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Property profile & analytics
FOR LEASE
Medical Office Space

289 SW Range Ave Madison, FL 32340

15,255 SF 0.27 ac lot Built 1925
Individually Owned 30-yr Hold Free & Clear
Property ID
US18-3518744
Property summary
AI-generated overview

This exceptional two-story medical office building, located at 289 SW Range Ave in Madison, Florida, presents a unique investment opportunity. Built in 1925, the property boasts a total of 15,255 square feet and is situated on a single lot (APN: 0000003751000000) in Madison County. The building currently features a medical office configuration, including exam rooms, offices, a reception area, and a breakroom. The property is comprised of multiple tenancies. Currently, there are two spaces available for lease. The first floor offers approximately 1,500 square feet of leasable space, with approximately 6,100 square feet currently occupied by Davita. The second floor offers a larger space of approximately 7,600 square feet, providing ample room for expansion or a variety of medical practices. This prime location in Madison, FL (zip code 32340) offers excellent visibility and accessibility. The property's historical charm combined with its modern medical office setup makes it an ideal investment for healthcare professionals seeking a well-established presence in a thriving community. The building's layout is adaptable to suit various medical specialties and practice sizes. This is a rare opportunity to acquire a well-maintained, historically significant medical office building in a desirable location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1925
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,255 SF
Lot 0.27 ac (11,892 SF)
APN 00-00-00-3751-000-000
UPID US18-3518744
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
  • DaVita Four Freedoms Dialysis Medical Clinic
  • Elizabeth Fulford Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Christine M Dulay · 30 yrs held
Christine M Dulay
since 1996
1 recorded transaction
1996
$100
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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