Medical Center with Surgical
For Sale
$1,075,000
Pending
403 W HIGHLAND BOULEVARD, Inverness, FL 34452
Concrete block medical facility with clinical, administrative, and procedure spaces for coordinated healthcare operations.
Property Size8,035 SF
Lot Size1.03 Acres
Days on Market557
Property Features for 403 W HIGHLAND BOULEVARD
General Information
Standard status
Pending
Size
8,035 SF
Total Parking Spaces
45
Lot size
1.03 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$732
Amenities
waiting room
reception area
exam rooms
procedure rooms
offices
restrooms
conference room
kitchen
storage rooms
file room
separate entrance wing
Building Details
Year Built
1986
Buildings
1
Construction
concrete block
Listing Agency:
CENTURY 21 J.W.MORTON R.E.
(352) 726-6668
Listed By:
Elias Kirallah · License #3123414
(352) 400-2635
Source:
Exitrealty
Added: Apr 6, 2025
Changed: Oct 10
Last Checked: Oct 9 at 5:22PM
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 CENTURY 21 J.W.MORTON R.E.
Investment Insights
Based on property information with market context.
This 8,035-square-foot medical center is a concrete block building constructed in 1986 on a 1.03-acre corner lot. The interior includes a patient waiting area, reception and front-office space, 12 exam rooms, 2 procedure or surgical rooms, and 14 offices for providers, staff, and nurses. Four restrooms, a conference or board room, kitchen, storage rooms, utility areas, and a file room support daily operations. An attached 2,000-square-foot wing has its own entrance and can accommodate a separate medical practice or expanded services.
The property is located in Historic Downtown Inverness within the Central Business District, adjacent to HCA Florida Citrus Memorial Hospital, a 204-bed acute care facility serving more than 40,000 patients annually. The surrounding area includes medical offices, pharmacies, financial institutions, schools, and restaurants. The site includes 45 newly resurfaced parking spaces, providing access for patients, staff, and visitors.
The property is located in Historic Downtown Inverness within the Central Business District, adjacent to HCA Florida Citrus Memorial Hospital, a 204-bed acute care facility serving more than 40,000 patients annually. The surrounding area includes medical offices, pharmacies, financial institutions, schools, and restaurants. The site includes 45 newly resurfaced parking spaces, providing access for patients, staff, and visitors.
Key Highlights
- 8,035‑square‑foot medical center on a 1.03‑acre corner lot
- 12 exam rooms and 2 procedure or surgical rooms
- 14 provider, staff, and nurse offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,609
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,692,180
$1.7M
Cap Rate 7%
$1,208,700
$1.2M
Cap Rate 9%
$940,100
$940.1K
Market Conditions
NOI Build-Up for 8,035 SF
Gross rent
$144.6K $18.00/SF
− Vacancy
−$31.8K −$3.96/SF
EGI
$112.8K $14.04/SF
− OpEx
−$28.2K −$3.51/SF
NOI
$84.6K $10.53/SF
Area
Citrus County, FL
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,692,180
Cap Rate 7%
$1,208,700
Cap Rate 9%
$940,100
Alternative Uses
Best Use
Healthcare Medical
$1.61M
$1.40M – $1.87M
NOI $112,357 @ 7.0% cap · market cap 10.45%
Second Best
Office B
$1.21M
$1.06M – $1.41M
NOI $84,609 @ 7.0% cap · market cap 7.87%
Theoretical Best
Specialty Retail
$1.81M
$1.58M – $2.11M
NOI $126,381 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,125
Businesses Nearby
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Business Placement
Demographics for 34452, FL
12,405
Population
6,353
Households
2
Avg Household Size
51
Median Age
14%
College-Educated
92%
High-School Grad
58.9 sq mi
ZIP Area
211
Density / Sq Mi
$58,199
Median Household Income
$39,339
Median Earnings
$1,182
Median Rent
$207,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical center - Concrete block medical facility with clinical, administrative, and procedure spaces for coordinated healthcare operations.
Where is this medical center located?
The property is located at 403 W HIGHLAND BOULEVARD Inverness, FL.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 8,035‑square‑foot medical center on a 1.03‑acre corner lot; 12 exam rooms and 2 procedure or surgical rooms; 14 provider, staff, and nurse offices
