Medical Office with 13 Parking
441 S 11TH Street Lake Wales, FL 33853
441 S 11TH Street, Lake Wales, FL, 33853
$1,150,000
For Sale
$1,150,000
SINGLE_FAMILY - LAKE WALES, FL
Property Size3,310 SF
Lot Size0.72 Acres
Price / SF$347.43
Days on Market8
Property Features for 441 S 11TH Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- 28-30-06-939400-001210
- Size
- 3,310 SF
- Lot size
- 0.72 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- DRUID HILLS PB 21 PG 47 BLK 1 LOTS 21 & 22 & N1/2 OF 23
- Tax Annual Amount
- 10507
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1976
- Number of units
- 2
- Flooring type
- Laminate, Carpet
- Building materials
- Block
- Roof type
- Metal
- Additional Structures
- Storage
Listing agency
LEGACY REAL ESTATE CENTER INC
(863) 676-0200
Listed by
Dolores Vogel · License #BK621090
(863) 632-5573
Added: Jul 15 Updated: Jul 22 at 12:34PM Checked: Jul 22 at 6:06PM
MLS# K4903645
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical office property offers an approximately 3,300-square-foot facility designed for medical or professional use. The layout includes three exam rooms, an oversized reception and waiting area, a dedicated optical display room, abundant storage, a separate lab, and a kitchen/break room. Additional features include staff lockers and two restrooms. The site also includes 13 designated parking spaces and a detached storage building.
The property is located on a highly visible corner lot directly across from the AdventHealth Lake Wales Hospital campus, supporting convenient access for staff and patients.
The offering includes a second parcel featuring a 3-bedroom, 2-bath home that is currently leased. Combined, the site totals approximately 0.72 acres, providing room to support the existing office use and accommodate future expansion plans.
The property is located on a highly visible corner lot directly across from the AdventHealth Lake Wales Hospital campus, supporting convenient access for staff and patients.
The offering includes a second parcel featuring a 3-bedroom, 2-bath home that is currently leased. Combined, the site totals approximately 0.72 acres, providing room to support the existing office use and accommodate future expansion plans.
Key Highlights
- Approximately 3,300 SF medical office previously used for ophthalmology practice and surgical suite
- On highly visible corner lot directly across from AdventHealth Lake Wales Hospital campus
- Medical office layout includes 3 exam rooms, oversized reception and waiting area, optical display room, separate lab, kitchen/break room, and staff lockers
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.5k | $23.40 |
| − Vacancy | −$8.1k | −$2.46 |
| EGI | $69.3k | $20.94 |
| − OpEx | −$27.7k | −$8.38 |
| NOI | $41.6k | $12.57 |
3,310 SF · lease $23.40/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$594.2K
$519.9K – $693.2K
NOI $41,593 @ 7.0% cap · market cap 3.62%
Second Best
Office B
$580.9K
$508.3K – $677.7K
NOI $40,663 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$795.4K
$696.0K – $928.0K
NOI $55,679 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Eusebio G. Salud ...
Ophthalmologist
Salud Eye Center
Ophthalmologist
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Medical office suite on a highly visible corner lot across from AdventHealth Lake Wales, with 13 designated parking spaces.
Where is this medical office space located?
The property is located at 441 S 11TH Street Lake Wales, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Approximately 3,300 SF medical office previously used for ophthalmology practice and surgical suite; On highly visible corner lot directly across from AdventHealth Lake Wales Hospital campus; Medical office layout includes 3 exam rooms, oversized reception and waiting area, optical display room, separate lab, kitchen/break room, and staff lockers
