Turnkey Medical Office
For Sale
$1,850,000
7560 Red Bug Lake Road Unit 2014, Oviedo, FL 32765
Second-floor medical space with two separate entrances, reception areas, and exam/procedure rooms, fully furnished and turnkey.
Property Size4,690 SF
Price / SF$394.46
Days on Market355
Property Features for 7560 Red Bug Lake Road Unit 2014
General Information
Standard status
Active
Size
4,690 SF
Class
A
Property subtype
Commercial
Additional Details
Business Included
Yes
Highway Access
Yes
Office Units
2
Building Details
Year Built
2008
Stories
2
Listing Agency:
RE/MAX TOWN & COUNTRY REALTY
Listed By:
Maha Matta,PA · License #674141
(407) 340-6911
Source:
Realtygroupfl
Added: Oct 31, 2025
Changed: Oct 19
Last Checked: Oct 19 at 9:43AM
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
Ask AI about this property
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 on the second floor of a two-story elevator building off Red Bug Lake Rd. The space combines Unit 2010 and Unit 2014, with two separate entrances and reception areas, high-end finishes, and approximately 4,700 SF total.
The former medical layout includes five exam rooms, three procedure rooms, an X-ray room with the X-ray machine included, four offices, a conference room, billing areas, flex rooms, storage, laundry, and two restrooms. The suites are fully furnished and turnkey, with furniture and equipment included.
Units are offered as a package or individually, with the option to purchase Unit 2014 alone.
The former medical layout includes five exam rooms, three procedure rooms, an X-ray room with the X-ray machine included, four offices, a conference room, billing areas, flex rooms, storage, laundry, and two restrooms. The suites are fully furnished and turnkey, with furniture and equipment included.
Units are offered as a package or individually, with the option to purchase Unit 2014 alone.
Key Highlights
- Class A medical/professional office in a two‑story elevator building, built in 2008
- Approx. 4,700 SF total on the second floor with two combined units (Unit 2010 & 2014)
- Two separate entrances and reception areas for the two units
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Office units
Turnkey business
Opportunity
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
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 - Second-floor medical space with two separate entrances, reception areas, and exam/procedure rooms, fully furnished and turnkey.
Where is this medical office space located?
The property is located at 7560 Red Bug Lake Road Unit 2014 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: Class A medical/professional office in a two‑story elevator building, built in 2008; Approx. 4,700 SF total on the second floor with two combined units (Unit 2010 & 2014); Two separate entrances and reception areas for the two units
