Medical Office Suite with
7560 RED BUG LAKE RD, Oviedo, FL 32765
For Sale
$1,800,000
Commercial Sale, OVIEDO, FL
Property Size4,690 SF
Lot Size0.03 Acres
Price / SF$383.80
Days on Market309
Property Features for 7560 RED BUG LAKE RD
General Information
Property type
Property subtype
Zoning
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Building materials
Buildings
Listing Agency:
RE/MAX TOWN & COUNTRY REALTY · RE/MAX International
(407) 695-2066
Listed By:
Maha Matta, PA
(407) 340-6911
Added: Jan 5
Changed: Nov 9
Last Checked: Nov 9 at 4:06AM
MLS# O6371049
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Units 2010 and 2014 are combined on the second floor of a two-story elevator building. Their layout includes separate entrances and reception areas, five exam rooms, three procedure rooms, an X-ray room with machine, four offices, a conference room, billing areas, flex rooms, storage, laundry, and two restrooms. Furniture and equipment are included. The building was constructed in 2008 and has central heating and air conditioning.
The property is on Red Bug Lake Road in Oviedo, with hospitals and SR-417 described as minutes away. Zoning is PUD. The units may be offered together or individually.
The property is on Red Bug Lake Road in Oviedo, with hospitals and SR-417 described as minutes away. Zoning is PUD. The units may be offered together or individually.
Key Highlights
- Combined medical office includes 5 exam rooms and 3 procedure rooms
- X‑ray room includes the X‑ray machine
- Four offices, a conference room, billing areas, flex rooms, storage, laundry, and 2 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,069
Cap Rate
3.89%
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 3.89%
Second Best
Healthcare Medical
$955.2K
$835.8K – $1.11M
NOI $66,861 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,425 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Office units
Yes
Highway access
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
$418,600
Median Home Value
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Market
Average Price Trend$/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 - Configured for medical practice, the combined space has a separate entrance and reception area for each unit.
Where is this medical office space located?
The property is located at 7560 RED BUG LAKE RD Oviedo, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Combined medical office includes 5 exam rooms and 3 procedure rooms; X‑ray room includes the X‑ray machine; Four offices, a conference room, billing areas, flex rooms, storage, laundry, and 2 restrooms
