Upscale Medical/Professional Office
For Sale
$1,995,000
7560 RED BUG LAKE RD 2014, Oviedo, FL 32765
Turnkey, furnished medical/professional office space near hospitals and SR-417.
Property Size4,690 SF
Price / SF$424.47
Days on Market108
Property Features for 7560 RED BUG LAKE RD 2014
General Information
Standard status
Active
Size
4,690 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,669
Building Details
Building Size
4,690 SF
Year Built
2008
Listing Agency:
RE/MAX TOWN & COUNTRY REALTY
(407) 340-6911
Listed By:
Maha Matta, PA · License #674141
(407) 340-6911
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 8 at 6:56AM
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 RE/MAX TOWN & COUNTRY REALTY
Investment Insights
Based on property information with market context.
This Class A medical/professional office space is comprised of two combined units, specifically Unit 2010 and Unit 2014, situated on the second floor of a two-story elevator building located off Red Bug Lake Rd. The space totals approximately 4,700 square feet and features two separate entrances and reception areas. The interior showcases high-end, upscale finishes throughout. Previously used for medical purposes, the layout includes 5 exam rooms, 3 procedure rooms, an X-ray room (complete with an X-ray machine), 4 offices, a conference room, billing areas, flex rooms, storage space, a laundry area, and 2 restrooms. The property is fully furnished and turnkey, including both furniture and equipment. It is located minutes from hospitals and SR-417. The property can be purchased as a package with unit 2010 for a total of 4,700 square feet, or unit 2014 can be purchased separately with approximately 2,900 square feet.
Key Highlights
- Turnkey and Fully Furnished: Includes furniture and equipment, ready for immediate use.
- Ideal for Medical Use: Equipped with 5 exam rooms, 3 procedure rooms, and an X‑ray room (with X‑ray machine).
- Spacious: Approximately 4,700 SF with two separate entrances and reception areas.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,218
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,404,360
$1.4M
Cap Rate 7%
$1,003,114
$1.0M
Cap Rate 9%
$780,200
$780.2K
Market Conditions
NOI Build-Up for 4,700 SF
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.
Gross rent
$112.8K $24.00/SF
− Vacancy
−$19.2K −$4.08/SF
EGI
$93.6K $19.92/SF
− OpEx
−$23.4K −$4.98/SF
NOI
$70.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,404,360
Cap Rate 7%
$1,003,114
Cap Rate 9%
$780,200
Alternative Uses
Best Use
Office B
$1.00M
$877.7K – $1.17M
NOI $70,218 @ 7.0% cap · market cap 3.52%
Second Best
Healthcare Medical
$957.2K
$837.5K – $1.12M
NOI $67,003 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,624 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Under-served
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey, furnished medical/professional office space near hospitals and SR-417.
Where is this medical office space located?
The property is located at 7560 RED BUG LAKE RD 2014 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: Turnkey and Fully Furnished: Includes furniture and equipment, ready for immediate use.; Ideal for Medical Use: Equipped with 5 exam rooms, 3 procedure rooms, and an X‑ray room (with X‑ray machine).; Spacious: Approximately 4,700 SF with two separate entrances and reception areas.
