Turnkey Medical Office
7560 Red Bug Lake Rd 2014 OVIEDO Oviedo, FL 32765
7560 Red Bug Lake Rd 2014 OVIEDO, Oviedo, FL, 32765
$1,995,000
For Sale
$1,995,000
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$425.37
Days on Market16
Property Features for 7560 Red Bug Lake Rd 2014 OVIEDO
General Information
- Standard status
- Active
- Size
- 4,690 SF
Building Details
- Year Built
- 2008
Listing agency
(904) 569-5862
Listed by
Shadia Wazani
(904) 569-5862
Source
Movetojacksonville
Added: Jul 7 Updated: Jul 22 at 10:13AM Checked: Jul 22 at 10:13AM
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
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).
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 | $112.6k | $24.00 |
| − Vacancy | −$19.1k | −$4.08 |
| EGI | $93.4k | $19.92 |
| − OpEx | −$23.4k | −$4.98 |
| NOI | $70.1k | $14.94 |
4,690 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.00M
$875.9K – $1.17M
NOI $70,069 @ 7.0% cap · market cap 3.51%
Second Best
Healthcare Medical
$955.2K
$835.8K – $1.11M
NOI $66,861 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,425 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
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 $1,995,000.
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).
