340 Heald Way #100, photo 1
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Overview

0 ba10,750 sqftMedical Office
TypeMedical Office
HOANone listed
Built2016
Lot14,508 sqft
Living area10,750 sqft
Price / sqft$274

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About this home

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340 Heald Way #100 is a 2016-built home The Villages. Listed at $2,950,000 (about $274/sqft), 0 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Flamingo Real Estate & Management is pleased to present Tri-County Podiatry, a fully occupied, purpose-built medical-office investment located at 340 Heald Way in The Villages, Florida. The property is offered at $2,950,000 and is leased to Upperline Health, Inc. under a new six-year lease beginning at $252,000 in annual base rent. Contractual 5% annual increases grow annual base rent to approximately $321,623 by Lease Year 6, while four additional two-year renewal periods provide the potential for a substantially longer tenant relationship. The approximately 10,750-square-foot building contains 10,000 rentable square feet and was constructed in 2016. Its medical buildout includes 21 exam rooms, two nurse stations, an X-ray suite and waiting area, physical-therapy space, separate check-in and check-out areas, a substantial patient lobby, administrative and business offices, conference and employee break rooms, laundry, storage and support areas. This specialized configuration would be costly and time-consuming to reproduce, providing an important occupancy advantage for a medical user. The investment is offered as a leasehold interest rather than fee-simple ownership of the land. The underlying ground lease is with The Villages Operating Company and includes an initial 20-year term measured from the Rent Commencement Date, followed by three 20-year extension options and one 19-year extension option. If properly exercised and all lease conditions are satisfied, the total potential ground-lease period is 99 years. Most importantly, the Upperline Health lease treats Ground Lease Expenses, real estate taxes and landlord insurance as reimbursable operating expenses. The approximate $147,711 ground-rent estimate contained in the 2026 appraisal is therefore not simply deducted from the $252,000 annual base-rent stream. The tenant pays base rent and separately reimburses the identified operating expenses, subject to the lease terms and annual reconciliation. At the $2,950,000 offering price, the stated Year 1 NOI produces an 8.54% capitalization rate and a price of approximately $295 per rentable square foot. The higher going-in yield relative to typical medical-office pricing recognizes the leasehold ownership structure while giving an investor the benefit of a new medical lease, 5% annual rent growth, a modern facility and a location supported by The Villages healthcare economy. The property is located within Colony Professional Plaza near County Road 466A and the Colony Plaza area. Sumter County has an estimated population of 157,772, and 57.6% of residents are age 65 or older, creating sustained demand for podiatry, chronic-care and outpatient healthcare services. Prospective purchasers should review the complete Upperline lease, ground lease, all amendments and approvals, the ground-lessor estoppel, transfer consent, current ground-rent ledger and applicable title and property materials. The offering is subject to verification and may be modified or withdrawn without notice.

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The essentials

Built
2016
Price / sqft
$274
On market
8 days
Annual tax
$20,529
Flood zone
X · Low risk
Lot
14,508 sqft
Type
Medical Office

At a glance

Single family
Built 2016
0.33 acres
Lot size
10,750 sqft
Living area

Payment

Est. monthly payment
$18,571/mo
Down payment (20%)
$590,000
Property taxes
$1,711/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Medical Office
Year Built
2016
Lot
14,508 sqft
Cooling
Central Air
Heating
Central
Parking
Lighted
Days on Market
8
Microwave
Refrigerator
Flood Zone X
Annual Tax (2025)
$20,529
Parcel #
G01-027-100

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

County
Sumter
MLS Area
34762 - Okahumpka
Lot Size
14,508 sqft

Price history

Date
Event
Price
10/2/2026
Listed for sale
Source: Stellar MLS #G5118258
$2,950,000
$274/sqft

Neighborhood

340 Heald Way #100
The Villages, FL, 34762 · 34762 - Okahumpka

Market insights

Offer Insights

Choose an offer strength

List price: $2,950,000
$2.87M – $2.95M
97.4% – 100% of listTops out right at the list price
80% of listList price
22 of the last 42 home closings in 34762 landed at this number or higher (52%). The median one sat 55 days before it went under contract, and this one is on day 8.

Sample: 42 closed home sales in 34762 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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Calculator

Est. monthly payment
$18,571/mo
Principal & interest$15,385
Property taxes$1,711
Insurance$1,475
Down payment20% · $590,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$2,950,000

$274 per sq ft

Size

10,750 sq ft

Time on market

8 days

Year built

2016

Monthly payment

About $18,571/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $20,529 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

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Brokered byFLAMINGO REAL ESTATE & MNGMTListing agent: Robbie ShoemakerListing data from Stellar MLS, MLS# G5118258.

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