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Searcy Medical Building 235 SW Dade St
8,060 SF Vacant Office Building Madison, FL 32340 $1,275,000 ($158/SF) 7.93% Cap Rate
Investment Highlights
- Located in the center of the county seat
- Comfortable Waiting, onsite parking, well equipped break room, efficient HVAC system, safe and clean environment
- Easy Access to main thoroughfares
Executive Summary
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$120,000
|
$14.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,000
|
$14.89
|
| Taxes |
$7,600
|
$0.94
|
| Operating Expenses |
$11,000
|
$1.36
|
| Total Expenses |
$18,600
|
$2.31
|
| Net Operating Income |
$101,400
|
$12.58
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $14.89 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $14.89 |
| Taxes | |
|---|---|
| Annual | $7,600 |
| Annual Per SF | $0.94 |
| Operating Expenses | |
|---|---|
| Annual | $11,000 |
| Annual Per SF | $1.36 |
| Total Expenses | |
|---|---|
| Annual | $18,600 |
| Annual Per SF | $2.31 |
| Net Operating Income | |
|---|---|
| Annual | $101,400 |
| Annual Per SF | $12.58 |
Property Facts
Amenities
- Bio-Tech/ Lab Space
- Conferencing Facility
- Courtyard
- Signage
- Kitchen
- Reception
- Natural Light
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
The building can be used for a variety of different uses. Building can be divided into suites based on tenant needs. The building is an 8,060 square foot office/medical space. It is currently divided into two suites. It is in excellent condition, fully built-out with 30 private offices, 2 reception areas, 2 waiting rooms, conference rooms, X-Ray room, Laboratory, secured storage, medical file rooms, workstations, ambulatory, ADA compliant, and wheelchair assessable, and able parking. The Property sits in the city center of Madison, Florida. The building is currently used by two medical tenants. Rent is based on the amount of space and length of lease term
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,000-8,060 SF | Office/Medical | Full Build-Out | Jan 2025 |
1st Floor
| Size |
| 2,000-8,060 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Jan 2025 |
1st Floor
| Size | 2,000-8,060 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Jan 2025 |
The building can be used for a variety of different uses. Building can be divided into suites based on tenant needs. The building is an 8,060 square foot office/medical space. It is currently divided into two suites. It is in excellent condition, fully built-out with 30 private offices, 2 reception areas, 2 waiting rooms, conference rooms, X-Ray room, Laboratory, secured storage, medical file rooms, workstations, ambulatory, ADA compliant, and wheelchair assessable, and able parking. The Property sits in the city center of Madison, Florida. The building is currently used by two medical tenants. Rent is based on the amount of space and length of lease term
PROPERTY TAXES
| Parcel Number | 00-00-00-3753-000-000 | Total Assessment | $322,686 (2023) |
| Land Assessment | $0 (2023) | Annual Taxes | $7,600 ($0.94/SF) |
| Improvements Assessment | $0 (2023) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
-
Vivian Milton -
Southern Country Realty
Presented by
Searcy Medical Building | 235 SW Dade St
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