Medical Income Property Near
700 Doctors Ct Leesburg, FL 34748
700 Doctors Ct, Leesburg, FL, 34748
Contact for pricing
For Sale
Contact for pricing
Single tenant medical building in UF Health Medical Plaza.
Property Size4,028 SF
Lot Size0.53 Acres
Price / SF$310.08
Days on Market801
Property Features for 700 Doctors Ct
General Information
- Standard status
- Active
- Size
- 4,028 SF
- Lot size
- 0.53 Acres
- Property subtype
- Office
Listing Agency
Grizzard Commercial Real Estate Group
(352) 396-9136
Listed by
Dan Tatro · License #FL 3190991
Source
Crexi
Added: May 8, 2024 Checked: Jul 16 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 Grizzard Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This offering is for a 4,028+/- square foot single-tenant medical building located in a medical park directly across from the University of Florida Health at Leesburg Hospital. The tenant is UF Health Cardiology. The lease is NNN with approximately 4 years remaining on the initial 7-year term, with two 3-year options. The building and property are well-maintained. The site is a corner lot of approximately 0.53 acres, situated at Doctors Court and Medical Plaza. The UF Medical Plaza features maintained buildings, properties, and parking lots. The property is located an hour from Gainesville, Orlando, and Tampa, and minutes from The Villages. The property is intended for medical use.
Key Highlights
- Single‑tenant medical building leased to UF Health Cardiology.
- Located in UF Medical Plaza, directly across from UF Health at Leesburg Hospital.
- NNN lease with approximately 4 years remaining on the initial term, plus two 3‑year options.
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 | $96.7k | $24.00 |
| − Vacancy | −$16.4k | −$4.08 |
| EGI | $80.2k | $19.92 |
| − OpEx | −$20.1k | −$4.98 |
| NOI | $60.2k | $14.94 |
4,028 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$859.7K
$752.2K – $1.00M
NOI $60,178 @ 7.0% cap · market cap 4.82%
Second Best
Healthcare Medical
$820.3K
$717.8K – $957.1K
NOI $57,423 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,238 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Wistar T. ...
Physician
Andrej Jivitski, MD
Physician
Chung S Peter ...
Physician
Joseph J. Murray, ...
Medical Clinic
Dr. Mario J. ...
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Single tenant medical building in UF Health Medical Plaza.
Where is this medical office space located?
The property is located at 700 Doctors Ct Leesburg, FL.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Single‑tenant medical building leased to UF Health Cardiology.; Located in UF Medical Plaza, directly across from UF Health at Leesburg Hospital.; NNN lease with approximately 4 years remaining on the initial term, plus two 3‑year options.
