VA Outpatient Medical
1390 E BURLEIGH BLVD, Tavares, FL 32778
For Sale
New
Contact for pricing
A federal healthcare tenant occupies the facility under a firm lease extending through January 2036.
Property Size9,995 SF
Lot Size1.90 Acres
Price / SF$453.08
Days on Market5
Property Features for 1390 E BURLEIGH BLVD
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Financials
Asking Price
Cap Rate
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Road Access
Property Use
Building Details
Buildings
Tenancy
Owner Occupied
Abandoned
Listing Agency:
Matthews
Listed By:
Jacob Allen · License FL #3558421
Source:
Crexi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 2:14PM
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 Matthews
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Investment Insights
Based on property information with market context.
This 9,995-square-foot outpatient medical facility occupies approximately 1.90 acres in Tavares. The United States, through the Department of Veterans Affairs, leases the building under a new 10-year firm term that runs through January 2036. The VA has operated at this site since 2016. The property has undergone roof, parking-area, interior, and security-system improvements. Its reported going-in cap rate is 7.50%.
The clinic is at 1390 E. Burleigh Boulevard, directly across from AdventHealth Waterman. The road carries approximately 52,000 vehicles per day, and the site provides 90 parking spaces. The location is also near other healthcare providers and outpatient medical services.
The clinic is at 1390 E. Burleigh Boulevard, directly across from AdventHealth Waterman. The road carries approximately 52,000 vehicles per day, and the site provides 90 parking spaces. The location is also near other healthcare providers and outpatient medical services.
Key Highlights
- 9,995‑square‑foot outpatient healthcare facility
- Approximately 1.90 acres with 90 parking spaces
- VA occupancy since 2016; new 10‑year firm lease runs through January 2036
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,221
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,744,420
$2.7M
Cap Rate 7%
$1,960,300
$2.0M
Cap Rate 9%
$1,524,678
$1.5M
Market Conditions
NOI Build-Up for 9,995 SF
Gross rent
$251.9K $25.20/SF
− Vacancy
−$23.2K −$2.32/SF
EGI
$228.7K $22.88/SF
− OpEx
−$91.5K −$9.15/SF
NOI
$137.2K $13.73/SF
Area
Lake County, FL
Vacancy
9.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,744,420
Cap Rate 7%
$1,960,300
Cap Rate 9%
$1,524,678
Alternative Uses
Best Use
Healthcare Medical
$1.96M
$1.72M – $2.29M
NOI $137,221 @ 7.0% cap · market cap 3.03%
Second Best
Office B
$1.92M
$1.68M – $2.24M
NOI $134,657 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$3.22M
$2.82M – $3.76M
NOI $225,607 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
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Business Placement
Demographics for 32778, FL
23,993
Population
12,720
Households
1.9
Avg Household Size
52
Median Age
25%
College-Educated
88%
High-School Grad
25.4 sq mi
ZIP Area
945
Density / Sq Mi
$61,815
Median Household Income
$40,942
Median Earnings
$1,384
Median Rent
$241,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical center - A federal healthcare tenant occupies the facility under a firm lease extending through January 2036.
Where is this medical center located?
The property is located at 1390 E BURLEIGH BLVD Tavares, FL.
What is the asking price?
The asking price for this property is $4,528,521.
What are key features of this property?
This property features: 9,995‑square‑foot outpatient healthcare facility; Approximately 1.90 acres with 90 parking spaces; VA occupancy since 2016; new 10‑year firm lease runs through January 2036
