1655 Highway 50 Clermont, FL 34711
- Office buildings
- 16,788 SF
- 0.41 lot acres
Current Use by Public Records
- YURKIEWICZ ORTHODONTICS PA / Orthodontist
- Medical & Sports Massage and Bodywork / Sports Massage Therapist
- Center for Retina & Macular Disease / Ophthalmology Clinic / Doctor
- Dr. Faraz Tartibi / Pediatric Dentist
- ALEN South Lake University / University / Community College
Property Details for 1655 Highway 50
- Year built
- 2008
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.41 lot acres
- Property size
- 16,788 SF
- Property type
- Office buildings
- APN
- 09-22-26-1305-018-00003
- APU
- 92226130501800003
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clermont
- County
- Lake
- State
- Florida
- Longitude
- -81.726
- Latitude
- 28.5451
- CBSA code
- 36740
- CBSA name
- ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA