includes recent capital improvements, including an updated roof, HVAC systems, a fire suppression system, and an alarm system, along with approximately $300,000 in tenant improvements.
The building is located near Bartow Regional Medical Center and Watson Clinic, positioning it in a medical-focused area.
The lease includes rent escalations and renewal options, supporting durable, ongoing cash flow for investors.
The building is located near Bartow Regional Medical Center and Watson Clinic, positioning it in a medical-focused area.
The lease includes rent escalations and renewal options, supporting durable, ongoing cash flow for investors.
Key Highlights
- Medical office building on a 0.95‑acre lot leased to a national corporate tenant under a new 7‑year NNN lease
- Leased near Bartow Regional Medical Center and Watson Clinic
- Approximately $300k in tenant improvements including a new roof, HVAC systems, fire suppression system, and alarm system
Financial Insights For Healthcare Medical
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 | $149.3k | $23.40 |
| − Vacancy | −$15.7k | −$2.46 |
| EGI | $133.6k | $20.94 |
| − OpEx | −$53.5k | −$8.38 |
| NOI | $80.2k | $12.57 |
6,381 SF · lease $23.40/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.15M
$1.00M – $1.34M
NOI $80,182 @ 7.0% cap · market cap 5.55%
Second Best
Office B
$1.12M
$979.9K – $1.31M
NOI $78,391 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,339 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33830, FL
29,926
Population
11,989
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
120.5 sq mi
ZIP Area
248
Density / Sq Mi
$62,636
Median Household Income
$37,078
Median Earnings
$1,017
Median Rent
$207,900
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
- Main Street Veterinary Center — 770 E Main St, Bartow, FL 33830
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building on a NNN lease with a new 7-year term and recent roof, HVAC, and life-safety improvements.
Where is this medical office space located?
The property is located at 2020 Flamingo Dr Bartow, FL.
What is the asking price?
The asking price for this property is $1,444,651.
What are key features of this property?
This property features: Medical office building on a 0.95‑acre lot leased to a national corporate tenant under a new 7‑year NNN lease; Leased near Bartow Regional Medical Center and Watson Clinic; Approximately $300k in tenant improvements including a new roof, HVAC systems, fire suppression system, and alarm system
