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    1655 Highway 50 Clermont, FL 34711

    Sponsored
    For Sale
    $6,223,862

    High-Occupancy Medical Office in Clermont, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 21,406 square-foot medical office building, constructed in 2008, presents a compelling investment opportunity. Located at 1655 E Hwy 50 in Clermont, Florida (34711), this multi-tenant property enjoys a prime location on State Highway 50, benefiting from high visibility and exposure to 52,000 vehicles daily. Currently boasting a 97% occupancy rate, the building houses a diverse tenant base including medical professionals and a U.S. Government Veterans Center, ensuring a stable and reliable cash flow. The Net Operating Income (NOI) stands at $466,790, translating to a 7.50% capitalization rate on the asking price of $6,223,862. The property operates under a NNN lease structure. There is a small vacancy offering the potential to increase NOI by an estimated $25,000 annually through additional leasing. The seller owns two of the three buildings in the development, providing additional control and potential upside. This well-maintained asset offers investors a strong performing property with significant growth potential in a desirable location. The building's high occupancy and diverse tenant mix provide a secure investment with a proven track record. This is an excellent opportunity to acquire a high-performing medical office building in a thriving Florida market.

    Property Features for 1655 Highway 50

    General Information

    Property type
    Medical offices

    Building Details

    Year Built
    2008

    HighLights

    • Prime location on State Highway 50, with daily exposure to 52,000 vehicles.
    • 97% occupancy with a diverse tenant mix including medical professionals and a U.S. Government Veterans Center.
    • Potential to increase NOI by $25,000 by leasing the small vacancy.
    • Strong cash flow from existing tenants, offering significant growth potential.
    • 21,406 square feet of net rentable office space.
    • Seller controls two of the three buildings in the development.
    Property Profile Location Intelligence

    Current Use by Public Records

    YURKIEWICZ ORTHODONTICS PA Orthodontist Medical & Sports Massage ... Sports Massage Therapist Center for Retina & Macular ... Ophthalmology Clinic Dr. Faraz Tartibi Pediatric Dentist ALEN South Lake ... University

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clermont
    County
    Lake
    State
    Florida
    Longitude
    -81.725899617735
    Latitude
    28.54489151429

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    FAQs

    What type of property is this?
    Medical office - High-Occupancy Medical Office in Clermont, FL
    Where is this medical office located?
    The property is located at 1655 Highway 50 Clermont, FL.
    What is the asking price?
    The asking price for this property is $6,223,862.
    What are key features of this property?
    This property features: Prime location on State Highway 50, with daily exposure to 52,000 vehicles.; 97% occupancy with a diverse tenant mix including medical professionals and a U.S. Government Veterans Center.; Potential to increase NOI by $25,000 by leasing the small vacancy.
    Request Owner's contact information
    1655 Highway 50 Clermont, FL 34711
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    Clermont, FL 34711
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1655 Highway 50 Clermont, FL 34711
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