Professional Office with
For Sale
$850,000
102-3235 Sw 34th St, Ocala, FL 34471
Professional office for sale with a lobby, multiple private and open areas, five procedure rooms, and ADA-compliant restrooms.
Property Size4,700 SF
Price / SF$180.85
Days on Market179
Property Features for 102-3235 Sw 34th St
General Information
Standard status
Active
Size
4,700 SF
Taxes and HOA fees
Annual Taxes
$11,370
Amenities
lobby
reception area
conference room
IT room
break room
Listing Agency:
GUS GALLOWAY REALTY INC
(352) 622-8127
Listed By:
Charles White · License #3361501
(727) 207-8292
Source:
Exprealty
Added: Mar 23
Changed: Sep 16
Last Checked: Sep 16 at 9:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GUS GALLOWAY REALTY INC
Investment Insights
Based on property information with market context.
This professional office property offers approximately 4,161± SF of office space with an additional 539± SF mezzanine. The layout includes a welcoming lobby and reception area, five procedure rooms, two private offices, and three larger open work areas suitable for collaborative or bullpen-style operations. A large conference room supports meetings and presentations, with additional interior amenities including an IT room, a break room, and two ADA-compliant restrooms.
The property is located on SW 34th Street in a well-located, highly accessible area of Ocala, with convenient access to major Ocala corridors and nearby retail, medical, and residential areas.
Overall, the room mix provides flexibility for medical, professional, or administrative uses, with both private spaces and larger open areas for adaptable day-to-day operations.
The property is located on SW 34th Street in a well-located, highly accessible area of Ocala, with convenient access to major Ocala corridors and nearby retail, medical, and residential areas.
Overall, the room mix provides flexibility for medical, professional, or administrative uses, with both private spaces and larger open areas for adaptable day-to-day operations.
Key Highlights
- 4,161 ± SF professional office building with an additional 539 ± SF mezzanine
- Welcoming lobby and reception area plus five procedure rooms and a large conference room
- Two private offices and three larger open work areas for bullpen‑style operations or training
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,031
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,120,620
$1.1M
Cap Rate 7%
$800,443
$800.4K
Cap Rate 9%
$622,567
$622.6K
Market Conditions
NOI Build-Up for 4,700 SF
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.
Gross rent
$104.3K $22.20/SF
− Vacancy
−$11.0K −$2.33/SF
EGI
$93.4K $19.87/SF
− OpEx
−$37.4K −$7.95/SF
NOI
$56.0K $11.92/SF
Area
Marion County, FL
Vacancy
10.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,120,620
Cap Rate 7%
$800,443
Cap Rate 9%
$622,567
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,542 @ 7.0% cap · market cap 14.30%
Second Best
Healthcare Medical
$800.4K
$700.4K – $933.9K
NOI $56,031 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$2.57M
$2.25M – $2.99M
NOI $179,659 @ 7.0% cap · market cap 21.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34471, FL
27,632
Population
12,071
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
93%
High-School Grad
19.8 sq mi
ZIP Area
1,396
Density / Sq Mi
$60,283
Median Household Income
$37,565
Median Earnings
$1,225
Median Rent
$292,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional office for sale with a lobby, multiple private and open areas, five procedure rooms, and ADA-compliant restrooms.
Where is this medical office space located?
The property is located at 102-3235 Sw 34th St Ocala, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 4,161 ± SF professional office building with an additional 539 ± SF mezzanine; Welcoming lobby and reception area plus five procedure rooms and a large conference room; Two private offices and three larger open work areas for bullpen‑style operations or training
