Medical Office with Lab
For Sale
Contact for pricing
501 NORTH BOULEVARD W, Leesburg, FL 34748
A patient waiting room, exam rooms, dedicated lab areas and staff break rooms define the clinical layout.
Property Size5,328 SF
Price / SF$5.05
Days on Market8
Property Features for 501 NORTH BOULEVARD W
General Information
Standard status
Active
Size
5,328 SF
Property subtype
Medical Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Medical Office
Amenities
0.74 acres
Additional parcels description:, Parcel Number: 231924000400006500, Public Survey Range: 24, Public Survey Section: 23, Annual Amount: $15,195, Tax Book Number: 2589/2356, Legal Description: That part of Government Lot 6 in Section 23, Township 19 South, Range 24 East in the City of Leesburg, bounded and described as follows: from the Southeast corner of said Government Lot 6, run N. 89°50'30" W. along the South line of said Government Lot 6, a distance of 435.7 feet to the centerline of Third Street; thence N. 01 °14'50" E. along the centerline of said Third Street 820.20 feet; thence leaving said centerline, run S. 89°46'50" W., 326.15 feet to the Point of Beginning of this
description; from said Point of Beginning, continue S. 89°46'50" W ., 93.83 feet; thence N. 01 °25'2711 E., 362.94 feet to the Southerly right-of-way of North Boulevard (U.S. Highway No. 441); thence S. 63°40'1111 E. along said Southerly right-of-way 134.00 feet; thence leaving said right-of-way, run S. 26°19'4911 W., 67.66 feet; thence S. 01 °14'50" W. parallel with the West right-of-way of Third Street,
242.45 feet to the Point of Beginning., Lot: 6, Year: 2025
Central Air
Listing ID: MFROM734931, Standard Status: Active, MLS Status: Active, Property Subtype: Medical Office, On market as of 2026-10-29
Built in 2013, Living area units: Square Feet, Construction Materials: Block
MLS Area (Major): 34748 - Leesburg, County/Parish: Lake
Leasable area: 1680
Slab
Electricity, Internet, Water
Frontage Type: Highway, Road Surface: Paved
Building Details
Year Built
2013
Listing Agency:
BRICKS & MORTAR REAL ESTATE
(352) 519-1888
Listed By:
Vicky Morrison · License #3093573
(352) 362-8888
Source:
Miharaandassociates
Added: Oct 29
Changed: Nov 5
Last Checked: Nov 4 at 3:19PM
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 BRICKS & MORTAR REAL ESTATE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2013, this medical office in Leesburg includes a patient waiting room, reception and administrative space, private exam rooms, two lab areas and two break rooms. The configuration provides distinct areas for patient visits, office functions and staff use.
The property is situated on US Highway 441 in Leesburg, Florida.
The property is situated on US Highway 441 in Leesburg, Florida.
Key Highlights
- Medical office property built in 2013
- Two dedicated lab areas and two break rooms
- Private exam rooms, patient waiting area and reception space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,956
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,519,120
$1.5M
Cap Rate 7%
$1,085,086
$1.1M
Cap Rate 9%
$843,956
$844.0K
Market Conditions
NOI Build-Up for 5,328 SF
Gross rent
$140.7K $26.40/SF
− Vacancy
−$14.1K −$2.64/SF
EGI
$126.6K $23.76/SF
− OpEx
−$50.6K −$9.50/SF
NOI
$76.0K $14.26/SF
Area
Lake County, FL
Vacancy
10.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,519,120
Cap Rate 7%
$1,085,086
Cap Rate 9%
$843,956
Alternative Uses
Best Use
Office B
$1.14M
$995.0K – $1.33M
NOI $79,600 @ 7.0% cap · market cap 296.13%
Second Best
Healthcare Medical
$1.09M
$949.5K – $1.27M
NOI $75,956 @ 7.0% cap · market cap 282.57%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,134 @ 7.0% cap · market cap 394.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,342
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A patient waiting room, exam rooms, dedicated lab areas and staff break rooms define the clinical layout.
Where is this medical office space located?
The property is located at 501 NORTH BOULEVARD W Leesburg, FL.
What are key features of this property?
This property features: Medical office property built in 2013; Two dedicated lab areas and two break rooms; Private exam rooms, patient waiting area and reception space
