700 Doctors CtLeesburg, FL 34748

Property Details for 700 Doctors Ct

Year built

1997

Construction

CONCRETE BLOCKS

Lot size

0.54 AC

Property size (Sq ft)

4,028 SF

Property type

Office properties

Property subtype

Office buildings

APN

25-19-24-1050-000-00300

APU

251924105000000300

Description

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

• CAP approach

  CAP return

  Valuation

  6%

  $837,348

  6.5%

  $772,937

  7%

  $717,727

• Comparable approach

  Method

  Valuation

  Relative Method

  $632,517

  Geo Method

  $632,517

• Alternative Use

  Use

  Valuation

  Residential

  $958,441

  Hospitality

  $877,927

  Educational

  $730,425

  Medical

  $755,546

  Retail

  $1,136,217

Location Insight

City

Leesburg

County

Lake

State

Florida

Latitude

28.8045

Longitude

-81.8684

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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