Versatile Commercial Building on Bonnie
For Sale
$389,900
Pending
3143 NE 14TH STREET, Ocala, FL 34470
Flexible commercial building suitable for one or multiple businesses.
Property Size3,246 SF
Lot Size0.44 Acres
Days on Market1008
Property Features for 3143 NE 14TH STREET
General Information
Standard status
Pending
Size
3,246 SF
Lot size
0.44 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1955
Listing Agency:
CROSSROADS REALTY, INC
(352) 572-0435
Listed By:
Linda McPherson · License #0696994
(352) 572-0435
Source:
Exitrealty
Added: Oct 27, 2023
Changed: Jul 10
Last Checked: Jul 30 at 5:56AM
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 CROSSROADS REALTY, INC
Investment Insights
Based on property information with market context.
This flexible commercial building, with 3,246 square feet, is located on Bonnie Heath Boulevard, also known as Highway 27. The building can accommodate one business or be divided for use by up to three separate businesses. The layout includes 9 private offices, a large waiting area, one full bath with a shower, and two half baths. It also features one kitchen area and two reception areas, each equipped with built-in desks and storage cabinets. A filing and workspace area is available, along with a large storage room. Currently, the space is configured for two businesses, each with separate entrances and exits. The paved parking lot provides 14 spaces, including handicapped spaces, with ramp access to the offices. A large, fenced storage area is located at the rear of the building, suitable for accommodating work vehicles. The property is located in Ocala, Florida.
Key Highlights
- Flexible commercial building suitable for one to three businesses.
- Located on busy Bonnie Heath Blvd., Hwy 27.
- Includes 9 private offices, multiple reception areas, and kitchen area.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.8k | $13.80 |
| − Vacancy | −$3.5k | −$1.08 |
| EGI | $41.3k | $12.72 |
| − OpEx | −$14.5k | −$4.45 |
| NOI | $26.8k | $8.27 |
3,246 SF · lease $13.80/SF/yr · vacancy 7.80% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,942 @ 7.0% cap · market cap 21.53%
Second Best
Industrial
$531.9K
$465.5K – $620.6K
NOI $37,236 @ 7.0% cap · market cap 9.55%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,079 @ 7.0% cap · market cap 31.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Explore this area
Business Placement
Demographics for 34470, FL
20,483
Population
10,121
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
13.4 sq mi
ZIP Area
1,529
Density / Sq Mi
$49,592
Median Household Income
$36,957
Median Earnings
$1,124
Median Rent
$171,500
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?
Office building - Flexible commercial building suitable for one or multiple businesses.
Where is this office building located?
The property is located at 3143 NE 14TH STREET Ocala, FL.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Flexible commercial building suitable for one to three businesses.; Located on busy Bonnie Heath Blvd., Hwy 27.; Includes **9 private offices, multiple reception areas, and kitchen area.**
