Medical Office Investment
737 Hwy 466 Lady Lake, FL 32159
737 Hwy 466, Lady Lake, FL, 32159
Contact for pricing
For Sale
Contact for pricing
Leased medical office in growing area near The Villages.
Property Size1,920 SF
Price / SF$364.58
Days on Market682
Property Features for 737 Hwy 466
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Property subtype
- Office
Building Details
- Year Built
- 2009
Listing Agency
Akin Realty Company
(352) 266-7795
Listed by
Fran Akin · License #BK544440
Source
Crexi
Added: Sep 5, 2024 Checked: Jul 16 at 12:03 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, 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.
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
AdventHealth Medical Group ...
Medical Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Animal Clinic of Lady Lake — 414 Teague Trail, Lady Lake, FL 32159
FAQs
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.
