Medical Office Building Investment
2020 Flamingo Drive, Bartow, FL 33830
Medical office building in Downtown Bartow, leased to national tenant.
Type:OFC, OFC-MED
Property size:
6,381 SFLot size:
0.95 AcresPrice / SF:
$226/SF- Added:
- Aug 14, 2025
- Days on Market:
- 284
- Last Refresh:
- Apr 3 at 4:54 am
Property Features for 2020 Flamingo Drive
General Information
- Standard status
- Active
- Size
- 6,381 SF
- Lot size
- 0.95 Acres
- Property subtype
- OFC, OFC-MED
Building Details
- Year Built
- 1980
Listing agent Sid Bhatt License #BK3473551 (813) 809-9142
Listing office Saunders Real Estate (813) 809-9142
Listing date Aug 14, 2025
Source Realnex
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 Saunders Real Estate
HighLights
- Leased to a national corporate tenant under a new 7‑year NNN lease, providing a stable, long‑term investment.
- Strong initial Net Operating Income (NOI) with rent escalations and renewal options.
- Recent capital improvements of approximately $300k, including a new roof, HVAC systems, fire suppression system, and alarm system.
- Located near Bartow Regional Medical Center and Watson Clinic.
- Convenient access to US 98 and State Road 60 intersection.
- 6,381 ± SF medical building in Downtown Bartow on a 0.95‑acre lot.
Overview
This 6,381 square foot medical office building is located in Downtown Bartow on a 0.95-acre lot. The property is leased to a national corporate tenant under a new 7-year NNN lease. It is situated near Bartow Regional Medical Center and Watson Clinic, less than 2.5 miles away, and 1.3 miles from the Bartow Courthouse. The property features a strong initial Net Operating Income (NOI) with rent escalations and renewal options. Recent capital improvements include approximately $300,000 in tenant improvements, a new roof, HVAC systems, a fire suppression system, and an alarm system. The location is conveniently located just two minutes from the US 98 and State Road 60 intersection. Nearby amenities include Bartow Middle School and Summerlin Academy within 2.5 miles, and major retailers like Publix, Walmart, and Walgreens within 5 minutes. This property presents a compelling NNN investment opportunity.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$890.9K
NOI $80,182 @ 9.00% cap · cautious / downside scenario
Moderate
$1.15M
NOI $80,182 @ 7.00% cap · market / base-case scenario
Aggressive
$1.60M
NOI $80,182 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.3k | $23.40 |
| − Vacancy | −$15.7k | −$2.46 |
| EGI | $133.6k | $20.94 |
| − OpEx | −$53.5k | −$8.38 |
| NOI | $80.2k | $12.57 |
6,381 SF · lease $23.40/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$1.15M
$1.00M – $1.34M
NOI $80,182 @ 7.0% cap · market cap 5.55%
Second Best
Office B
$1.12M
$979.9K – $1.31M
NOI $78,391 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,339 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Deborah Ann Wellmed ...
Physician
Kristen Perella Wellmed ...
Physician
Mirtha Alvarez Acevedo
Geriatric Care Provider
Dr. Aned Orbezo
Pediatrician
Similar Places Nearby
- Main Street Veterinary Center — 770 E Main St, Bartow, FL 33830
Location Insight
- Map
- Local Demand
- City
- Bartow
- County
- Polk
- State
- Florida
- Longitude
- -81.8245533
- Latitude
- 27.8983198
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Medical office building in Downtown Bartow, leased to national tenant.
Where is this medical office space located?
The property is located at 2020 Flamingo Drive Bartow, FL.
What is the asking price?
The asking price for this property is $1,444,651.
What are key features of this property?
This property features: Leased to a national corporate tenant under a new 7‑year NNN lease, providing a stable, long‑term investment.; Strong initial Net Operating Income (NOI) with rent escalations and renewal options.; Recent capital improvements of approximately $300k, including a new roof, HVAC systems, fire suppression system, and alarm system.
