AdventHealth-Leased Medical Office
For Sale
$2,500,000
2237 Us 27 Highway S, Sebring, FL 33870
Commercial, Two Story, Sebring, FL
Property Size10,000 SF
Lot Size1.04 Acres
Price / SF$242.11
Days on Market199
Property Features for 2237 Us 27 Highway S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Interior features
Ceiling Fans, Elevator (Freight/Pass), Private Restrooms, Public Restrooms
Exterior features
Stucco
Accessibility
Accessible Elevator Installed
Directions
From US 27 and Hammock Rd, drive SOUTH on US 27 to property on the RIGHT.
Standard status
Active
APN
S-06-35-29-030-00R0-0010
Size
10,326 SF
Lot size
1.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUNSET POINT SUB PER PB 1-PG 34 LOTS 1 TO 5 INC + LOTS 154 TO 158 BLK R
Tax Annual Amount
32890
Legal Description
SUNSET POINT SUB PER PB 1-PG 34 LOTS 1 TO 5 INC + LOTS 154 TO 158 BLK R
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Amenities
exam rooms
laboratory areas
private physician offices
reception areas
restrooms
lake views
Building Details
Year built
2007
Floors in Building
2
Flooring type
Vinyl, Tile, Carpet
Building materials
Concrete Block
Roof type
Barrel
Architectural style
Other
Listing Agency:
ADVANTAGE REALTY #1
(863) 386-0303
Listed By:
Susan Geitner · License #3050844
(863) 273-0145
Added: Feb 10
Changed: Aug 19
Last Checked: Aug 28 at 9:06AM
MLS# 322325
Copyright © 2026 Heartland Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story medical office building is fully leased to AdventHealth under a new 2-year lease with 3% annual increases and renewal options. The +/-10,000 SF Heart Center facility is built out for clinical use, with 11 exam rooms, 3 laboratory areas, 4 private physician offices, and multiple reception and administrative areas. The layout includes elevator and dual stairwells, along with 10 total restrooms (5 public and 5 private). Interior features include ceiling fans and an accessible freight/pass elevator, and the building is finished with carpet, tile, and vinyl floors.
The property sits on a 1.04-acre site and is located directly on US Highway 27 for strong visibility along Sebring’s primary medical and commercial corridor, with +/-44,000 vehicles per day. Constructed in 2007 with concrete block and a barrel roof, the building is served by public sewer and includes central heating and central air conditioning.
With its professional medical improvements and functional vertical circulation, the facility is designed to support long-term operation for a single healthcare operator.
The property sits on a 1.04-acre site and is located directly on US Highway 27 for strong visibility along Sebring’s primary medical and commercial corridor, with +/-44,000 vehicles per day. Constructed in 2007 with concrete block and a barrel roof, the building is served by public sewer and includes central heating and central air conditioning.
With its professional medical improvements and functional vertical circulation, the facility is designed to support long-term operation for a single healthcare operator.
Key Highlights
- AdventHealth leased medical office building with new 2‑year lease and 3% annual increases plus renewal options
- Directly on US Highway 27 with +/-44,000 vehicles per day for prominent corridor visibility
- Two‑story Heart Center facility with +/-10,000 SF built‑out medical improvements
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
$105,108
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
4.20%
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%
$2,102,160
$2.1M
Cap Rate 7%
$1,501,543
$1.5M
Cap Rate 9%
$1,167,867
$1.2M
Market Conditions
NOI Build-Up for 10,326 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
$179.7K $17.40/SF
− Vacancy
−$39.5K −$3.83/SF
EGI
$140.1K $13.57/SF
− OpEx
−$35.0K −$3.39/SF
NOI
$105.1K $10.18/SF
Area
Highlands County, FL
Vacancy
22.00%
Lease Rate
$17.40 /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%
$2,102,160
Cap Rate 7%
$1,501,543
Cap Rate 9%
$1,167,867
Alternative Uses
Best Use
Office B
$1.50M
$1.31M – $1.75M
NOI $105,108 @ 7.0% cap · market cap 4.20%
Second Best
Healthcare Medical
$1.28M
$1.12M – $1.50M
NOI $89,830 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,380 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33870, FL
24,238
Population
13,933
Households
1.7
Avg Household Size
51
Median Age
18%
College-Educated
84%
High-School Grad
95.3 sq mi
ZIP Area
254
Density / Sq Mi
$50,606
Median Household Income
$28,475
Median Earnings
$977
Median Rent
$154,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Leased two-story medical office in C1 zoning with elevator, private and public restrooms, and a climate-controlled Heart Center facility.
Where is this medical office space located?
The property is located at 2237 Us 27 Highway S Sebring, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: AdventHealth leased medical office building with new 2‑year lease and 3% annual increases plus renewal options; Directly on US Highway 27 with +/-44,000 vehicles per day for prominent corridor visibility; Two‑story Heart Center facility with +/-10,000 SF built‑out medical improvements
