Pharmacy/Medical Property For
For Sale
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725 County Road 466, Lady Lake, FL 32159
1920 sqft property suitable for pharmacy or medical use.
Property Size1,920 SF
Price / SF$403.65
Days on Market879
Property Features for 725 County Road 466
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Retail
Listing Agency:
European Equities Corporation
Listed By:
Chris Niewiarowski · License #SL3305127
(727) 723-3771
Source:
Crexi
Added: May 24, 2024
Changed: Oct 3
Last Checked: Oct 19 at 5:50AM
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 European Equities Corporation
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1920 square foot property is suitable for pharmacy or medical use.
Key Highlights
- Suitable for pharmacy/medical use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,922
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,440
$598.4K
Cap Rate 7%
$427,457
$427.5K
Cap Rate 9%
$332,467
$332.5K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$41.5K $21.60/SF
− Vacancy
−$1.6K −$0.82/SF
EGI
$39.9K $20.78/SF
− OpEx
−$10.0K −$5.19/SF
NOI
$29.9K $15.58/SF
Area
Lake County, FL
Vacancy
3.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$598,440
Cap Rate 7%
$427,457
Cap Rate 9%
$332,467
Alternative Uses
Best Use
Specialty Retail
$427.5K
$374.0K – $498.7K
NOI $29,922 @ 7.0% cap · market cap 3.86%
Second Best
Retail
$324.5K
$284.0K – $378.6K
NOI $22,716 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$546.4K
$478.1K – $637.4K
NOI $38,246 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
SmartStop Self Storage
Shops & Services
1,602 visits/mo
0.3 miles
Demographics for 32159, FL
30,455
Population
19,670
Households
1.5
Avg Household Size
69
Median Age
29%
College-Educated
95%
High-School Grad
30.2 sq mi
ZIP Area
1,008
Density / Sq Mi
$57,536
Median Household Income
$30,723
Median Earnings
$1,370
Median Rent
$272,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Lady Lake Pharmacy — 725 co rd 466, lady lake, fl 32159
Frequently Asked Questions
What type of property is this?
Drug store - 1920 sqft property suitable for pharmacy or medical use.
Where is this drug store located?
The property is located at 725 County Road 466 Lady Lake, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Suitable for pharmacy/medical use
