Office Building on State
1655 E Hwy 50 Clermont, FL 34711
1655 E Hwy 50, Clermont, FL, 34711
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For Sale
Contact for pricing
Office building built in 2008 with diverse tenant mix.
Property Size21,406 SF
Price / SF$319.66
Days on Market648
Property Features for 1655 E Hwy 50
General Information
- Standard status
- Active
- Size
- 21,406 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing Agency
RESMA LLC
Listed by
Alejandro Silbestein · License #BK 3376033
Source
Crexi
Added: Oct 9, 2024 Checked: Jul 17 at 12:22 pm
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 RESMA LLC
Investment Insights
Based on property information with market context.
This property is an office building constructed in 2008. It is located on State Highway 50, where it benefits from high traffic exposure of 52,000 vehicles daily. The building has a net rentable area of 18,924 square feet and a total property size of 21,406 square feet. The property is currently 100% occupied with a diverse tenant mix that includes medical professionals and a U.S. Government Veterans Center. The property also includes executive suites.
Key Highlights
- High traffic exposure: Located on State Highway 50 with 52,000 vehicles passing daily.
- 100% occupancy with a diverse tenant mix.
- Net rentable area of 18,924 sq. ft.
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 | $513.7k | $24.00 |
| − Vacancy | −$87.3k | −$4.08 |
| EGI | $426.4k | $19.92 |
| − OpEx | −$106.6k | −$4.98 |
| NOI | $319.8k | $14.94 |
21,406 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.57M
$4.00M – $5.33M
NOI $319,806 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.09M
$5.33M – $7.11M
NOI $426,408 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
YURKIEWICZ ORTHODONTICS PA
Dental Office
Medical & Sports Massage ...
Alternative Medicine Practice
Center for Retina & Macular ...
Medical Clinic
Dr. Faraz Tartibi
Dental Office
ALEN South Lake ...
Community College
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FAQs
What type of property is this?
Office building - Office building built in 2008 with diverse tenant mix.
Where is this office building located?
The property is located at 1655 E Hwy 50 Clermont, FL.
What is the asking price?
The asking price for this property is $6,842,701.
What are key features of this property?
This property features: High traffic exposure: Located on State Highway 50 with 52,000 vehicles passing daily.; 100% occupancy with a diverse tenant mix.; Net rentable area of 18,924 sq. ft.
