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    FOR SALE
    Medical Office Space

    1050 Old Camp Rd, The Villages, FL 32162

    22,749 SF 0.64 ac lot Built 2014
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US18-8222490
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    VILLAGES OPERATING COMPANY
    VILLAGES OPERATING COMPANY
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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