700 PHYSICIANS COURT
About This Property
Unlock the potential of this half-acre lot, ideally suited for medical or professional development. Located at the highly desirable corner of Physicians Court and Medical Plaza Drive, this parcel offers an exceptional location for a doctor's office, assisted living facility, or healthcare practice.
Surrounded by established medical and professional buildings, this property is just 3 minutes from vibrant Downtown Leesburg and 2 minutes from the scenic shores of Lake Harris. With its proximity to healthcare hubs and a rapidly growing community, this ready-to-build lot is a rare opportunity to create the next cornerstone in Leesburg's professional landscape.
Make your vision a reality in this prime location!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2024 | Listed by KELLER WILLIAMS REALTY- PALM H | $299,000 | |
| Listed by KELLER WILLIAMS REALTY- PALM H | |||
| Jan 2, 2021 | No longer available | - | |
| No longer available | |||
| Jul 28, 2020 | Relisted | $324,999 | |
| Relisted | |||
| Jul 28, 2020 | Price Decreased |
$310,000
↓ $15K
(4.6%) | |
| Price Decreased | |||
| Jul 17, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017