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    16608 Sunrise Lakes Blvd Clermont, FL 34714
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    16608 Sunrise Lakes Blvd, Clermont, FL 34714

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    • Office Spaces
    • 2,273 SF
    • 0.06 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 16608 Sunrise Lakes Blvd

    Year built
    2024
    Lot size
    0.06 lot acres
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional investment opportunity presents two brand-new, Class A medical office buildings in Clermont, Florida's Sunrise Medical Office Park. Located at 16608 and 16616 Sunrise Lakes Blvd, these buildings offer a combined total of 7,323 square feet (2,273 sq ft and 5,050 sq ft) on 0.18 acres of land. Both buildings are single-story structures, completed in 2024, and delivered as gray shells, ready for tenant build-out. Building 5 (5,050 sq ft on 0.12 acres) is currently listed for $1,545,000. The property boasts a convenient 5.44/1000 parking ratio and enjoys a prime location near Orlando Health South Lake Hospital, providing excellent visibility and accessibility. The surrounding area features a mix of retail, restaurants, and residential neighborhoods, ensuring a strong patient base. Easy access to major roadways, including Highway 27 and State Road 50, adds to the property's appeal. This is an ideal opportunity for medical professionals seeking a turnkey space in a thriving community. The property is zoned for medical office use and offers a strong return on investment. The buildings are ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clermont
    County
    Lake
    State
    Florida
    Longitude
    -81.6803
    Latitude
    28.3671

    Comparable in this City

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      0.06 Acres

      Sunrise Plaza Dr

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      2607 Us-27

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      49,195 SF

      16966 Cagan Rdg Blvd

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      $1,235,000
      2,716 SF

      2115 Us Hwy 27

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    • Value Estimation by Request
      672 SF

      11945 Sand Mine Rd

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      Pending

      Medical Office Shell Building For Sale

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      Olympus Master Development Opportunity

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      5,050 SF

      Versatile Space on Sunrise Lakes

      Adaptable space ideal for retail, office, or commercial services.
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    • $220,000
      4.24 Acres

      Clermont Land: Dream Home Potential

      4.24-acre land in Clermont, Florida, ideal for building your dream home.
      State Road 33, Clermont, FL 34714
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    • $130,000
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      Clermont Land For Sale

      1.25 acre lot in Clermont, Florida.
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    • $97,500

      Restaurant Space with Drive-Through

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      1,392 SF

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      2 SF

      Prime Land Near Publix

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      Commercial Ground Lease Opportunity

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    Clermont, FL 34714
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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