Medical Office
708 LEE St Leesburg, FL 34748
New
For Sale
$399,000
Office building with a waiting room, six exam rooms/private offices, and a cooled garage area.
Property Size2,013 SF
Price / SF$198.21
Days on Market2
Property Features for 708 LEE St
General Information
Standard status
Active
Size
2,013 SF
Property subtype
Commercial
Building Details
Year Built
1943
Listing Agency:
GRIZZARD COMMERCIAL REALESTATE
(352) 396-9136
Listed By:
Daniel Tatro · License #3190991
(352) 396-9136
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 9:20AM
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
Investment Insights
Based on property information with market context.
This office building offers 2,013 SF designed for medical or professional use, including a waiting room and six exam rooms/offices/private offices. An additional 528 SF cooled garage is included, providing extra controlled space for storage or related operational needs.
The property is located in the City of Leesburg and is zoned RP. It is positioned between UF Health Leesburg Hospital and AdventHealth Waterman Hospital, supporting convenient access to major healthcare destinations.
With its exam-room and private-office layout plus dedicated cooled garage space, the building is well-suited for tenants seeking an established interior configuration for service delivery and patient-facing functions.
The property is located in the City of Leesburg and is zoned RP. It is positioned between UF Health Leesburg Hospital and AdventHealth Waterman Hospital, supporting convenient access to major healthcare destinations.
With its exam-room and private-office layout plus dedicated cooled garage space, the building is well-suited for tenants seeking an established interior configuration for service delivery and patient-facing functions.
Key Highlights
- Office building built in 1943 offering 2,013 SF in the City of Leesburg
- Layout includes a waiting room plus six exam rooms/private offices
- Includes a 528 SF cooled garage area
Financial Insights For Office B
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 | $48.3k | $24.00 |
| − Vacancy | −$8.2k | −$4.08 |
| EGI | $40.1k | $19.92 |
| − OpEx | −$10.0k | −$4.98 |
| NOI | $30.1k | $14.94 |
2,013 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$429.6K
$375.9K – $501.2K
NOI $30,074 @ 7.0% cap · market cap 7.54%
Second Best
Healthcare Medical
$410.0K
$358.7K – $478.3K
NOI $28,697 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$572.8K
$501.2K – $668.3K
NOI $40,099 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office building with a waiting room, six exam rooms/private offices, and a cooled garage area.
Where is this medical office space located?
The property is located at 708 LEE St Leesburg, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Office building built in 1943 offering 2,013 SF in the City of Leesburg; Layout includes a waiting room plus six exam rooms/private offices; Includes a 528 SF cooled garage area
