Medical Office Investment
For Sale
Contact for pricing
737 Hwy 466, Lady Lake, FL 32159
Leased medical office in growing area near The Villages.
Property Size1,920 SF
Price / SF$364.58
Days on Market773
Property Features for 737 Hwy 466
General Information
Standard status
Active
Size
1,920 SF
Class
B
Property subtype
Office
Zoning
CP
Building Details
Year Built
2009
Buildings
1
Stories
1
Units
1
Listing Agency:
Akin Realty Company
Listed By:
Fran Akin · License #BK544440
(352) 266-7795
Source:
Crexi
Added: Sep 5, 2024
Changed: Oct 1
Last Checked: Oct 16 at 5:59AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,920 square foot medical office is located in Summit Medical Park, near the area's largest retail concentration and The Villages. The property is meticulously maintained and currently leased to AdventHealth Medical, presenting an investment opportunity. The surrounding area is experiencing significant growth, with over 1,500 additional homes approved and new retail under construction.
Key Highlights
- Leased to AdventHealth Medical, offering a solid investment opportunity.
- Located in Summit Medical Park.
- Meticulously maintained 1,920 SF Medical Office.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,685
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,700
$573.7K
Cap Rate 7%
$409,786
$409.8K
Cap Rate 9%
$318,722
$318.7K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$46.1K $24.00/SF
− Vacancy
−$7.8K −$4.08/SF
EGI
$38.2K $19.92/SF
− OpEx
−$9.6K −$4.98/SF
NOI
$28.7K $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%
$573,700
Cap Rate 7%
$409,786
Cap Rate 9%
$318,722
Alternative Uses
Best Use
Office B
$409.8K
$358.6K – $478.1K
NOI $28,685 @ 7.0% cap · market cap 4.10%
Second Best
Healthcare Medical
$391.0K
$342.2K – $456.2K
NOI $27,372 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$546.4K
$478.1K – $637.4K
NOI $38,246 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
423
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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 - Leased medical office in growing area near The Villages.
Where is this medical office space located?
The property is located at 737 Hwy 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: Leased to AdventHealth Medical, offering a solid investment opportunity.; Located in Summit Medical Park.; Meticulously maintained 1,920 SF Medical Office.
