Ocala Professional Office For
For Sale
$850,000
Pending
3235 SW 34TH St 102, Ocala, FL 34474
4,161 SF professional office space in a highly accessible location.
Property Size4,700 SF
Lot Size0.09 Acres
Days on Market152
Property Features for 3235 SW 34TH St 102
General Information
Standard status
Pending
Size
4,700 SF
Lot size
0.09 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,370
Building Details
Building Size
4,700 SF
Year Built
2004
Stories
1
Listing Agency:
EXP REALTY, LLC
(727) 207-8292
Listed By:
Charles White · License #3059270
(727) 207-8292
Source:
Elliman
Added: Mar 25
Changed: Aug 7
Last Checked: Jul 27 at 10:42AM
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
This 4,161 SF professional office space, with an additional 539 SF Mezzanine, is located in a highly accessible area of Ocala. The space is suitable for medical, professional, or administrative use, featuring a functional layout with a mix of private and collaborative areas. The office includes a lobby and reception area, five procedure rooms, two private offices, and three larger open work areas suitable for bullpen-style operations, training, or specialty use. A large conference room is available for meetings and presentations. Additional amenities include an IT room, a break room, and two ADA-compliant restrooms. The layout offers flexibility for professional office, wellness, therapy, or corporate office users. The space can be adapted to suit an owner-user or investor’s needs. Located on SW 34th Street, the property benefits from convenient access to major Ocala corridors, nearby retail, medical, and residential areas.
Key Highlights
- 4,161 ± SF professional office with an additional 539 ± SF Mezzanine.
- Strategically located on SW 34th Street with convenient access to major corridors.
- Functional layout ideal for medical, professional, or administrative users.
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
$49,605
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
5.84%
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%
$992,100
$992.1K
Cap Rate 7%
$708,643
$708.6K
Cap Rate 9%
$551,167
$551.2K
Market Conditions
NOI Build-Up for 4,161 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
$92.4K $22.20/SF
− Vacancy
−$9.7K −$2.33/SF
EGI
$82.7K $19.87/SF
− OpEx
−$33.1K −$7.95/SF
NOI
$49.6K $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%
$992,100
Cap Rate 7%
$708,643
Cap Rate 9%
$551,167
Alternative Uses
Best Use
Office B
$1.54M
$1.35M – $1.79M
NOI $107,604 @ 7.0% cap · market cap 12.66%
Second Best
Healthcare Medical
$708.6K
$620.1K – $826.8K
NOI $49,605 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $159,055 @ 7.0% cap · market cap 18.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,402
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34474, FL
17,781
Population
9,207
Households
1.9
Avg Household Size
41
Median Age
31%
College-Educated
93%
High-School Grad
21.0 sq mi
ZIP Area
847
Density / Sq Mi
$62,150
Median Household Income
$36,422
Median Earnings
$1,605
Median Rent
$177,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 4,161 SF professional office space in a highly accessible location.
Where is this medical office space located?
The property is located at 3235 SW 34TH St 102 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 with an additional 539 ± SF Mezzanine.; Strategically located on SW 34th Street with convenient access to major corridors.; Functional layout ideal for medical, professional, or administrative users.
