Turnkey Medical Office
2014-7560 Red Bug Lake Rd Oviedo, FL 32765
For Sale
$1,995,000
Second-floor medical office with two combined units, separate entrances and reception areas, fully furnished and equipped.
Property Size4,690 SF
Price / SF$425.37
Days on Market199
Property Features for 2014-7560 Red Bug Lake Rd
General Information
- Standard status
- Active
- Size
- 4,690 SF
Listing Agency:
RE/MAX TOWN & COUNTRY REALTY
(407) 340-6911
Listed By:
Maha Matta, PA · License #674141
(407) 340-6911
Source:
Exprealty
Added: Jan 8
Changed: Jul 25
Last Checked: Jul 25 at 1:10PM
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 RE/MAX TOWN & COUNTRY REALTY
Investment Insights
Based on property information with market context.
Class A medical/professional office suite located on the second floor of a two-story elevator building off Red Bug Lake Rd. The offering combines Unit 2010 and Unit 2014, with two separate entrances and reception areas. High-end finishes are in place throughout.
The suite is approximately 4,700 square feet in total and reflects a former medical use layout with five exam rooms, three procedure rooms, and an X-ray room with the X-ray machine included. Additional improvements include four offices, a conference room, billing areas, flex rooms, storage, laundry, and two restrooms.
The space is offered fully furnished and turnkey, including furniture and equipment. It may be purchased as a package or individually, depending on the selected unit.
The suite is approximately 4,700 square feet in total and reflects a former medical use layout with five exam rooms, three procedure rooms, and an X-ray room with the X-ray machine included. Additional improvements include four offices, a conference room, billing areas, flex rooms, storage, laundry, and two restrooms.
The space is offered fully furnished and turnkey, including furniture and equipment. It may be purchased as a package or individually, depending on the selected unit.
Key Highlights
- Class A second‑floor medical/professional office in a two‑story elevator building off Red Bug Lake Rd
- Two combined units (2010 & 2014) with approx. 4,700 SF total, two separate entrances and reception areas
- Former medical layout with 5 exam rooms, 3 procedure rooms, and an X‑ray room (X‑ray machine included)
Financial Insights For Office B
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 | $112.6k | $24.00 |
| − Vacancy | −$19.1k | −$4.08 |
| EGI | $93.4k | $19.92 |
| − OpEx | −$23.4k | −$4.98 |
| NOI | $70.1k | $14.94 |
4,690 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.00M
$875.9K – $1.17M
NOI $70,069 @ 7.0% cap · market cap 3.51%
Second Best
Healthcare Medical
$955.2K
$835.8K – $1.11M
NOI $66,861 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,425 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Banfield Pet Hospital — 1115 Vidina Pl #195, Oviedo, FL 32765
FAQs
What type of property is this?
Medical Office Space - Second-floor medical office with two combined units, separate entrances and reception areas, fully furnished and equipped.
Where is this medical office space located?
The property is located at 2014-7560 Red Bug Lake Rd Oviedo, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Class A second‑floor medical/professional office in a two‑story elevator building off Red Bug Lake Rd; Two combined units (2010 & 2014) with approx. 4,700 SF total, two separate entrances and reception areas; Former medical layout with 5 exam rooms, 3 procedure rooms, and an X‑ray room (X‑ray machine included)
