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Medical Office Space

2084 Salk Ave, Tavares, FL 32778

For Sale
New
Contact for pricing

Located in Tavares, this healthcare property is within Lake County.

Property Size7,250 SF
Price / SF$463.71
Days on Market4

Property Features for 2084 Salk Ave

General Information

Standard status Active
Size 7,250 SF
Property subtype OFFICE
Listing Agency: Matthews Real Estate Investment Services
Listed By: Kyle Mackulak · License CA #02055597
Source: Moodyscre
Added: Nov 6 Changed: Nov 8 Last Checked: Nov 8 at 5:49PM

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 Matthews Real Estate Investment Services

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The property contains 7,250 square feet of medical office space at 2084 Salk Ave in Tavares, Florida. Tavares is the county seat of Lake County, and the property is situated near The Villages.

Key Highlights

  • 7,250 SF of medical office space
  • Located at 2084 Salk Ave in Tavares, Florida
  • Near The Villages

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$99,535
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,990,700 $2.0M
Cap Rate 7%
$1,421,929 $1.4M
Cap Rate 9%
$1,105,944 $1.1M
Market Conditions
NOI Build-Up for 7,250 SF
Gross rent
$182.7K $25.20/SF
− Vacancy
−$16.8K −$2.32/SF
EGI
$165.9K $22.88/SF
− OpEx
−$66.4K −$9.15/SF
NOI
$99.5K $13.73/SF
Area
Lake County, FL
Vacancy
9.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,990,700
Cap Rate 7%
$1,421,929
Cap Rate 9%
$1,105,944

Alternative Uses

Best Use
Healthcare Medical
$1.42M
$1.24M – $1.66M (±1% cap)
NOI $99,535 @ 7.0% cap · market cap 2.96%
Second Best
Office B
$1.40M
$1.22M – $1.63M (±1% cap)
NOI $97,675 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M (±1% cap)
NOI $163,647 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Auto Repair Shop Auto Parts Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

702
Businesses Nearby
Under-served
Demand for This Use

Demographics for 32778, FL

23,993
Population
12,720
Households
1.9
Avg Household Size
52
Median Age
25%
College-Educated
88%
High-School Grad
25.4 sq mi
ZIP Area
945
Density / Sq Mi
$61,815
Median Household Income
$40,942
Median Earnings
$1,384
Median Rent
$241,500
Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Lake County, FL

$228 Jul
$208 Aug
$213 Sep
$196 Oct

Properties on Market for Medical Office Space in Lake County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Medical Office Space - Located in Tavares, this healthcare property is within Lake County.
Where is this medical office space located?
The property is located at 2084 Salk Ave Tavares, FL.
What is the asking price?
The asking price for this property is $3,361,892.
What are key features of this property?
This property features: 7,250 SF of medical office space; Located at 2084 Salk Ave in Tavares, Florida; Near The Villages
(262) 672-8388 Call to check price and availability
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Includes: Price & PSF · Cap rate · Location · Zoning

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