Turnkey Medical Office
For Sale
$1,850,000
2014-7560 Red Bug Lake Rd, Oviedo, FL 32765
Second-floor medical office with two combined units, separate entrances and reception areas, fully furnished and equipped.
Property Size4,690 SF
Price / SF$394.46
Days on Market245
Property Features for 2014-7560 Red Bug Lake Rd
General Information
Standard status
Active
Size
4,690 SF
Class
Class A
Additional Details
Furnished
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,669
Building Details
Stories
2
Listing Agency:
RE/MAX TOWN & COUNTRY REALTY
(407) 695-2066
Listed By:
Maha Matta, PA · License #674141
(407) 340-6911
Source:
Exprealty
Added: Jan 8
Changed: Aug 21
Last Checked: Sep 9 at 6:56AM
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
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
$70,069
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%
$1,401,380
$1.4M
Cap Rate 7%
$1,000,986
$1.0M
Cap Rate 9%
$778,544
$778.5K
Market Conditions
NOI Build-Up for 4,690 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
$112.6K $24.00/SF
− Vacancy
−$19.1K −$4.08/SF
EGI
$93.4K $19.92/SF
− OpEx
−$23.4K −$4.98/SF
NOI
$70.1K $14.94/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$24.00 /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%
$1,401,380
Cap Rate 7%
$1,000,986
Cap Rate 9%
$778,544
Alternative Uses
Best Use
Office B
$1.00M
$875.9K – $1.17M
NOI $70,069 @ 7.0% cap · market cap 3.79%
Second Best
Healthcare Medical
$955.2K
$835.8K – $1.11M
NOI $66,861 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,425 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32765, FL
65,228
Population
23,389
Households
2.8
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
39.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$99,161
Median Household Income
$48,595
Median Earnings
$1,870
Median Rent
$418,600
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 - 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 $1,850,000.
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)
