Stop paying someone else's mortgage.
A turnkey 10,000 SF medical building in Crestview, built out and operating — yours to own with SBA 504 financing.
Estimated SBA 504 payment, 10% down. Run your specifics in the calculator below.
vs. 18+ months for new construction. Existing medical license. Walk in, certify, see patients.
Medical plumbing, treatment rooms, aquatic therapy pool — already installed.
No build-out delay. No permit risk. The moment you close, you can open.
What would owning this cost you?
Three inputs. Your estimated monthly payment in real time.
SBA 504 financing was built for owner-occupied commercial real estate like this. Most practices qualify with 10% down, fixed long-term rates on the SBA portion, and a structure designed to keep your monthly cost competitive with — and often lower than — what you're already paying in rent.
The calculator below gives you a directional estimate. Your lender will produce exact numbers for your situation, but this gets you to within a few hundred dollars.
Every rent check goes to someone else's retirement.
Yours can start going to your own.
A decade of lease payments is a decade of building someone else's equity. At $5,000 to $12,000 a month in rent — the range a practice this size typically pays across NWFL — that's $600,000 to $1.4M paid out over ten years with nothing on your balance sheet at the end.
Owning your practice's building flips that math. The payment goes to principal. The building appreciates. When you retire, the building is either an income asset you keep or a sale that funds your next chapter.
The catch most owners worry about — that buying is complicated, risky, or out of reach — usually comes from imagining a deal that doesn't apply here. This building is already medical-licensed. It's already built out. It's already operating. There's no construction risk because there's no construction. There's no permit risk because there are no permits to pull.
You don't need to build a building. You just need to own one.
- Monthly payment builds zero equity
- Landlord controls renewal terms
- Annual rent increases
- Move when the lease ends
- Improvements you make benefit the owner
- Monthly payment builds your wealth
- You control the building
- Fixed long-term financing
- Stay as long as you want
- Improvements you make benefit you
Take the side you need. Rent the other side out.
The 6,800 SF main unit is built out for clinical care. The 3,200 SF specialty unit can stay leased — its rent helps cover your mortgage.
The building is set up as two independent units that share a structure. Each has its own entry, signage, and parking lot. You can occupy the larger 6,800 SF unit and keep the smaller unit leased to its current tenant — whose rent reduces your effective monthly payment.
Or take the whole building. Use the second unit for expansion, a service line you've wanted to add, or a partner practice. The optionality is yours.
Take a look inside
View all photos →
One building, two units, two ways to use it
Floor plan
Independent entries · separate parking lots · shared structure.
Occupy the 6,800 SF unit, lease out the 3,200 SF unit — or take the whole building.
$400,000+ in medical build-out is already in place.
The work most owners pay for after closing? It's already done here.
When a medical practice builds out a new lease space, the typical cost runs $50 to $100 per square foot — and the timeline runs 4 to 8 months before the first patient walks in. That's $340,000 to $680,000 for a unit this size, plus half a year of paying rent on space you can't use yet.
This building was purpose-built as a medical clinic and has operated as one continuously. The medical plumbing is in. The treatment rooms are built. The aquatic therapy pool — rare and expensive to add — is operating. The pharmaceutical storage is insurance-certified. The HVAC supports clinical loads.
You don't pay for any of it. You don't wait for any of it. You walk in, get your license assigned, and see patients.
Per unit this size, at $50–$100/SF for medical fit-out
Medical build-out already in place. You don't pay for it. You don't wait for it.
No construction. No permit risk. No rent paid on space you can't use.
Your patient base is growing fast.
Crestview is the fastest-growing area of the Florida panhandle, and the growth is the kind that supports medical demand.
Crestview's population within a 30-minute drive is 78,276 — and that number is climbing. Over 6,000 new homes are approved or under construction nearby. A $1B advanced manufacturing campus is being built 7 minutes north of this property, which will bring thousands of new high-wage jobs over the next decade. Eglin Air Force Base and Hurlburt Field anchor a steady population of military families and retirees who use medical services year-round.
For a practice owner, that translates to a growing, stable patient base in a market where medical office space is hard to find. The submarket vacancy rate is 1.9% — meaning if you wait, the available options get even tighter.
Crestview, FL — where the property sits in its market.
The other unit is already paying rent.
That income offsets your mortgage from Day 1 — if you want it to.
The 3,200 SF unit on the building has an existing tenant — a long-standing local business that pays current market rent. If you'd like to keep them, their rent goes directly toward reducing your monthly carry on the building. If you'd prefer to occupy the whole building yourself, they can be transitioned out under the terms of their lease.
The math is simple. You choose how much building you need, and the income from the other side helps the financing pencil.
Clinical unit · medical-licensed · aquatic therapy infrastructure
Specialty unit · independent entry, signage, parking
Two units. One mortgage. Income on one side helps cover the other.
See what owning this would actually cost you.
Send us a few details. We'll send back an estimated monthly payment, the full ownership breakdown, and an introduction to an SBA-experienced lender.
Thanks. Breakdown incoming.
The listing team will send your estimated payment, the full ownership breakdown, and an SBA lender introduction within one business day.
If you'd rather talk now, reach either listing agent directly.