$6,975,000
8946 77th Terrace
Lakewood Ranch, FL 34202
Listing updated: May 22, 2026 at 9:09 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Located in Lakewood Ranch, Florida, this property presents an exceptional medical office investment opportunity. The Radiation Oncology Center features a true NNN lease structure with monthly rent of $37,784.91, providing stable income with no landlord responsibilities. The occupying tenant is responsible for a portion of the building maintenance, while the condominium association maintains the remaining common areas. The property is offered at a 6.5% cap rate, generating $453,418.88 in annual NOI, with annual CPI rent increases built into the lease structure. The current tenant, Advocate Radiation Oncology, has two years remaining on the existing lease term along with a five-year renewal option. The tenant has invested and continues to invest significant capital improvements into the space, demonstrating a strong commitment to long-term occupancy. The building is well maintained and features an attractive architectural design, including a charming courtyard area between the two buildings accented by elegant columns. The interior includes a welcoming waiting room, multiple exam rooms, private offices, and a dedicated CT scan room and two radiation vaults designed to support specialized medical services. Strategically located just 1.6 miles from Lakewood Ranch Medical Center, the property benefits from proximity to a major healthcare hub, supporting continued referral opportunities, collaboration with nearby providers, and sustained patient demand for the tenant.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history51 days on market
- Status: ActiveApr 1, 2026
- Listed$7,545,000Apr 1, 2026
- Price reduced$6,975,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Office
- Status
- Active
- Days on market
- 51
- Subdivision
- Professional Center At Lakewood R 8, 9&10
- County
- Manatee
- Year built
- 2009
- Living area
- 8,046 sq ft
- Price/sq ft
- $867
- Lot size
- 8,046 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12081C0339F)
- Annual taxes
- $23,562 (2025)
- Parcel #
- 1918552979
- Zoning
- PD-MU
- MLS #
- A4688412
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Heating & Cooling
- Cooling
- Central Air
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Ownership
- Fee Simple
Exterior & Construction
- Construction materials
- Stucco
- Foundation
- Slab
- Road surface
- Asphalt
Listing Details
- Listing date
- 2026-04-01
- On market date
- 2026-04-01
- Original list price
- $7,545,000
- MLS area
- 34202 - Bradenton/Lakewood Ranch/Lakewood Rch
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-04-01
- Tax legal description
- UNITS 10-A-1, 10-B-1, 10-C-1, 10-D-1, 10-E-1, 10-F-1, 10-G-1, 10-H-1, 10-I-1, 10-J-1, 10-K-1, 10-L-1, 10-M-1 PROFESSIONAL CENTER AT LAKEWOOD RANCH A CONDO PI#
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From Interstate 75 and University Parkway, head East on University Parkway. Turn left at Town Center Parkway, turn left on 77th Terrace East. Turn left into the parking lot. This building is located at the back of the parking lot.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 22, 2026 at 9:09 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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