Medical Office Space with MaxHealth
New
For Sale
$2,750,000
28149 US-27, Dundee, FL 33838
A 6,600-square-foot medical office property associated with MaxHealth under a lease arrangement.
Property Size6,600 SF
Price / SF$416.67
Days on Market3
Property Features for 28149 US-27
General Information
Standard status
Active
Size
6,600 SF
Property subtype
Single-Tenant Office Medical
Lease Type
NNN
Amenities
Triple Net Lease Structure Tenant Financially Responsible for All Operating Expenses and Reimburses Landlord for Management Fee (Lease Abstract: Pg. 7)
Tenant Just Exercised New Lease & Expanded In Facility New 5-Year Lease with Two (2) Three-Year Options Tenant Expanded 1,600 SF on New Lease
3% Annual Rent Escalations Built-in 3% Annual Rent Increases Throughout the Primary Term Provide a Hedge Against Inflation and Predictable NOI Growth
Building Details
Building Size
6,600 SF
Listing Agency:
(407) 557-3848
Listed By:
Spencer Koch · License #License(s): FL: SL3508957
(407) 557-3848
Source:
Marcusmillichap
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 12:37PM
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 Spencer Koch
Investment Insights
Based on property information with market context.
This 6,600-square-foot medical office property is located at 28149 US-27 in Dundee, Florida. MaxHealth is identified as the lease tenant, providing a healthcare-oriented occupancy profile for the asset.
Key Highlights
- 6,600‑square‑foot medical office property
- MaxHealth identified as the lease tenant
- Located at 28149 US‑27, Dundee, FL 33838
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
$82,934
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
3.02%
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%
$1,658,680
$1.7M
Cap Rate 7%
$1,184,771
$1.2M
Cap Rate 9%
$921,489
$921.5K
Market Conditions
NOI Build-Up for 6,600 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
$154.4K $23.40/SF
− Vacancy
−$16.2K −$2.46/SF
EGI
$138.2K $20.94/SF
− OpEx
−$55.3K −$8.38/SF
NOI
$82.9K $12.57/SF
Area
Polk County, FL
Vacancy
10.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
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%
$1,658,680
Cap Rate 7%
$1,184,771
Cap Rate 9%
$921,489
Alternative Uses
Best Use
Healthcare Medical
$1.18M
$1.04M – $1.38M
NOI $82,934 @ 7.0% cap · market cap 3.02%
Second Best
Office B
$1.16M
$1.01M – $1.35M
NOI $81,081 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,023 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33838, FL
5,243
Population
2,162
Households
2.4
Avg Household Size
38
Median Age
9%
College-Educated
80%
High-School Grad
7.3 sq mi
ZIP Area
718
Density / Sq Mi
$44,514
Median Household Income
$28,286
Median Earnings
$1,600
Median Rent
$230,100
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 - A 6,600-square-foot medical office property associated with MaxHealth under a lease arrangement.
Where is this medical office space located?
The property is located at 28149 US-27 Dundee, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 6,600‑square‑foot medical office property; MaxHealth identified as the lease tenant; Located at 28149 US‑27, Dundee, FL 33838
