Leased Professional Office
For Sale
$750,000
154-910 Old Camp Rd, The Villages, FL 32162
Fully leased professional office unit with a reception area, offices, break room, and two restrooms plus finished upstairs space.
Property Size1,850 SF
Price / SF$405.41
Days on Market488
Property Features for 154-910 Old Camp Rd
General Information
Standard status
Active
Size
1,850 SF
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$4,146
Listing Agency:
AKIN REALTY COMPANY
(352) 266-7795
Listed By:
Fran Dann-Akin · License #544440
(352) 266-7795
Source:
Exprealty
Added: Apr 22, 2025
Changed: Aug 21
Last Checked: Aug 21 at 2:09PM
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 AKIN REALTY COMPANY
Investment Insights
Based on property information with market context.
This for-sale office unit is offered as a fully leased professional space with a practical interior layout. The space includes a lobby and reception area, multiple offices, a storage room, a break room, and two restrooms. Finished upstairs space is also included, providing an additional 350 SF for an office or storage use, with that 350 SF counted within the stated 1,850 SF total.
Located in The Villages next to Lake Sumter Landing, the unit benefits from a central professional setting within the community. The property is identified as Unit 154, 910 Old Camp Rd.
For tenants, buyers, and operators seeking an office environment with dedicated reception, back-office support spaces, and separate restrooms, this configuration is designed for day-to-day use. The space is being marketed as investment/ownership with the unit currently fully leased, allowing new ownership to assume an operating tenant arrangement. For the 2025 tax year, the reported property taxes for Unit 154 are $4,219, with taxes shown as $8,438 for the whole building shared 50/50 between Units 151 and 154.
Located in The Villages next to Lake Sumter Landing, the unit benefits from a central professional setting within the community. The property is identified as Unit 154, 910 Old Camp Rd.
For tenants, buyers, and operators seeking an office environment with dedicated reception, back-office support spaces, and separate restrooms, this configuration is designed for day-to-day use. The space is being marketed as investment/ownership with the unit currently fully leased, allowing new ownership to assume an operating tenant arrangement. For the 2025 tax year, the reported property taxes for Unit 154 are $4,219, with taxes shown as $8,438 for the whole building shared 50/50 between Units 151 and 154.
Key Highlights
- Fully leased professional office unit (Unit 154) with 1,850 SF for sale
- Professional layout includes lobby, reception, offices, storage room, break room, and two restrooms
- Finished upstairs space includes an additional 350 SF office or storage (included in 1,850 SF total)
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
$28,398
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
3.79%
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%
$567,960
$568.0K
Cap Rate 7%
$405,686
$405.7K
Cap Rate 9%
$315,533
$315.5K
Market Conditions
NOI Build-Up for 1,850 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
$46.2K $24.96/SF
− Vacancy
−$8.3K −$4.49/SF
EGI
$37.9K $20.47/SF
− OpEx
−$9.5K −$5.12/SF
NOI
$28.4K $15.35/SF
Area
Sumter County, FL
Vacancy
18.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$567,960
Cap Rate 7%
$405,686
Cap Rate 9%
$315,533
Alternative Uses
Best Use
Office B
$405.7K
$355.0K – $473.3K
NOI $28,398 @ 7.0% cap · market cap 3.79%
Second Best
Healthcare Medical
$298.0K
$260.8K – $347.7K
NOI $20,862 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$529.6K
$463.4K – $617.9K
NOI $37,074 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32162, FL
51,905
Population
37,824
Households
1.4
Avg Household Size
74
Median Age
42%
College-Educated
98%
High-School Grad
22.8 sq mi
ZIP Area
2,277
Density / Sq Mi
$73,927
Median Household Income
$27,310
Median Earnings
$1,497
Median Rent
$358,100
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 Office Space - Fully leased professional office unit with a reception area, offices, break room, and two restrooms plus finished upstairs space.
Where is this medical office space located?
The property is located at 154-910 Old Camp Rd The Villages, 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: Fully leased professional office unit (Unit 154) with 1,850 SF for sale; Professional layout includes lobby, reception, offices, storage room, break room, and two restrooms; Finished upstairs space includes an additional 350 SF office or storage (included in 1,850 SF total)
