Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1139 E Silver Springs Blvd Ocala, FL 34470

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Exceptional commercial retail property in a bustling Ocala location.

    Type:Retail
    Added:
    Apr 22, 2024
    Days on Market:
    722
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 1139 E Silver Springs Blvd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    2008

    Spaces For Lease

    at 1139 E Silver Springs Blvd Contact us

    $21 /Mo

    Size
    2,691 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Lance Schenker

    Listing agent Lance Schenker License #FL 3047977

    Listing office Bill Rodgers Realty

    Listing date Apr 22, 2024

    Source Crexi

    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 Bill Rodgers Realty

    Overview

    Prime Retail Space in Ocala

    This commercial retail property is located in Ocala, Florida, on E. Silver Springs Blvd. The corner endcap space features a large showroom, one office, and an ADA-compliant bathroom. The space is designed to accommodate various business needs and ensure accessibility for all customers. This Class A space is available for immediate occupancy, offering an opportunity to start a new business or expand an existing one in Ocala's commercial area.
    Location Intelligence

    Current Use by Public Records

    Oasis jewelers (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.124123
    Latitude
    29.1873756

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Ocala Historic Office Suite

      Move-in ready office suite with views of the town square.
      18 S MAGNOLIA AVENUE, OCALA, FL 34471
      View Details
    • $17/mo

      Downtown Ocala Commercial Space Available

      6,110 SF commercial space with parking near Downtown Ocala.
      304 S MAGNOLIA AVENUE, OCALA, FL 34471
      View Details
    • $19/mo

      Ocala Surgery Center Office Space

      Two-story office space available for lease in Ocala, Florida.
      3201 SW 34TH STREET, OCALA, FL 34474
      View Details
    • Contact for pricing

      Furnished Office Suite in Ocala

      Functional and flexible 1500 sq ft office space for rent.
      2226 E SILVER SPRINGS BOULEVARD, OCALA, FL 34470
      View Details
    • Contact for pricing

      Ocala Medical Office Space

      Medical office space in Deerwood Office Park near hospitals.
      1630 SE 18TH STREET, OCALA, FL 34471
      View Details
    • Contact for pricing

      Ocala Office Space For Lease

      Office spaces for lease in Ocala, Florida.
      1740 SE 18TH STREET, OCALA, FL 34471
      View Details
    • Contact for pricing

      Ocala Flex Space Available

      Flex space suitable for trades, storage, or e-commerce operations.
      1302 NW 10TH STREET, OCALA, FL 34475
      View Details
    • $30/mo

      Historic Downtown Ocala Office Space

      Classic office space in Ocala's historic Marion Block Building.
      44 SE 1ST AVENUE, OCALA, FL 34471
      View Details
    • $45/mo

      New Retail Center Under Construction

      New retail center with high visibility in a growing area.
      3235 SE MARICAMP ROAD, OCALA, FL 34471
      View Details
    • $7/mo

      Ocala Warehouse with Office Space

      Warehouse space with office available for immediate occupancy.
      4240 SE 53RD AVENUE, OCALA, FL 34480
      View Details
    • Contact for pricing

      Move-in Ready Ocala Office Suite

      Spacious, versatile office suite near downtown Ocala, move-in ready.
      2910 SE 3RD COURT, OCALA, FL 34471
      View Details
    • $15/mo

      Downtown Ocala Office Space Available

      Prime office space in downtown Ocala near courthouse.
      307 NW 3RD STREET, OCALA, FL 34475
      View Details

    FAQs

    What type of property is this?
    Retail space - Exceptional commercial retail property in a bustling Ocala location.
    Where is this retail space located?
    The property is located at 1139 E Silver Springs Blvd Ocala, FL.
    What are key features of this property?
    This property features: Prime corner endcap location on E. Silver Springs Blvd in Ocala, FL.; Class A retail space available for immediate occupancy.; Large showroom suitable for various business needs.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lance Schenker
    Real Estate License ID: FL 3047977
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!