Updated Office Building on Hwy
1720 E CR-484 E, Belleview, FL 34420
Office - BELLEVIEW, FL
Type:Office
Property size:
2,514 SFLot size:
0.45 AcresPrice / SF:
$288/SF- Added:
- Mar 20, 2026
- Days on Market:
- 60
- Last Refresh:
- May 18 at 12:06 am
Property Features for 1720 E CR-484 E
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- B5
- Standard status
- Active
- APN
- 41503-002-00
- Size
- 2,514 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5238.33
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1988
- Flooring type
- Carpet, Tile, Tile - Ceramic
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Lori Busch License #3104889 (352) 804-5544
Listing office BUSCH REALTY 3300 SE 3rd Avenue, Ocala, FL (352) 690-1909
Listing date Mar 20, 2026
MLS# OM721334
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑traffic location on Hwy 484, ensuring excellent visibility and accessibility.
- Zoned B5, suitable for a variety of business uses.
- Two‑unit office building providing immediate rental income potential with existing tenants.
- Recently updated and remodeled, including a new roof installed in 2022.
- Conveniently located near I‑75 and the traffic light at 475 and Hwy 484.
- Well‑maintained property with a fenced perimeter and attractive parking lot.
Overview
This two-suite office building is located on Hwy 484 and zoned B5. The property measures 100 x 200 feet. The building has a total area of 2514 square feet, including a 384 square foot mezzanine. Unit A, on the east side, is an 1170 square foot office with a full bath. Suite B, on the west side, is 1344 square feet, including the mezzanine, and features a conference room, a large private office, and a full bath with shower. The building has been updated and remodeled, and the roof was replaced in 2022. Currently, the east side is occupied by a chiropractor and physical therapy tenant, while the west suite is occupied by an engineering realtor tenant. The property is located 2.5 miles east of I-75 and 0.5 miles east of the traffic light at 475 and Hwy 484. The property is fenced and includes a parking lot with 5 lined spaces and additional parking. New paint and landscaping enhance the building's appeal. It faces four-lane Hwy 484, providing access to Belleview, South Ocala, and The Villages. This property is suitable for income production or future use.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$722.4K
NOI $65,012 @ 9.00% cap · cautious / downside scenario
Moderate
$928.7K
NOI $65,012 @ 7.00% cap · market / base-case scenario
Aggressive
$1.30M
NOI $65,012 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.4k | $37.56 |
| − Vacancy | −$7.7k | −$3.08 |
| EGI | $86.7k | $34.48 |
| − OpEx | −$21.7k | −$8.62 |
| NOI | $65.0k | $25.86 |
2,514 SF · lease $37.56/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$928.7K
$812.7K – $1.08M
NOI $65,012 @ 7.0% cap · market cap 8.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,098 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Map
- City
- Belleview
- County
- Marion
- State
- Florida
- Longitude
- -82.0588
- Latitude
- 29.0589
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-suite office building on Hwy 484 near I-75.
Where is this office building located?
The property is located at 1720 E CR-484 E Belleview, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: High‑traffic location on Hwy 484, ensuring excellent visibility and accessibility.; Zoned B5, suitable for a variety of business uses.; Two‑unit office building providing immediate rental income potential with existing tenants.
