Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    506 SE 3Rd Ave Ocala, FL 34471

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,995,000

    5,160 SF office building in Ocala, Florida.

    Property size:
    5,160 SF
    Lot size:
    1.34 Acres

    Property Features for 506 SE 3Rd Ave

    General Information

    Size
    5,160 SF
    Lot size
    1.34 Acres

    We can help!

    Listing Contact
    Erin Freel
    Erin Freel
    Source: Moodyscre

    Listing Agent: Erin Freel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Ocala Office Building For Sale

    This 5,160 square foot office building, constructed in 1951, features 8 offices, a work area, and storage space. The layout includes two additional large, open areas and a full kitchen. The office area has high ceilings; however, the walls do not fully extend to meet the ceiling. The property has two personnel access points to SE 6th Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.1347899
    Latitude
    29.1821345

    Nearby Similar for Sale

    • $1,200,000
      0.18 Acres

      Versatile Mixed-Use Commercial/Residential Property

      Mixed-use property with B1A zoning, ideal for various business ventures.
      434 SW 14Th St, Ocala, FL 34471
      View Details
    • $3,250,000
      4,400 SF

      Ocala Equestrian Farm with Gardens

      42-acre horse farm with gardens near equestrian centers.
      12500 NW 100Th St, Ocala, FL 34482
      View Details
    • $1,999,999
      6,200 SF

      Equestrian Compound Near HITS Farm

      Income-producing equestrian facility with cottages and equine amenities on 7.5+ acres.
      13646 N Us Highway 27, Ocala, FL 34482
      View Details
    • $499,000
      1,946 SF

      Turn-Key Salon on 1.47 Acres

      Remodeled commercial property on NE Jacksonville Rd, Ocala, Florida.
      3132 NE Jacksonville Rd, Ocala, FL 34479
      View Details
    • New
      $1,099,000
      2,621 SF

      Ocala Equestrian Estate with Guest House

      5-acre equestrian estate featuring updated main residence, guest house, and barn.
      7509 SW 93Rd Street Rd, Ocala, FL 34476
      View Details
    • $1,650,000
      2,395 SF

      Equestrian Farm Near WEC

      Updated 6+ acre farm in gated equestrian community.
      6208 NW 12Th St, Ocala, FL 34482
      View Details
    • $1,600,000
      1,404 SF

      Ocala Farm Near Equestrian Center

      10-acre farm near World Equestrian Center in Ocala, Florida.
      4520 NW 95Th Avenue Rd, Ocala, FL 34482
      View Details
    • New
      $1,999,999
      3,794 SF

      Ocala Farm with Equestrian Amenities

      6.89-acre Ocala farm featuring residences, barn, and equestrian facilities.
      10925 SW 16Th Ave, Ocala, FL 34476
      View Details
    • $995,000
      2,298 SF

      Equestrian Farm in Horse Capital

      12-acre farm with renovated home and equestrian facilities.
      6980 SW 72Nd Ct, Ocala, FL 34476
      View Details
    • $1,049,000
      Pending

      Equestrian Estate with Four-Stall Barn

      Southeast Ocala property on 4+ acres with equestrian facilities.
      8801 SE 7Th Avenue Rd, Ocala, FL 34480
      View Details
    • New
      $2,950,000
      3,053 SF

      Equestrian Estate Near World Equestrian Center

      Modern estate with equestrian facilities near Ocala's prestigious destinations.
      11098 NW 50 Ln, Ocala, FL 34482
      View Details
    • $1,695,000
      2,985 SF

      Ocala Equestrian Farm with Upgrades

      12.71-acre farm near World Equestrian Center with updated home.
      11851 SW 38Th St, Ocala, FL 34481
      View Details

    FAQs

    What type of property is this?
    Office building - 5,160 SF office building in Ocala, Florida.
    Where is this office building located?
    The property is located at 506 SE 3Rd Ave Ocala, FL.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - 5,160 SF Office Building; - Features 8 Offices, work area, and storage; - 2 Additional large open areas
    (813) 478-1735
    Request Owner's contact information
    506 SE 3Rd Ave Ocala, FL 34471
    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.
    506 SE 3Rd Ave
    Ocala, FL 34471
    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
    506 SE 3Rd Ave Ocala, FL 34471
    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

    We can help!
    Listing Contact
    Erin Freel
    Erin Freel
    Real Estate License ID: 3431257
    (813) 478-1735
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.