737 Highway 466Lady Lake, FL 32159

Property Details for 737 Highway 466

Year built

2009

Construction

TYPE NOT SPECIFIED

Lot size

0.12 AC

Property size (Sq ft)

1,920 SF

Property type

Office properties

Property subtype

Office buildings

APN

18-18-24-0200-000-13000

APU

181824020000013000

Description

This meticulously maintained, single-story medical office building presents a compelling investment opportunity. Located in Lady Lake, Florida, at 737 Hwy 466 (APN 18-18-24-0200-000-13000), this 1,920 square foot Class B property (built in 2009) boasts a desirable location within Summit Medical Park, proximate to major retail centers and The Villages. The property features five exam rooms, a physician's office, a reception area with lobby, a break room, a nurses' station, and two restrooms. Currently under a new three-year lease with AdventHealth Medical, this investment benefits from significant area growth, including over 1,500 approved new homes and ongoing retail construction. The property is zoned CP and offers a net rentable area of 1,920 square feet. This is a turnkey investment with a strong tenant in place

• CAP approach

  CAP return

  Valuation

  6%

  $398,872

  6.5%

  $368,190

  7%

  $341,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $301,498

  Geo Method

  $301,498

• Alternative Use

  Use

  Valuation

  Residential

  $456,556

  Hospitality

  $418,202

  Educational

  $347,940

  Medical

  $359,906

  Retail

  $541,239

Location Insight

City

Lady Lake

County

Lake

State

Florida

Latitude

28.9168

Longitude

-81.9382

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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