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Property profile & analytics
FOR SALE
Office buildings
700 Doctors Ct Leesburg, FL 34748
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-5318473
For Sale
1 / 20
$1,249,000
700 Doctors Ct, Leesburg, FL 34748
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Property summary
AI-generated overview
This exceptional investment opportunity presents a 4,028 square foot, single-tenant medical office building situated on a 0.54-acre corner lot in Leesburg, Florida. The property is located within a thriving medical plaza directly across from the University of Florida Health at Leesburg Hospital, ensuring high visibility and accessibility. The building is currently leased to UF Health Cardiology under a triple-net (NNN) lease with approximately four years remaining on the initial seven-year term, plus two three-year options. The building itself is meticulously maintained and presents a highly attractive aesthetic, reflecting the quality of the tenant and the overall medical plaza. The plaza features well-maintained buildings, ample parking, and a desirable location, just an hour from Gainesville, Orlando, and Tampa, and minutes from The Villages. This property offers a strong 5.47% capitalization rate, making it an excellent investment opportunity in Central Florida's robust healthcare market. The property is shown by appointment only
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1997
Construction
CONCRETE BLOCKS
Total area
4,028 SF
Lot
0.54 ac (23,400 SF)
APN
25-19-24-1050-000-00300
UPID
US18-5318473
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
-
Dr. Wistar T. Moore III, MD Physician
-
Andrej Jivitski, MD Physician
-
Chung S Peter MD Physician
-
Joseph J. Murray, Physician Medical Clinic
-
Dr. Mario J. Fernandez-Grela Sr, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$990k
Comparable Approach
Comparable
$881k
Blend (final)
Blend
$1.00M
Owner & transaction history
Bdc Restaurant Properties LLC · 4 yrs held
Bdc Restaurant Properties LLC
since 2021
Last sale
$1.2M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+105.5%
Commercial (general)
$945,000
+64.1%
Auto repair, garage
$940,000
+63.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Leesburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leesburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$945,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$990,000
7%
$915,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,185,000
Change: +105% · Conversion: Difficult
COMMERCIAL (GENERAL)
$945,000
Change: +64% · Conversion: Easy
AUTO REPAIR, GARAGE
$940,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.15M (Aug 25 2021)
Last sale anchor
$1.15M
Aug 25 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$248 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,334
Tax year 2023
Assessed value
$753,116
Assessed 2023
Previous assessed
$699,737
+7.6% YoY
Effective rate
1.64%
On assessed value
Land market value
$218,018
Improvement market value
$535,098
Total market value
$753,116
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Sale
Year built
1997
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
4,028 SF
Lot
0.54 ac (23,400 SF)
APN
25-19-24-1050-000-00300
UPID
US18-5318473
Jurisdiction
LAKE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$945,000
AUTO REPAIR, GARAGE
Est. value
$940,000
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.54 ac
Current owner
From public records · entity-resolved
Bdc Restaurant Properties LLC
Entity
Mailing address
346 GAINESBOROUGH DR, DALLAS, GA 30157-8980
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2021
$1,150,000
Bdc Restaurant Properties LLC
Leesburg Ocala Heart Institute Bldg
Special Warranty Deed
$380,000 · South State Bank NA
—
—
Leesburg-ocala Heart Inst Bldg
—
Deed Of Trust
related
$868,278 · Compass Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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