Leesburg Medical Facility on 6
2500 CITRUS Blvd, Leesburg, FL 34748
For Sale
$3,800,000
23,630 SF medical facility on 6.04 acres in Leesburg.
Property Size23,630 SF
Lot Size6.04 Acres
Price / SF$160.81
Days on Market247
Property Features for 2500 CITRUS Blvd
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
The Boyd Group
Listed By:
Erin Freel · License FL #3431257
(813) 478-1735
Source:
Elliman
Added: Mar 10
Changed: Aug 16
Last Checked: Aug 16 at 10:33AM
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 The Boyd Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 23,630 SF medical facility is located on 6.04 acres at the intersection of Hwy 441 and Hwy 27 in Leesburg. Constructed in 1993, the building includes four suites. Express Care of Leesburg occupies 15,934 SF of medical space. An additional 3,500 SF suite is occupied by another healthcare provider. There is also a 1,500 SF office and storage suite, and 2,696 SF of unfinished shell space. The property features a lobby, multiple exam rooms, an imaging center, administrative offices, and a pharmacy with a drive-through. The building retains loading dock access in the rear, offering potential for conversion back to warehouse or hybrid medical/distribution use. The property is located 15 minutes north of The Villages. The Villages spans across Lake, Sumter, and Marion counties and is home to more than 145,000 residents. The sale is suited for an end user or an investor seeking to stabilize the property and capitalize on its location. The current owner, who is also the primary medical tenant, will not be offering a leaseback.
Key Highlights
- High‑traffic location at the intersection of Hwy 441 and Hwy 27 in Leesburg, providing outstanding visibility and access.
- Anchored by Express Care of Leesburg, occupying 15,934 SF of high‑quality medical space.
- Includes a fully built‑out 3,500 SF suite currently occupied by another healthcare provider.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$324,415
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,488,300
$6.5M
Cap Rate 7%
$4,634,500
$4.6M
Cap Rate 9%
$3,604,611
$3.6M
Market Conditions
NOI Build-Up for 23,630 SF
Gross rent
$595.5K $25.20/SF
− Vacancy
−$54.8K −$2.32/SF
EGI
$540.7K $22.88/SF
− OpEx
−$216.3K −$9.15/SF
NOI
$324.4K $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%
$6,488,300
Cap Rate 7%
$4,634,500
Cap Rate 9%
$3,604,611
Alternative Uses
Best Use
Healthcare Medical
$4.63M
$4.06M – $5.41M
NOI $324,415 @ 7.0% cap · market cap 8.54%
Second Best
Warehouse
$2.33M
$2.03M – $2.71M
NOI $162,753 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$7.62M
$6.67M – $8.89M
NOI $533,376 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 34748, FL
45,481
Population
25,740
Households
1.8
Avg Household Size
60
Median Age
24%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$53,768
Median Household Income
$30,762
Median Earnings
$1,181
Median Rent
$226,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Medical center - 23,630 SF medical facility on 6.04 acres in Leesburg.
Where is this medical center located?
The property is located at 2500 CITRUS Blvd Leesburg, FL.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: High‑traffic location at the intersection of Hwy 441 and Hwy 27 in Leesburg, providing outstanding visibility and access.; Anchored by Express Care of Leesburg, occupying 15,934 SF of high‑quality medical space.; Includes a fully built‑out 3,500 SF suite currently occupied by another healthcare provider.
