Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    700 Doctors Ct Leesburg, FL 34748

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Single tenant medical building in UF Health Medical Plaza.

    Type:Office
    Property size:
    4,028 SF
    Lot size:
    0.53 Acres
    Added:
    May 8, 2024
    Days on Market:
    706
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 700 Doctors Ct

    General Information

    Standard status
    Active
    Size
    4,028 SF
    Lot size
    0.53 Acres
    Property subtype
    Office

    We can help!

    Listing Contact
    Dan Tatro

    Listing agent Dan Tatro License #FL 3190991

    Listing office Grizzard Commercial Real Estate Group

    Listing date May 8, 2024

    Source Crexi

    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 Grizzard Commercial Real Estate Group

    Overview

    Medical Income Property Near UF

    This offering is for a 4,028+/- square foot single-tenant medical building located in a medical park directly across from the University of Florida Health at Leesburg Hospital. The tenant is UF Health Cardiology. The lease is NNN with approximately 4 years remaining on the initial 7-year term, with two 3-year options. The building and property are well-maintained. The site is a corner lot of approximately 0.53 acres, situated at Doctors Court and Medical Plaza. The UF Medical Plaza features maintained buildings, properties, and parking lots. The property is located an hour from Gainesville, Orlando, and Tampa, and minutes from The Villages. The property is intended for medical use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Wistar T. ... Physician Andrej Jivitski, MD Physician Chung S Peter ... Physician Joseph J. Murray, ... Medical Clinic Dr. Mario J. ... Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.8683256
    Latitude
    28.8044498

    Nearby Similar for Sale

    • $599,000
      2,968 SF

      Downtown Leesburg Professional Office Building

      Well-maintained office building in downtown Leesburg with tenant in place.
      1029 W MAGNOLIA STREET, LEESBURG, FL 34748
      View Details
    • $1,250,000
      9,800 SF

      Leesburg Office Building on Highway 441

      9,800 SF medical/professional office building with highway frontage.
      401 E NORTH BOULEVARD, LEESBURG, FL 34748
      View Details
    • $750,000
      3,956 SF

      Leesburg Retail Building For Sale

      Two-unit retail building with billboard on Highway 27.
      107 S 14TH STREET, LEESBURG, FL 34748
      View Details
    • $425,000
      1,454 SF

      Leesburg Triplex Investment Opportunity

      Fully rented triplex in Leesburg, Florida, with immediate rental income.
      1611 INDIAN TRAIL, LEESBURG, FL 34748
      View Details
    • $500,000
      4,356 SF

      Leesburg Quadruplex Investment Opportunity

      Income-producing quadplex near downtown Leesburg with owner financing.
      643 W OAK TERRACE DRIVE, LEESBURG, FL 34748
      View Details
    • $1,600,000
      15,300 SF

      Leesburg Mixed-Use Commercial Property

      Mixed-use commercial property with medical suites and self-storage units.
      711 N 3RD ST, LEESBURG, FL 34748
      View Details
    • $599,000

      Downtown Leesburg Professional Office Building

      Well-maintained office building in downtown Leesburg with tenant in place.
      1029 W MAGNOLIA St, Leesburg, FL 34748
      View Details
    • $670,000
      3,465 SF

      Former Assisted Living Facility

      20-bed facility in Downtown Leesburg, FL, ready for boarding house.
      201 ROSEFIELD AVENUE, LEESBURG, FL 34748
      View Details
    • $1,250,000
      9,800 SF

      Medical/Professional Office Building on 441

      9,800 sq ft medical/professional office building for sale.
      401 E NORTH BOULEVARD, LEESBURG, FL 34748
      View Details
    • $1,200,000
      6,939 SF

      Downtown Leesburg Office Building

      Versatile office building in downtown Leesburg, Florida for sale.
      206 N 3RD ST St, LEESBURG, FL 34748
      View Details
    • $750,000
      3,956 SF

      Retail Building on Highway 27

      Two-unit retail building with billboard on Highway 27.
      107 S 14TH STREET, LEESBURG, FL 34748
      View Details
    • $950,000

      Equestrian Estate on 22.5 Acres

      22.5 acre Leesburg estate ideal for horse enthusiasts or investors.
      41204 EMERALDA ISLAND ROAD, LEESBURG, FL 34788
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Single tenant medical building in UF Health Medical Plaza.
    Where is this medical office space located?
    The property is located at 700 Doctors Ct Leesburg, FL.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: Single‑tenant medical building leased to UF Health Cardiology.; Located in UF Medical Plaza, directly across from UF Health at Leesburg Hospital.; NNN lease with approximately 4 years remaining on the initial term, plus two 3‑year options.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dan Tatro
    Real Estate License ID: FL 3190991
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!