Medical Office in The
1050 Old Camp Rd The Villages, FL 32162
1050 Old Camp Rd, The Villages, FL, 32162
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For Sale
Contact for pricing
Single-tenant medical office building in a prominent retirement community.
Property Size6,453 SF
Lot Size0.18 Acres
Price / SF$473.19
Days on Market834
Property Features for 1050 Old Camp Rd
General Information
- Standard status
- Active
- Size
- 6,453 SF
- Lot size
- 0.18 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2022
Listing Agency
Northmarq Capital, LLC
Listed by
Scott Briggs · License #OK 160500
Source
Crexi
Added: Apr 4, 2024 Checked: Jul 14 at 10:51 am
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
This offering presents the opportunity to acquire the leasehold interest of a single-tenant medical office facility located in The Villages, Florida. Constructed in 2023, the one-story building spans 6,453 square feet and is situated on 0.18 acres within the Creekside Medical Center. The property benefits from its location in a prominent retirement community, near major retail areas. The surrounding area has a population of approximately 118,000 within a five-mile radius, with an average household income exceeding $89,000 annually. The building was built to suit the tenant's specifications, adhering to high standards for patient quality and energy efficiency. The lease agreement has an initial term of 15 years, with three 5-year renewal options. The lease includes rental increases of 10% every five years.
Key Highlights
- New 2023 construction, built‑to‑suit medical office facility.
- Located in The Villages, Florida, a prominent retirement community.
- Tenant operates a state‑of‑the‑art kidney care facility with high patient quality and energy‑efficiency design.
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 | $161.1k | $24.96 |
| − Vacancy | −$29.0k | −$4.49 |
| EGI | $132.1k | $20.47 |
| − OpEx | −$33.0k | −$5.12 |
| NOI | $99.1k | $15.35 |
6,453 SF · lease $24.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.65M
NOI $99,056 @ 7.0% cap · market cap 3.24%
Second Best
Healthcare Medical
$1.04M
$909.6K – $1.21M
NOI $72,770 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,318 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- SUSAN FITZGERALD, DMQ — 1489 Straton Way, The Villages, FL 32162
FAQs
What type of property is this?
Medical Office Space - Single-tenant medical office building in a prominent retirement community.
Where is this medical office space located?
The property is located at 1050 Old Camp Rd The Villages, FL.
What is the asking price?
The asking price for this property is $3,053,464.
What are key features of this property?
This property features: New 2023 construction, built‑to‑suit medical office facility.; Located in The Villages, Florida, a prominent retirement community.; Tenant operates a state‑of‑the‑art kidney care facility with high patient quality and energy‑efficiency design.
