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Leesburg Medical Facility on 6+ Acres

2500 Citrus Boulevard Leesburg, FL 34748

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For Sale
$3,800,000

23,630 SF medical facility on 6.04 acres in Leesburg.

Type:OFC, OFC-MED
Property size:
23,630 SF
Lot size:
6.04 Acres
Price / SF:
$160/SF
Added:
Jul 24, 2025
Days on Market:
354
Last Refresh:
Jul 3 at 8:42 pm

Property Features for 2500 Citrus Boulevard

General Information

Standard status
Active
Size
23,630 SF
Lot size
6.04 Acres
Property subtype
OFC, OFC-MED

Listing office The Boyd Group

Listing date Jul 24, 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 The Boyd Group


Investment Insights

Based on property information with market context.

Located at the intersection of Hwy 441 and Hwy 27 in Leesburg, this 23,630 square foot medical facility is positioned on 6.04 acres. Constructed in 1993, the building includes four suites. The property is anchored by Express Care of Leesburg, which occupies 15,934 square feet of medical space. An additional 3,500 square foot suite is occupied by another healthcare provider. The property also features a 1,500 square foot office and storage suite, along with 2,696 square feet of unfinished shell space. The facility is equipped with a lobby, multiple exam rooms, an imaging center, and administrative offices, and includes a pharmacy with a drive-through. The building, formerly White Rose and Porters, has loading dock access in the rear, offering potential for conversion to warehouse or hybrid medical/distribution use. The property is located 15 minutes north of The Villages, which supports growth in healthcare, retail, and service sectors. The Villages spans across Lake, Sumter, and Marion counties and is home to more than 145,000 residents. The Villages MSA ranks as one of the top growth markets in the U.S., with over 2,000 new homes added annually. The area's aging population drives demand for medical and wellness services, making the property suitable for long-term healthcare tenancy or use.

Key Highlights

  • Prime location at high‑traffic intersection of Hwy 441 and Hwy 27 in Leesburg with outstanding visibility and access.
  • Anchored by Express Care of Leesburg, occupying 15,934 SF of high‑quality medical space.
  • Proximity to The Villages (15 minutes north), driving demand for medical services.

Local 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 $623.8k $26.40
− Vacancy −$62.4k −$2.64
EGI $561.4k $23.76
− OpEx −$224.6k −$9.50
NOI $336.9k $14.26
23,630 SF · lease $26.40/SF/yr · vacancy 10.00% · expense 40.00%

Alternative Uses

Best Use
Healthcare Medical
$4.81M
$4.21M – $5.61M (±1% cap)
NOI $336,869 @ 7.0% cap · market cap 8.86%
Second Best
Warehouse
$2.29M
$2.00M – $2.67M (±1% cap)
NOI $160,290 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$6.72M
$5.88M – $7.85M (±1% cap)
NOI $470,710 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Tri County Rehab Physician Dr. Burke L. ... Physician Dr. Tj J. ... Pediatrician Express Care of Leesburg: ... Physician Dr. Aleem U. ... Physician

Suggested Use

HVAC Service Big Box & Wholesale Store Law Firm Storage Facility Electrical Service Real Estate Agency (Bike/Boat/Book/etc) Store Auto Parts Store Accounting Firm Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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 Boulevard 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: Prime location at high‑traffic intersection of Hwy 441 and Hwy 27 in Leesburg with outstanding visibility and access.; Anchored by Express Care of Leesburg, occupying 15,934 SF of high‑quality medical space.; Proximity to The Villages (15 minutes north), driving demand for medical services.
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