Property profile

1109 SW 10Th St Ocala, FL 34471

FOR LEASE
Commercial real estate
Property ID
US18-3710616
9,408 SF 1.57 ac lot Built 1966
Entity Owned 11-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 9,400-square-foot medical office building presents a unique investment opportunity in Ocala, Florida. Situated on a 1.57-acre lot, this single-tenant property boasts a prime location, just minutes from area hospitals. Built in 1966, the Class B building features a spacious layout ideally suited for medical practices. The existing build-out includes seven exam rooms with sinks, a large physical therapy room (30' x 26'), a conference room, a procedure room, a nurses' station, trauma bays, a reception/front office, and a substantial waiting area. The property offers ample parking with a ratio of 5.96 spaces per 1,000 square feet. Currently fully vacant, this presents a blank canvas for a new tenant, with the landlord offering tenant improvements toward build-out. Detailed floor plans are available upon request. The property is zoned B4 and has a Marion County Property Appraiser Parcel ID of 2849-001-002. This is a rare opportunity to acquire a well-located, sizable medical office building in a thriving Ocala submarket. The property's size, existing infrastructure, and convenient location make it an attractive prospect for a variety of medical practices. Don't miss this chance to secure a valuable asset in a high-demand area.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,408 SF
Lot 1.57 ac (68,389 SF)
Zoning code B4
APN 2849-001-002
UPID US18-3710616

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician

Location

1109 SW 10Th St Ocala, FL 34471
Ocala metro Census 1800 OCALA, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.82M
Comparable Approach Comparable
$2.11M
Blend (final) Blend
$1.70M

Owner & transaction history

since 2014
7 recorded transactions
2019
Price N/A
2018
Price N/A
2014
$1.7M
2004
Price N/A
1996
$142,500
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B4 · Ocala, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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