Medical Office with Exam
For Sale
$1,300,000
733 County Road 466, Lady Lake, FL 32159
Configured for clinical operations with exam rooms, private offices, reception, and patient waiting space.
Property Size4,020 SF
Price / SF$323.38
Days on Market41
Property Features for 733 County Road 466
General Information
Standard status
Active
Size
4,020 SF
Building Details
Year Built
2009
Listing Agency:
AKIN REALTY COMPANY
(352) 804-2446
Listed By:
Fran Dann-Akin · License #544440
Source:
Chenoregroup
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 29 at 6:00PM
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 AKIN REALTY COMPANY
Investment Insights
Based on property information with market context.
This 4,020-square-foot medical office, built in 2009, is arranged for clinical and administrative functions. The layout includes six exam rooms, two offices, an open work area, a waiting room, reception area, and break room, providing a combination of patient-facing and staff workspace within one facility.
The property is located at 733 County Road 466 in Lady Lake, Florida, within Summit Medical Park. Its setting offers proximity to The Villages and places the office within a medical-focused commercial environment.
The property is located at 733 County Road 466 in Lady Lake, Florida, within Summit Medical Park. Its setting offers proximity to The Villages and places the office within a medical-focused commercial environment.
Key Highlights
- 4,020 SF medical office built in 2009
- Six exam rooms support patient care operations
- Two private offices plus a large open work area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,709
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,234,180
$1.2M
Cap Rate 7%
$881,557
$881.6K
Cap Rate 9%
$685,656
$685.7K
Market Conditions
NOI Build-Up for 4,020 SF
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.
Gross rent
$100.3K $24.96/SF
− Vacancy
−$18.1K −$4.49/SF
EGI
$82.3K $20.47/SF
− OpEx
−$20.6K −$5.12/SF
NOI
$61.7K $15.35/SF
Area
Sumter County, FL
Vacancy
18.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,234,180
Cap Rate 7%
$881,557
Cap Rate 9%
$685,656
Alternative Uses
Best Use
Office B
$881.6K
$771.4K – $1.03M
NOI $61,709 @ 7.0% cap · market cap 4.75%
Second Best
Healthcare Medical
$647.6K
$566.7K – $755.6K
NOI $45,334 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,561 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32159, FL
30,455
Population
19,670
Households
1.5
Avg Household Size
69
Median Age
29%
College-Educated
95%
High-School Grad
30.2 sq mi
ZIP Area
1,008
Density / Sq Mi
$57,536
Median Household Income
$30,723
Median Earnings
$1,370
Median Rent
$272,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Animal Clinic of Lady Lake — 414 Teague Trail, Lady Lake, FL 32159
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for clinical operations with exam rooms, private offices, reception, and patient waiting space.
Where is this medical office space located?
The property is located at 733 County Road 466 Lady Lake, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,020 SF medical office built in 2009; Six exam rooms support patient care operations; Two private offices plus a large open work area
