Property profile

1050 Old Camp Rd The Villages, FL 32162

FOR SALE
Medical Office Space
Property ID
US18-8222490
22,749 SF 0.64 ac lot Built 2014
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a single-tenant, 6,453-square-foot medical office building in The Villages, Florida. The property, built in 2022, is 100% occupied by DaVita, Inc., under a 15-year net lease (NN) with three 5-year renewal options. The lease commenced March 1, 2023, and includes a 10% rent increase every five years, providing significant long-term growth potential. The building boasts a strong credit-rated corporate guarantee from DaVita, a leading operator in the kidney care industry. Situated on a 0.18-acre lot with 16 parking spaces, the property benefits from its location within the Creekside Medical Center, near major retail in The Villages, a thriving retirement community with a high average household income exceeding $89,000 annually. The property offers a 6.75% cap rate and a substantial net operating income (NOI) of $206,109. The asking price is $3,053,464, translating to $473.19 per square foot. The ground lease has an expiration date of April 18, 2022, but the leasehold interest provides 99 years of control to the future owner. This is a passive investment opportunity in a growing industry, located in a strong demographic area, and offering substantial long-term income potential. The property's location within a dense retail corridor and its proximity to Orlando, the third most visited metro area in the U.S., further enhances its investment appeal. This is a rare opportunity to acquire a high-quality, single-tenant medical office building with a long-term lease and significant upside potential.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2014
Construction STEEL FRAME
Total area 22,749 SF
Lot 0.64 ac (27,878 SF)
APN D23-001-100
UPID US18-8222490

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Dental Office
  • Dental Office
  • Medical Clinic
  • Insurance Agency

Location

1050 Old Camp Rd The Villages, FL 32162
The Villages metro Census 911205 THE VILLAGES, FL MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$775k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$970k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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