Medical Office Building with PT
1109 SW 10th Street Ocala, FL 34471
1109 SW 10th Street, Ocala, FL, 34471
$1,850,000
For Sale
$1,850,000
Former urgent care features exam rooms, a large physical therapy room, and multiple clinical support spaces for healthcare users.
Property Size9,400 SF
Lot Size1.57 Acres
Price / SF$196.81
Days on Market20
Property Features for 1109 SW 10th Street
General Information
- Standard status
- Active
- Size
- 9,400 SF
- Lot size
- 1.57 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1966
Listing Agency
NAI Heritage | Ocala
(352) 817-3860
Listed by
Randy Buss, CCIM, SIOR · License #FL #BK3105657
(352) 817-3860
Source
Naiglobal
Added: Jun 29 Checked: Jul 17 at 4:29 am
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 NAI Heritage | Ocala
Investment Insights
Based on property information with market context.
A 9,400 SF medical office building built in 1966 and available for sale. The space is currently built out for healthcare use, with seven exam rooms with sinks, a large 30' x 26' physical therapy room, a conference room, procedure room, and a nurses station. Additional improvements include reception/front office areas, a large waiting room, and triage stations, along with trauma bays, providing a clinical layout suited to patient intake and treatment.
The property sits on 1.57 acres and is zoned B4. It also features high exposure with a large monument sign and an AADT of 26,000 cars per day (FDOT 2022). Parking is available at a ratio of 5.96 per 1,000 SF, supporting daily patient and staff visits. Floor diagrams are available upon request.
For buyers or operators seeking a turnkey clinical facility, the existing urgent care configuration can reduce buildout requirements compared with starting from a blank shell. The combination of exam space, physical therapy capacity, and dedicated support rooms makes the building practical for medical practices and related healthcare services that need multiple functional treatment areas and an efficient front-of-house waiting and reception flow.
The property sits on 1.57 acres and is zoned B4. It also features high exposure with a large monument sign and an AADT of 26,000 cars per day (FDOT 2022). Parking is available at a ratio of 5.96 per 1,000 SF, supporting daily patient and staff visits. Floor diagrams are available upon request.
For buyers or operators seeking a turnkey clinical facility, the existing urgent care configuration can reduce buildout requirements compared with starting from a blank shell. The combination of exam space, physical therapy capacity, and dedicated support rooms makes the building practical for medical practices and related healthcare services that need multiple functional treatment areas and an efficient front-of-house waiting and reception flow.
Key Highlights
- 9,400 SF former urgent care medical office building, zoned B4
- Built in 1966 on 1.57 acres (Parcel ID: 2849‑001‑002)
- Includes seven exam rooms with sinks, plus a large 30' x 26' physical therapy room
Local Financial Insights For Healthcare Medical
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 | $208.7k | $22.20 |
| − Vacancy | −$21.9k | −$2.33 |
| EGI | $186.8k | $19.87 |
| − OpEx | −$74.7k | −$7.95 |
| NOI | $112.1k | $11.92 |
9,400 SF · lease $22.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$3.47M
$3.04M – $4.05M
NOI $243,085 @ 7.0% cap · market cap 13.14%
Second Best
Healthcare Medical
$1.60M
$1.40M – $1.87M
NOI $112,061 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$5.13M
$4.49M – $5.99M
NOI $359,318 @ 7.0% cap · market cap 19.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Edward Demmi
Physician
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FAQs
What type of property is this?
Medical Office Space - Former urgent care features exam rooms, a large physical therapy room, and multiple clinical support spaces for healthcare users.
Where is this medical office space located?
The property is located at 1109 SW 10th Street Ocala, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 9,400 SF former urgent care medical office building, zoned B4; Built in 1966 on 1.57 acres (Parcel ID: 2849‑001‑002); Includes seven exam rooms with sinks, plus a large 30' x 26' physical therapy room
