Building Details

Year Renovated 2024

Listing Agency: Beau Broker Real Estate Group Show Phone

Listed By: Beau Broker · License #BK3374764 Show Phone

Source: Moodyscre

Added: Dec 9, 2024 Changed: Oct 25 Last Checked: Oct 28 at 12:16PM

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Investment Insights

Based on property information with market context.

This fully renovated modern office building offers a move-in-ready interior with updated interior and exterior finishes. The property provides a versatile floor plan and is supported by modern infrastructure and technology, designed to accommodate office or medical use. Professional landscaping and updated exterior improvements add to the overall curb appeal.

Located at 2750 SE 17th St in Ocala, FL, the building features ample parking and is positioned for convenient access in the local area. The property’s updated condition, flexible layout, and on-site parking make it well-suited for tenants seeking a ready-to-occupy space.

Key Highlights

• 3,300 SF modern building
• Fully renovated in 2024 with updated interior and exterior
• Versatile floor plan suited for office or medical use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,341

Cap Rate

4.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$786,820 $786.8K

Cap Rate 7%

$562,014 $562.0K

Cap Rate 9%

$437,122 $437.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,300 SF

Gross rent

$73.3K $22.20/SF

− Vacancy

−$7.7K −$2.33/SF

EGI

$65.6K $19.87/SF

− OpEx

−$26.2K −$7.95/SF

NOI

$39.3K $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 Rate 5%

$786,820

Cap Rate 7%

$562,014

Cap Rate 9%

$437,122

Alternative Uses

Best Use

Office B

$1.22M

$1.07M – $1.42M (±1% cap)

NOI $85,338 @ 7.0% cap · market cap 10.04%

Second Best

Healthcare Medical

$562.0K

$491.8K – $655.7K (±1% cap)

NOI $39,341 @ 7.0% cap · market cap 4.63%

Theoretical Best

Office A

$1.80M

$1.58M – $2.10M (±1% cap)

NOI $126,143 @ 7.0% cap · market cap 14.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Scott Matthew Schlauder Physician Reliance Pathology Partners Medical Clinic Dr. Kenneth Wallace Physician Elizabeth Beadles Physician Michael J. Freeman, ... Physician

Suggested Use

Top Pick Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Hair Salon Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

673

Businesses Nearby

Explore this area Business Placement

Demographics for 34471, FL

27,632

Population

12,071

Households

2.3

Avg Household Size

43

Median Age

36%

College-Educated

93%

High-School Grad

19.8 sq mi

ZIP Area

1,396

Density / Sq Mi

$60,283

Median Household Income

$37,565

Median Earnings

$1,225

Median Rent

$292,200

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Fully renovated in 2024 with a versatile floor plan for office or medical use.

Where is this office building located?

The property is located at 2750 SE 17th St 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: 3,300 SF modern building; Fully renovated in 2024 with updated interior and exterior; Versatile floor plan suited for office or medical use