Medical Office Building with Exam
1415 NW 23rd Avenue Chiefland, FL 32626
1415 NW 23rd Avenue, Chiefland, FL, 32626
$750,000
For Sale
$750,000
Fully equipped medical office featuring 13 exam rooms and dedicated lab areas, plus two reception areas.
Property Size3,762 SF
Lot Size0.45 Acres
Price / SF$199.36
Days on Market1019
Property Features for 1415 NW 23rd Avenue
General Information
- Standard status
- Active
- Size
- 3,762 SF
- Lot size
- 0.45 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1997
Listing agency
FLORIDA HOMES REALTY & MORTGAGE
(904) 996-9115
Listed by
Robin Maglio · License #3398849
Source
Realtygroupfl
Added: Oct 8, 2023 Updated: Jul 22 at 2:18AM Checked: Jul 22 at 2:18AM
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 FLORIDA HOMES REALTY & MORTGAGE
Investment Insights
Based on property information with market context.
This fully equipped medical office building is designed for immediate operation and includes existing furniture and medical equipment. The layout features 13 exam rooms, two reception areas, two dedicated lab areas, and a well-equipped conference room. For everyday workflow and staff convenience, the building also includes a full kitchen and four well-maintained bathrooms.
The property sits on nearly half an acre and is centrally located with easy access to main roads for patient and staff convenience. Parking is accommodated on-site, and the lot allows for future expansion.
With its substantial build-out for clinical use, this is a strong option for an owner-operator medical practice looking to take advantage of a ready-to-occupy facility.
The property sits on nearly half an acre and is centrally located with easy access to main roads for patient and staff convenience. Parking is accommodated on-site, and the lot allows for future expansion.
With its substantial build-out for clinical use, this is a strong option for an owner-operator medical practice looking to take advantage of a ready-to-occupy facility.
Key Highlights
- 3762 SF medical office building built in 1997 on 0.45 acres
- 13 exam rooms for accommodating diverse medical services and specialties
- Two reception areas plus four bathrooms for patient and staff convenience
Local 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 | $85.8k | $22.80 |
| − Vacancy | −$6.9k | −$1.82 |
| EGI | $78.9k | $20.98 |
| − OpEx | −$31.6k | −$8.39 |
| NOI | $47.3k | $12.59 |
3,762 SF · lease $22.80/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$676.4K
$591.8K – $789.1K
NOI $47,347 @ 7.0% cap · market cap 6.31%
Second Best
Office B
$670.4K
$586.6K – $782.1K
NOI $46,927 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$931.8K
$815.3K – $1.09M
NOI $65,224 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A Woman's Place Inc
Family Planning Center
Hillary Lunn
Physician
Lauren Williams, ARNP
Physician
Similar For Sale Nearby
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- Suwannee Valley Veterinary Clinic — 2580 N Young Blvd, Chiefland, FL 32626
- Chiefland Animal Hospital — 2630 N Young Blvd, Chiefland, FL 32626
- Esler Darlene DVM — 2630 N Young Blvd, Chiefland, FL 32626
- Kathy Bowker, DVM — 2580 N Young Blvd, Chiefland, FL 32626
- Chiefland Animal Hospital: Ludwig Susan DVM — 2630 N Young Blvd, Chiefland, FL 32626
FAQs
What type of property is this?
Medical Office Space - Fully equipped medical office featuring 13 exam rooms and dedicated lab areas, plus two reception areas.
Where is this medical office space located?
The property is located at 1415 NW 23rd Avenue Chiefland, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3762 SF medical office building built in 1997 on 0.45 acres; 13 exam rooms for accommodating diverse medical services and specialties; Two reception areas plus four bathrooms for patient and staff convenience
