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Property profile & analytics
FOR SALE
Office buildings

1655 Highway 50 E Clermont, FL 34711

16,788 SF 0.41 ac lot Built 2008
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US18-6102823
1655 Highway 50 E, Clermont, FL 34711 For Sale
$6,842,701 16,788 SF
1655 Highway 50 E, Clermont, FL 34711
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2008
Construction CONCRETE BLOCKS
Total area 16,788 SF
Lot 0.41 ac (17,923 SF)
APN 09-22-26-1305-018-00003
UPID US18-6102823
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
Current use
Occupant on record · Public records
  • YURKIEWICZ ORTHODONTICS PA Dental Office
  • Medical & Sports Massage and Bodywork Alternative Medicine Practice Spa & Massage Center
  • Center for Retina & Macular Disease Medical Clinic Ophthalmologist
  • Dr. Faraz Tartibi Dental Office
  • ALEN South Lake University University Community College
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.67M
Blend (final) Blend
$4.67M
Owner & transaction history
Reflin 23 Florida Plaza LLC · 7 yrs held
Reflin 23 Florida Plaza LLC
since 2019
3 recorded transactions
2019
$4.3M
2008
$565,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $6.5M +28.8%
Restaurant $5.9M +16.9%
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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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