Accessible Medical Office
For Sale
$300,000
A-510 Sw 5th Ter, Williston, FL 32696
Existing dental-office layout with five treatment rooms, reception functions, and on-site parking supports continued professional use.
Property Size1,602 SF
Price / SF$187.27
Days on Market281
Property Features for A-510 Sw 5th Ter
General Information
Standard status
Active
Size
1,602 SF
Total Parking Spaces
10
Additional Details
Gross Income
$27,540
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,877
Building Details
Year Built
1966
Buildings
1
Construction
concrete block
Tenancy
Single
Owner Occupied
No
Abandoned
No
Listing Agency:
harriett downs real estate llc
Listed By:
Marc Pompeo · License #527240
(352) 528-4400
Source:
Exprealty
Added: Nov 25, 2025
Changed: Sep 2
Last Checked: Aug 31 at 7:46PM
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 harriett downs real estate llc
Investment Insights
Based on property information with market context.
This 1,602-square-foot medical office building in Williston, FL, was constructed in 1966 and features concrete-block construction. The handicap-accessible interior is configured for dental operations, with a waiting area, reception space, insurance and file rooms, five treatment rooms, and two bathrooms. Vinyl flooring covers most of the building, while custom wood cabinetry and solid-surface countertops serve the reception area.
The property includes 10 on-site parking spaces and connections to broadband internet, city water and sewer, and natural gas. A tenant is currently in place under a lease extending through March 2029. The existing configuration may support continued medical or dental occupancy as well as other professional office or wellness-related uses, subject to applicable approvals.
The property includes 10 on-site parking spaces and connections to broadband internet, city water and sewer, and natural gas. A tenant is currently in place under a lease extending through March 2029. The existing configuration may support continued medical or dental occupancy as well as other professional office or wellness-related uses, subject to applicable approvals.
Key Highlights
- 1,602‑square‑foot medical office building constructed in 1966
- Concrete‑block construction with a handicap‑accessible interior
- Five treatment rooms, waiting area, reception space, insurance room, and file room
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
$20,162
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
6.72%
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%
$403,240
$403.2K
Cap Rate 7%
$288,029
$288.0K
Cap Rate 9%
$224,022
$224.0K
Market Conditions
NOI Build-Up for 1,602 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
$36.5K $22.80/SF
− Vacancy
−$2.9K −$1.82/SF
EGI
$33.6K $20.98/SF
− OpEx
−$13.4K −$8.39/SF
NOI
$20.2K $12.59/SF
Area
Levy County, FL
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
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%
$403,240
Cap Rate 7%
$288,029
Cap Rate 9%
$224,022
Alternative Uses
Best Use
Healthcare Medical
$288.0K
$252.0K – $336.0K
NOI $20,162 @ 7.0% cap · market cap 6.72%
Second Best
Office B
$285.5K
$249.8K – $333.1K
NOI $19,983 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$396.8K
$347.2K – $462.9K
NOI $27,775 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32696, FL
12,784
Population
6,133
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
88%
High-School Grad
142.4 sq mi
ZIP Area
90
Density / Sq Mi
$56,944
Median Household Income
$36,368
Median Earnings
$827
Median Rent
$202,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing dental-office layout with five treatment rooms, reception functions, and on-site parking supports continued professional use.
Where is this medical office space located?
The property is located at A-510 Sw 5th Ter Williston, FL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,602‑square‑foot medical office building constructed in 1966; Concrete‑block construction with a handicap‑accessible interior; Five treatment rooms, waiting area, reception space, insurance room, and file room
