Medical/Office Building Near HCA
For Sale
Contact for pricing
3315-3345 Medical Hill Rd., Sebring, FL 33870
Free-standing medical/office building near HCA Hospital with national tenant.
Property Size12,350 SF
Price / SF$193.93
Days on Market167
Property Features for 3315-3345 Medical Hill Rd.
General Information
Standard status
Active
Size
12,350 SF
Class
A
Total Parking Spaces
55
Property subtype
Office
Zoning
C1
Occupancy
82%
Lease Type
Gross
Building Details
Year Built
2001
Year Renovated
2020
Buildings
1
Stories
1
Units
5
Tenancy
Multi
Listing Agency:
Keller Williams Dedicated Professionals
(954) 868-9092
Listed By:
Rene Munoz · License #3199775
Source:
Crexi
Added: Mar 8
Changed: Aug 8
Last Checked: Aug 22 at 2:57PM
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 Keller Williams Dedicated Professionals
Investment Insights
Based on property information with market context.
The Medical Hill Professional Plaza is a 12,350 square foot free standing medical/office building located at 3315 Medical Hill Rd. Sebring, Florida 33870 in Highlands County. Constructed in 2001, the building features a concrete block and stucco exterior. The interior includes painted drywall walls, acoustical drop down ceilings, and laminate, carpet, and vinyl flooring. The property contains five separate suites suitable for multiple medical or professional office users. The property is located on the west side of Medical Hill Rd., one block away from HCA Hospital and a few blocks North of US Hwy. 27 South, the main roadway through Sebring. Its proximity to the Hospital and easy access to US Hwy 27 provide a market advantage. A national "A" rated tenant, VITAS Healthcare, occupies 6,600 sq. ft. of the building. In 2020, they invested approximately $900,000 in remodeling, including plumbing, electricity, HVAC systems, and flooring. On 11/1/2020, they entered into a 7 year lease with a 5 year option, extending their lease until 10/31/32.
Key Highlights
- Free‑standing 12,350 sq ft medical/office building with five separate suites.
- National "A" rated tenant, VITAS Healthcare, occupies 6,600 sq ft with a lease extended to 10/31/32.
- VITAS Healthcare invested approximately $900,000 in 2020 to remodel their suite, including plumbing, electrical, HVAC, and flooring.
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
$125,711
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
5.25%
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%
$2,514,220
$2.5M
Cap Rate 7%
$1,795,871
$1.8M
Cap Rate 9%
$1,396,789
$1.4M
Market Conditions
NOI Build-Up for 12,350 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
$214.9K $17.40/SF
− Vacancy
−$47.3K −$3.83/SF
EGI
$167.6K $13.57/SF
− OpEx
−$41.9K −$3.39/SF
NOI
$125.7K $10.18/SF
Area
Highlands County, FL
Vacancy
22.00%
Lease Rate
$17.40 /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%
$2,514,220
Cap Rate 7%
$1,795,871
Cap Rate 9%
$1,396,789
Alternative Uses
Best Use
Office B
$1.80M
$1.57M – $2.10M
NOI $125,711 @ 7.0% cap · market cap 5.25%
Second Best
Healthcare Medical
$1.53M
$1.34M – $1.79M
NOI $107,438 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $179,856 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33870, FL
24,238
Population
13,933
Households
1.7
Avg Household Size
51
Median Age
18%
College-Educated
84%
High-School Grad
95.3 sq mi
ZIP Area
254
Density / Sq Mi
$50,606
Median Household Income
$28,475
Median Earnings
$977
Median Rent
$154,300
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 - Free-standing medical/office building near HCA Hospital with national tenant.
Where is this medical office space located?
The property is located at 3315-3345 Medical Hill Rd. Sebring, FL.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Free‑standing 12,350 sq ft medical/office building with five separate suites.; National "A" rated tenant, VITAS Healthcare, occupies 6,600 sq ft with a lease extended to 10/31/32.; VITAS Healthcare invested approximately $900,000 in 2020 to remodel their suite, including plumbing, electrical, HVAC, and flooring.
