Turnkey Family Medical Practice
For Sale
$480,000
1326 State Road 100, Melrose, FL 32666
Well-maintained 20-room family practice with obstetric care, administrative support space, and Rural Health Center eligibility.
Property Size2,624 SF
Price / SF$182.93
Days on Market114
Property Features for 1326 State Road 100
General Information
Standard status
Active
Size
2,624 SF
Additional Details
Business Included
Yes
Listing Agency:
NICOSIA REALTY INC.
(386) 972-6539
Listed By:
KEVIN DURSCHER
(386) 972-6539
Source:
Exprealty
Added: Apr 21
Changed: Jul 10
Last Checked: Aug 11 at 12:31PM
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 NICOSIA REALTY INC.
Investment Insights
Based on property information with market context.
This well-kept facility operates as an active family medical practice and is offered as a turnkey operation. The building includes 20 rooms, including six exam rooms with two larger rooms, plus a three-section reception area. Additional supporting space features a large administrative office with six workstations, a nursing station, a lab draw room, and three bathrooms. Tangible and intangible practice assets are included with the property.
The practice has a twenty-year history serving the community, and it is located less than 30 minutes from Gainesville. The site has been a Rural Health Center and remains eligible to stay in the RHC program as an NHSC site, which may be relevant for providers seeking loan repayment assistance.
This offering is best suited for a qualified provider or healthcare group seeking an established primary care and obstetric-capable practice setup. The current exam, reception, administrative, nursing, and lab draw configuration supports front-end patient flow and ongoing day-to-day operations, with continued Rural Health Center participation eligibility described for the site.
The practice has a twenty-year history serving the community, and it is located less than 30 minutes from Gainesville. The site has been a Rural Health Center and remains eligible to stay in the RHC program as an NHSC site, which may be relevant for providers seeking loan repayment assistance.
This offering is best suited for a qualified provider or healthcare group seeking an established primary care and obstetric-capable practice setup. The current exam, reception, administrative, nursing, and lab draw configuration supports front-end patient flow and ongoing day-to-day operations, with continued Rural Health Center participation eligibility described for the site.
Key Highlights
- Established family medical practice with both family practice and obstetric care
- More than 2,000 patients with a 20‑year history in the community
- 20 rooms total, including 6 exam rooms (two large rooms) and a lab draw room
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
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Well-maintained 20-room family practice with obstetric care, administrative support space, and Rural Health Center eligibility.
Where is this medical center located?
The property is located at 1326 State Road 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: Established family medical practice with both family practice and obstetric care; More than 2,000 patients with a 20‑year history in the community; 20 rooms total, including 6 exam rooms (two large rooms) and a lab draw room
