Turnkey Medical Office
For Sale
$1,850,000
7560 Red Bug Lake Rd 2014 OVIEDO, Oviedo, FL 32765
Second-floor Class A medical/professional space with two combined units, separate entrances, and furnished exam-and-procedure layout.
Property Size4,690 SF
Price / SF$394.46
Days on Market108
Property Features for 7560 Red Bug Lake Rd 2014 OVIEDO
General Information
Standard status
Active
Size
4,690 SF
Zoning
PUD
Taxes and HOA fees
Annual Taxes
$5,669
Amenities
true
Public Records
Sidewalk,Street Lights
1231
0.03
false
Paved,Asphalt
Slab
Street Lights,Street Paved,Business District
4690
7560
Building Details
Building Size
4,690 SF
Year Built
2008
Buildings
7560
Listed By:
Shadia Wazani
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Oct 4
Last Checked: Oct 7 at 9:30AM
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 Shadia Wazani
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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.
Class A medical/professional office space on the second floor of a two-story elevator building. The offering combines Unit 2010 and Unit 2014 into two separate suites, each with its own entrance and reception area. The space is finished with high-end, upscale finishes throughout and is being sold fully furnished and turnkey, including furniture and equipment.
The former medical configuration includes five exam rooms, three procedure rooms, and an X-ray room, with the X-ray machine included. Additional improvements include four offices, a conference room, billing areas, flex rooms, storage, laundry, and two restrooms. The package may be purchased as both units together or individually, depending on suite availability.
Access is provided via the building’s elevator, supporting convenient use for patients and staff.
The former medical configuration includes five exam rooms, three procedure rooms, and an X-ray room, with the X-ray machine included. Additional improvements include four offices, a conference room, billing areas, flex rooms, storage, laundry, and two restrooms. The package may be purchased as both units together or individually, depending on suite availability.
Access is provided via the building’s elevator, supporting convenient use for patients and staff.
Key Highlights
- Second‑floor Class A medical/professional office in a 2‑story elevator building, built in 2008 (Unit 2010 & 2014 combined).
- Approx. 4,700 SF total with two combined units, each with a separate entrance and reception areas.
- Former medical layout includes 5 exam rooms, 3 procedure rooms, and an X‑ray room (X‑ray machine included).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,069
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,401,380
$1.4M
Cap Rate 7%
$1,000,986
$1.0M
Cap Rate 9%
$778,544
$778.5K
Market Conditions
NOI Build-Up for 4,690 SF
Gross rent
$112.6K $24.00/SF
− Vacancy
−$19.1K −$4.08/SF
EGI
$93.4K $19.92/SF
− OpEx
−$23.4K −$4.98/SF
NOI
$70.1K $14.94/SF
Area
Seminole 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%
$1,401,380
Cap Rate 7%
$1,000,986
Cap Rate 9%
$778,544
Alternative Uses
Best Use
Office B
$1.00M
$875.9K – $1.17M
NOI $70,069 @ 7.0% cap · market cap 3.79%
Second Best
Healthcare Medical
$955.2K
$835.8K – $1.11M
NOI $66,861 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,425 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32765, FL
65,228
Population
23,389
Households
2.8
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
39.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$99,161
Median Household Income
$48,595
Median Earnings
$1,870
Median Rent
$418,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Vet Wellcare Vaccinations Clinic at Pet Supermarket — 1080 Alafaya Trail, Oviedo, FL 32765
- Gentle Farewells - Mobile Vet — Geneva Dr, Oviedo, FL 32762
Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-floor Class A medical/professional space with two combined units, separate entrances, and furnished exam-and-procedure layout.
Where is this medical office space located?
The property is located at 7560 Red Bug Lake Rd 2014 OVIEDO Oviedo, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Second‑floor Class A medical/professional office in a 2‑story elevator building, built in 2008 (Unit 2010 & 2014 combined).; Approx. 4,700 SF total with two combined units, each with a separate entrance and reception areas.; Former medical layout includes 5 exam rooms, 3 procedure rooms, and an X‑ray room (X‑ray machine included).
