425 Nursing Home Dr Arcadia, FL 34266-3839
- Medical offices
- 8,022 SF
- 1.00 lot acres
Current Use by Public Records
- Dr. Wael Alokeh, MD / Internist
- Demler James W MD / Urologist
- Dr. Bassam Altajar, MD / Cardiologist
- Gapin Tracy B MD / Urologist
- Cary L Dunn Pa / Doctor
Property Details for 425 Nursing Home Dr
- Year built
- 2007
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.00 lot acres
- Property size
- 8,022 SF
- Zone code
- PUD
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 30-37-25-0A00-1422-0000
- APU
- 3037250A0014220000
Description
This exceptional investment opportunity presents a fully leased, single-story medical office building totaling 7,873 square feet situated on one acre in Arcadia, Florida. Built in 2007, the Class B property boasts a strong 6.75% cap rate and a current NOI of $173,206. The property is 100% occupied by two tenants under a triple-net (NNN) lease with a remaining term of 5.8 years, commencing September 1, 2023, and expiring August 31, 2030. The lease includes three 3-year renewal options with 2% annual rent bumps. The building is zoned for professional use and benefits from excellent visibility adjacent to DeSoto Memorial Hospital. Minimal landlord responsibilities are included in the lease, covering only the roof and structure. The asking price is $2,566,014, translating to $325.93 per square foot. This is a rare opportunity to acquire a stable, high-performing medical office investment in a desirable location. The property features a single building with one unit. The APN is 30-37-25-0A00-1422-0000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,025,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,075,000
- 6.5%
- $2,200,000
- 7%
- $2,510,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,530,000
- Geo Method
- $2,150,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,225,000
- Retail
- $2,625,000
- Mixed-Use
- $2,600,000
- Hospitality
- $2,735,000
- Educational
- $2,110,000
- Residential Income
- $2,005,000
- Energy
- $2,080,000
- Income-Based Land
- $2,130,000
- Food Service
- $2,720,000
Location Insight
- Map
- Local Demand
- City
- Arcadia
- County
- Desoto
- State
- Florida
- Longitude
- -81.8505
- Latitude
- 27.2285
- CBSA code
- 11580
- CBSA name
- ARCADIA, FL MICROPOLITAN STATISTICAL AREA