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    3201 SW 34Th St Ocala, FL 34474

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    Sponsored
    For Lease
    $19 SF/Yr

    Medical Office - OCALA, FL

    Property size:
    23,246 SF
    Lot size:
    1.67 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 21 at 1:06 am

    Property Features for 3201 SW 34Th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OP
    APN
    2372-008-006
    Size
    23,246 SF
    Lot size
    1.67 Acres

    Utilities

    Heating system
    Central, Exhaust Fan (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1991
    Number of units
    2
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Block, Frame, Stucco
    Roof type
    Built-Up, Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    Lori Busch
    Lori Busch

    Busch Realty

    Listing agent Lori Busch License #3104889

    Listing date Mar 20, 2026

    MLS# OM721212 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.

    Learn more

    Property Insight Report

    Overview

    Ocala Medical Office For Lease

    Located in the Paddock Park area, this two-story building offers a space available for lease on the second floor. The property is currently undergoing remodeling, including the installation of new flooring. The interior features three spacious conference rooms with ornate wood trim and built-in elements, along with six bathrooms, four of which include showers. A reception area is also present. The building includes two stairways and space for a new elevator. Ample parking is available, with additional overflow parking on an adjacent property owned by the landlord. The space is versatile and suitable for general office use or a medical physician practice. The property is situated on a 1.67-acre lot. The available space is 6,000 square feet, and the total property size is 23,246 square feet. The base rent is $19 per square foot, with an estimated $4.00 per square foot for NNN charges.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    bay endoscopy center Hospital Dr. Ira W. ... Physician Health Team Medical Clinic Spine & Joint Centers ... Medical Clinic Dr. D R. ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Nail Salon Building Supply Gym & Fitness Center Accounting Firm Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Luis Gonzalez - Paddock Park Animal Care Center, Petco Vaccination Clinic, Gail Perfect, Kendal Roweton - Paddock Park Animal Care Center, David menard, DVM

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.172016
    Latitude
    29.154036

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    FAQs

    What type of property is this?
    Medical Office Space - Two-story medical office space available for lease in Ocala.
    Where is this medical office space located?
    The property is located at 3201 SW 34Th St Ocala, FL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Versatile 6000 sq ft space suitable for general office or medical practice; - Prime location in Paddock Park near Ocala Surgery Center; - Currently being remodeled with **new flooring**
    (352) 804-5544
    Request Owner's contact information
    3201 SW 34Th St Ocala, FL 34474
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    Ocala, FL 34474
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3201 SW 34Th St Ocala, FL 34474
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    We can help!
    Listing Contact
    Lori Busch
    Lori Busch
    Real Estate License ID: 3104889
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