Medical Office Building Investment
2020 Flamingo Drive Bartow, FL 33830
For Sale
$1,444,651
Medical office building in Downtown Bartow, leased to national tenant.
Property Size6,381 SF
Lot Size0.95 Acres
Price / SF$226.40
Days on Market350
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 Agency:
Saunders Real Estate, LLC
(813) 809-9142
Listed By:
Sid Bhatt · License #SL3562516
(813) 809-9142
Source:
Realnex
Added: Aug 14, 2025
Changed: Jul 6
Last Checked: Jul 6 at 12:10PM
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 Saunders Real Estate, LLC
Investment Insights
Based on property information with market context.
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.
Key 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.
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 | $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 Uses
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Main Street Veterinary Center — 770 E Main St, Bartow, FL 33830
Frequently Asked Questions
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.
