Medical Office Building with Urgent
For Sale
$5,300,000
910 OLD CAMP ROAD #110, The Villages, FL 32162
Healthcare facility with specialized exam, procedure, imaging, and administrative spaces in a professional plaza with golf cart access.
Property Size11,798 SF
Price / SF$449.23
Days on Market255
Property Features for 910 OLD CAMP ROAD #110
General Information
Standard status
Active
Size
11,798 SF
Elevators
Yes
Property subtype
Commercial
Zoning
RPUD
Occupancy
100%
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$25,789
Building Details
Building Size
11,798 SF
Year Built
2007
Buildings
1
Tenancy
Multi
Owner Occupied
Yes
Abandoned
No
Listing Agency:
GRIZZARD COMMERCIAL REALESTATE
(352) 787-6966
Listed By:
Michael Pederson · License #3272610
(352) 787-6966
Source:
Mbifloridarealty
Added: Nov 25, 2025
Changed: Aug 2
Last Checked: Aug 6 at 12:28PM
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 GRIZZARD COMMERCIAL REALESTATE
Investment Insights
Based on property information with market context.
This medical office property includes 11,798 SF of heated and cooled space plus 1,105 SF of covered porches. The building contains a shared lobby, two handicap restrooms, X-ray and MRI rooms, reception areas, waiting rooms, therapy rooms, exam rooms, doctors’ offices, RN stations, break rooms, storage, and a pharmacy. The 1,838-SF second-floor area adds an open work area, private office, bathroom, storage, and a 195-SF covered porch, with stair and elevator access.
The owners occupy 8,838 SF, representing 75% of the building, and plan to close their medical practices upon a sale. A separate 2,960-SF unit is occupied by an urgent care practice under a five-year lease ending 10/31/2029, with 2% annual escalators. The property is located at 910 Old Camp Road in The Villages, directly south of Lake Sumter Landing, with golf cart access and ample parking. Zoning is RPUD.
The owners occupy 8,838 SF, representing 75% of the building, and plan to close their medical practices upon a sale. A separate 2,960-SF unit is occupied by an urgent care practice under a five-year lease ending 10/31/2029, with 2% annual escalators. The property is located at 910 Old Camp Road in The Villages, directly south of Lake Sumter Landing, with golf cart access and ample parking. Zoning is RPUD.
Key Highlights
- 11,798 SF of heated and cooled medical office space plus 1,105 SF of covered porches
- Owner‑occupied area totals 8,838 SF, or 75% of the building
- Separate 2,960‑SF urgent care unit leased through 10/31/2029
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
$181,104
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
3.42%
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%
$3,622,080
$3.6M
Cap Rate 7%
$2,587,200
$2.6M
Cap Rate 9%
$2,012,267
$2.0M
Market Conditions
NOI Build-Up for 11,798 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
$294.5K $24.96/SF
− Vacancy
−$53.0K −$4.49/SF
EGI
$241.5K $20.47/SF
− OpEx
−$60.4K −$5.12/SF
NOI
$181.1K $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%
$3,622,080
Cap Rate 7%
$2,587,200
Cap Rate 9%
$2,012,267
Alternative Uses
Best Use
Office B
$2.59M
$2.26M – $3.02M
NOI $181,104 @ 7.0% cap · market cap 3.42%
Second Best
Healthcare Medical
$1.90M
$1.66M – $2.22M
NOI $133,046 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$3.38M
$2.96M – $3.94M
NOI $236,432 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
496
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Healthcare facility with specialized exam, procedure, imaging, and administrative spaces in a professional plaza with golf cart access.
Where is this medical office space located?
The property is located at 910 OLD CAMP ROAD #110 The Villages, FL.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 11,798 SF of heated and cooled medical office space plus 1,105 SF of covered porches; Owner‑occupied area totals 8,838 SF, or 75% of the building; Separate 2,960‑SF urgent care unit leased through 10/31/2029
