Medical Office in Summit
737 COUNTY ROAD 466 Lady Lake, FL 32159
737 COUNTY ROAD 466, Lady Lake, FL, 32159
$700,000
For Sale
$700,000
1,920 SF medical office space with new three-year lease.
Property Size1,920 SF
Lot Size0.12 Acres
Price / SF$364.58
Days on Market680
Property Features for 737 COUNTY ROAD 466
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2009
Listing Agency
AKIN REALTY COMPANY
(352) 266-7795
Listed by
Fran Dann-Akin · License #544440
(352) 266-7795
Source
Exitrealty
Added: Sep 5, 2024 Checked: Jul 15 at 9:47 pm
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 1,920 square foot medical office is located in Summit Medical Park. The property is meticulously maintained and features a new three-year lease with AdventHealth Medical. The location is near the area’s largest retail concentration and The Villages. The surrounding area is experiencing growth, with over 1,500 additional homes approved and new retail under construction. This property presents an investment opportunity.
Key Highlights
- New three‑year lease with AdventHealth Medical provides stable income.
- Located in Summit Medical Park, a desirable medical location.
- 1,920 SF Medical Office is meticulously maintained.
Local 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 | $47.9k | $24.96 |
| − Vacancy | −$8.6k | −$4.49 |
| EGI | $39.3k | $20.47 |
| − OpEx | −$9.8k | −$5.12 |
| NOI | $29.5k | $15.35 |
1,920 SF · lease $24.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$421.0K
$368.4K – $491.2K
NOI $29,473 @ 7.0% cap · market cap 4.21%
Second Best
Healthcare Medical
$309.3K
$270.7K – $360.9K
NOI $21,652 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$549.7K
$481.0K – $641.3K
NOI $38,477 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - 1,920 SF medical office space with new three-year lease.
Where is this medical office space located?
The property is located at 737 COUNTY ROAD 466 Lady Lake, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: New three‑year lease with AdventHealth Medical provides stable income.; Located in Summit Medical Park, a desirable medical location.; **1,920 SF Medical Office is meticulously maintained.**
