Upscale Medical/Professional Office
7560 RED BUG LAKE RD 2014, Oviedo, FL 32765
For Sale
$1,995,000
Turnkey, furnished medical/professional office space near hospitals and SR-417.
Property Size4,690 SF
Price / SF$424.47
Days on Market200
Property Features for 7560 RED BUG LAKE RD 2014
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX TOWN & COUNTRY REALTY
Listed By:
Maha Matta, PA · License #674141
(407) 340-6911
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Oct 28 at 9:32AM
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
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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 / Yr
$70,218
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Under-served
Demand for This Use
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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
$418,600
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Oviedo, FL
Properties on Market for Medical Office Space in Oviedo
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Banfield Pet Hospital — 1115 Vidina Pl #195, Oviedo, FL 32765
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.
