Turnkey Medical Office
For Sale
Contact for pricing
305 S Childs St, Leesburg, FL 34748
Modernized clinical layout with examination rooms, private offices, updated systems, and dedicated patient reception areas.
Property Size2,000 SF
Price / SF$297.50
Days on Market18
Property Features for 305 S Childs St
General Information
Standard status
Active
Size
2,000 SF
Class
A
Property subtype
Office
Zoning
PSC
Building Details
Year Built
2008
Year Renovated
2025
Stories
1
Tenancy
Single
Listing Agency:
Watson Commercial Realty Inc
(904) 316-7433
Listed By:
Paul J. Reed, P.A. · License #FL 3332794
Source:
Crexi
Added: Aug 14
Changed: Aug 30
Last Checked: Aug 30 at 11:47PM
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 Watson Commercial Realty Inc
Investment Insights
Based on property information with market context.
This 2,000-square-foot medical office property, built in 2008, has a completed clinical and administrative layout. The interior includes five examination rooms, two private offices, two bathrooms, a reception and waiting area, and a staff kitchen. Recent improvements include a new HVAC system, new flooring throughout, and refreshed interior and exterior paint. Sixteen paved and striped parking spaces support staff and visitor access.
The building is directly across from UF Health – Leesburg Hospital and approximately 15 minutes north of The Villages. PSC zoning is identified for the property. Its existing configuration combines patient-facing areas with dedicated workspace and support functions for medical or professional office use.
The building is directly across from UF Health – Leesburg Hospital and approximately 15 minutes north of The Villages. PSC zoning is identified for the property. Its existing configuration combines patient-facing areas with dedicated workspace and support functions for medical or professional office use.
Key Highlights
- 2,000‑square‑foot medical office property built in 2008
- Directly across from UF Health – Leesburg Hospital
- Five fully built‑out examination rooms and two private offices
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
$29,880
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
5.02%
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%
$597,600
$597.6K
Cap Rate 7%
$426,857
$426.9K
Cap Rate 9%
$332,000
$332.0K
Market Conditions
NOI Build-Up for 2,000 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
$48.0K $24.00/SF
− Vacancy
−$8.2K −$4.08/SF
EGI
$39.8K $19.92/SF
− OpEx
−$10.0K −$4.98/SF
NOI
$29.9K $14.94/SF
Area
Lake County, FL
Vacancy
17.00%
Lease Rate
$24.00 /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%
$597,600
Cap Rate 7%
$426,857
Cap Rate 9%
$332,000
Alternative Uses
Best Use
Office B
$426.9K
$373.5K – $498.0K
NOI $29,880 @ 7.0% cap · market cap 5.02%
Second Best
Healthcare Medical
$407.3K
$356.4K – $475.2K
NOI $28,512 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$569.1K
$498.0K – $664.0K
NOI $39,840 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Modernized clinical layout with examination rooms, private offices, updated systems, and dedicated patient reception areas.
Where is this medical office space located?
The property is located at 305 S Childs St Leesburg, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,000‑square‑foot medical office property built in 2008; Directly across from UF Health – Leesburg Hospital; Five fully built‑out examination rooms and two private offices
