Leesburg Medical Facility on 6+
2500 Citrus Boulevard, Leesburg, FL 34748
23,630 SF medical facility on 6.04 acres in Leesburg.
Type:OFC, OFC-MED
Property size:
23,630 SFLot size:
6.04 AcresPrice / SF:
$160/SF- Added:
- Jul 24, 2025
- Days on Market:
- 307
- Last Refresh:
- Apr 3 at 4:54 am
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 agent Erin Freel License #3431257 (813) 478-1735
Listing office Boyd Real Estate Group (813) 478-1735
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 Boyd Real Estate Group
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.
- Priced well below a 2025 appraisal.
- Existing infrastructure includes a spacious lobby, multiple exam rooms, an imaging center, administrative offices, and a pharmacy with a drive‑through.
- Potential for conversion back to warehouse or hybrid medical/distribution use due to loading dock access.
Overview
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.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$3.74M
NOI $336,869 @ 9.00% cap · cautious / downside scenario
Moderate
$4.81M
NOI $336,869 @ 7.00% cap · market / base-case scenario
Aggressive
$6.74M
NOI $336,869 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Healthcare Medical
| 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 Use Scenarios
Best Use
Healthcare Medical
$4.81M
$4.21M – $5.61M
NOI $336,869 @ 7.0% cap · market cap 8.86%
Second Best
Warehouse
$2.29M
$2.00M – $2.67M
NOI $160,290 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$6.72M
$5.88M – $7.85M
NOI $470,710 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with local authorities.
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
Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Lake
- State
- Florida
- Longitude
- -81.8959406
- Latitude
- 28.8438531
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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.
