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 Market64
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
Listed By:
Paul J. Reed, P.A. · License #FL 3332794
(904) 316-7433
Source:
Crexi
Added: Aug 14
Changed: Oct 3
Last Checked: Oct 14 at 8:43PM
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
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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 / Yr
$29,880
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
Under-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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
