Medical Office in The
For Sale
Contact for pricing
Pending
1050 Old Camp Rd, The Villages, FL 32162
Single-tenant medical office building in a prominent retirement community.
Property Size6,453 SF
Lot Size0.18 Acres
Days on Market880
Property Features for 1050 Old Camp Rd
General Information
Standard status
Pending
Size
6,453 SF
Total Parking Spaces
16
Lot size
0.18 Acres
Property subtype
Office
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Building Details
Year Built
2022
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Northmarq Capital, LLC
Listed By:
Scott Briggs · License #OK 160500
Source:
Crexi
Added: Apr 4, 2024
Changed: Aug 8
Last Checked: Jul 24 at 5:48PM
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.
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
$99,056
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
3.24%
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%
$1,981,120
$2.0M
Cap Rate 7%
$1,415,086
$1.4M
Cap Rate 9%
$1,100,622
$1.1M
Market Conditions
NOI Build-Up for 6,453 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
$161.1K $24.96/SF
− Vacancy
−$29.0K −$4.49/SF
EGI
$132.1K $20.47/SF
− OpEx
−$33.0K −$5.12/SF
NOI
$99.1K $15.35/SF
Area
Sumter County, FL
Vacancy
18.00%
Lease Rate
$24.96 /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%
$1,981,120
Cap Rate 7%
$1,415,086
Cap Rate 9%
$1,100,622
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32162, FL
51,905
Population
37,824
Households
1.4
Avg Household Size
74
Median Age
42%
College-Educated
98%
High-School Grad
22.8 sq mi
ZIP Area
2,277
Density / Sq Mi
$73,927
Median Household Income
$27,310
Median Earnings
$1,497
Median Rent
$358,100
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.
Similar Off Market Nearby
- SUSAN FITZGERALD, DMQ — 1489 Straton Way, The Villages, FL 32162
Frequently Asked Questions
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.
