Medical Center with 20
For Sale
$480,000
1326 FL-100, Melrose, FL 32666
Commercial Sale, Melrose, FL
Property Size2,624 SF
Lot Size0.64 Acres
Price / SF$182.93
Days on Market145
Property Features for 1326 FL-100
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Lot features
Cleared
Directions
North from Interlachen Hwy 315 to Hwy 100 in Grandin, turn right, property on left
Subdivision
572-Interlachen-NE
Standard status
Active
APN
080924320000100060
Size
2,624 SF
Lot size
0.64 Acres
Utilities
Sewer type
Private Sewer
Heating system
Central
Water source
Private, Well
Building Details
Floors in Building
1
Building materials
Concrete, Vinyl Siding
Roof type
Shingle
Listing Agency:
NICOSIA REALTY INC.
(386) 684-3100
Listed By:
KEVIN DURSCHER
(386) 972-6539
Added: Apr 20
Changed: Sep 2
Last Checked: Sep 11 at 6:06PM
MLS# 2141051
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,624-square-foot medical center occupies 0.64 acres along FL-100 in Melrose. The facility includes 20 rooms, including 6 exam rooms with two larger exam spaces, a reception area divided into three sections, an administrative office with six workstations, a nursing station, a lab draw room, and three bathrooms. Central heating, a shingle roof, concrete and vinyl siding, a parking lot, private well water, and private sewer serve the property.
The sale includes tangible and intangible practice assets. The established family medical practice has a twenty-year history that includes family medicine and obstetric care, with the site located less than 30 minutes from Gainesville. The property has previously operated as a Rural Health Center and remains eligible for RHC and NHSC participation.
The sale includes tangible and intangible practice assets. The established family medical practice has a twenty-year history that includes family medicine and obstetric care, with the site located less than 30 minutes from Gainesville. The property has previously operated as a Rural Health Center and remains eligible for RHC and NHSC participation.
Key Highlights
- 2,624 SF medical center on 0.64 acres along FL‑100
- 20‑room facility with 6 exam rooms, including two large rooms
- Reception area arranged in three sections
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,509
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$710,180
$710.2K
Cap Rate 7%
$507,271
$507.3K
Cap Rate 9%
$394,544
$394.5K
Market Conditions
NOI Build-Up for 2,624 SF
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.
Gross rent
$66.1K $25.20/SF
− Vacancy
−$6.9K −$2.65/SF
EGI
$59.2K $22.55/SF
− OpEx
−$23.7K −$9.02/SF
NOI
$35.5K $13.53/SF
Area
Putnam County, FL
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$710,180
Cap Rate 7%
$507,271
Cap Rate 9%
$394,544
Alternative Uses
Best Use
Healthcare Medical
$507.3K
$443.9K – $591.8K
NOI $35,509 @ 7.0% cap · market cap 7.40%
Second Best
Office B
$487.7K
$426.8K – $569.0K
NOI $34,142 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$683.4K
$597.9K – $797.3K
NOI $47,835 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 32666, FL
5,961
Population
3,398
Households
1.8
Avg Household Size
51
Median Age
30%
College-Educated
97%
High-School Grad
56.8 sq mi
ZIP Area
105
Density / Sq Mi
$66,540
Median Household Income
$35,669
Median Earnings
$519
Median Rent
$206,000
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical center - Established family medical practice with obstetric-care history and dedicated clinical, administrative, and laboratory areas.
Where is this medical center located?
The property is located at 1326 FL-100 Melrose, FL.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 2,624 SF medical center on 0.64 acres along FL‑100; 20‑room facility with 6 exam rooms, including two large rooms; Reception area arranged in three sections
