Medical Income Property Near
For Sale
$1,249,000
700 Doctors Ct, Leesburg, FL 34748
Single tenant medical building in UF Health Medical Plaza.
Property Size4,028 SF
Lot Size0.53 Acres
Price / SF$310.08
Days on Market206
Property Features for 700 Doctors Ct
General Information
Standard status
Active
Size
4,028 SF
Lot size
0.53 Acres
Building Details
Year Built
1997
Listing Agency:
GRIZZARD COMMERCIAL REALESTATE
Listed By:
Daniel Tatro · License #3190991
(352) 396-9136
Source:
Chenoregroup
Added: Mar 26
Changed: Oct 5
Last Checked: Oct 7 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 GRIZZARD COMMERCIAL REALESTATE
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,178
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,203,560
$1.2M
Cap Rate 7%
$859,686
$859.7K
Cap Rate 9%
$668,644
$668.6K
Market Conditions
NOI Build-Up for 4,028 SF
Gross rent
$96.7K $24.00/SF
− Vacancy
−$16.4K −$4.08/SF
EGI
$80.2K $19.92/SF
− OpEx
−$20.1K −$4.98/SF
NOI
$60.2K $14.94/SF
Area
Lake County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,203,560
Cap Rate 7%
$859,686
Cap Rate 9%
$668,644
Alternative Uses
Best Use
Office B
$859.7K
$752.2K – $1.00M
NOI $60,178 @ 7.0% cap · market cap 4.82%
Second Best
Healthcare Medical
$820.3K
$717.8K – $957.1K
NOI $57,423 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,238 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,101
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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.
