Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1623 SW 1st Ave Ocala, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4,880 sq ft medical office near two hospitals.

    Type:OFFICE
    Property size:
    4,880 SF
    Lot size:
    0.96 Acres
    Added:
    Aug 18, 2025
    Days on Market:
    256
    Last Refresh:
    Apr 5 at 11:29 pm

    Property Features for 1623 SW 1st Ave

    General Information

    Standard status
    Active
    Size
    4,880 SF
    Lot size
    0.96 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1623 SW 1st Ave Contact us

    We can help!

    Listing Contact
    Erin Freel
    Erin Freel

    Listing agent Erin Freel License #3431257

    Listing office Boyd Real Estate Group

    Listing date Aug 18, 2025

    Source Moodyscre

    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 Boyd Real Estate Group

    Overview

    Ocala Medical Office Suite

    This 4,880 square foot medical office suite is located in central Ocala, a short walk from HCA Florida and AdventHealth hospitals. The facility includes 12 exam rooms, private physician offices, and a lobby. An upstairs break area features a full kitchen. Patient parking is available at the front of the property, with dedicated employee parking in the rear. The property is suited for a busy practice.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mohan Thomas R Physician Dr. Michael G. ... Pediatrician Marques Sharon S Medical Clinic Andrea M. Camp-Parker, ... Physician Richa Desai Association Or Organization

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Ocala Veterinary Hospital — 316 SE 12th St, Ocala, FL 34471
    • Midtown Animal Clinic — 121 SW 8th St, Ocala, FL 34471
    • Brick City Cat Hospital — 702 S Magnolia Ave, Ocala, FL 34471
    • US Equine Direct Inc — Ocala, FL 34477
    • Molstad Meriam DVM — 702 S Magnolia Ave, Ocala, FL 34471

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.1374
    Latitude
    29.1726

    Nearby Similar for Lease

    • $18 SF/Yr

      Versatile Warehouse & Office Space

      Commercial property with warehouse and office space for lease.
      943 NW 17TH AVENUE, OCALA, FL 34475
      View Details
    • $8,000/Mo

      Downtown Ocala Historic Office Suite

      Move-in ready office suite in downtown Ocala's iconic building.
      18 S MAGNOLIA AVENUE, OCALA, FL 34471
      View Details
    • $12 SF/Yr

      Ocala Flex Warehouse Unit

      New flex warehouse unit with office space for lease.
      2500 NW 6TH STREET, OCALA, FL 34475
      View Details
    • $17 SF/Yr

      Downtown Ocala Commercial Space Available

      6,110 SF commercial space with parking near Downtown Ocala.
      304 S MAGNOLIA AVENUE, OCALA, FL 34471
      View Details
    • $19 SF/Yr

      Ocala Surgery Center Office Space

      Two-story office space available for lease in Ocala, Florida.
      3201 SW 34TH STREET, OCALA, FL 34474
      View Details
    • $1,800/Mo

      Furnished Office Suite in Ocala

      Functional and flexible 1500 sq ft office space for rent.
      2226 E SILVER SPRINGS BOULEVARD, OCALA, FL 34470
      View Details
    • $5,000/Mo

      Ocala Medical Office Space

      Medical office space in Deerwood Office Park near hospitals.
      1630 SE 18TH STREET, OCALA, FL 34471
      View Details
    • $795/Mo

      Ocala Office Space For Lease

      Office spaces for lease in Ocala, Florida.
      1740 SE 18TH STREET, OCALA, FL 34471
      View Details
    • $1,995/Mo

      Ocala Flex Space Available

      Flex space suitable for trades, storage, or e-commerce operations.
      1302 NW 10TH STREET, OCALA, FL 34475
      View Details
    • $30 SF/Yr

      Historic Downtown Ocala Office Space

      Classic office space in Ocala's historic Marion Block Building.
      44 SE 1ST AVENUE, OCALA, FL 34471
      View Details
    • $45 SF/Yr

      New Retail Center Under Construction

      New retail center with high visibility in a growing area.
      3235 SE MARICAMP ROAD, OCALA, FL 34471
      View Details
    • $3,300/Mo

      Move-in Ready Ocala Office Suite

      Spacious, versatile office suite near downtown Ocala, move-in ready.
      2910 SE 3RD COURT, OCALA, FL 34471
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 4,880 sq ft medical office near two hospitals.
    Where is this medical office space located?
    The property is located at 1623 SW 1st Ave Ocala, FL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Premier 4,880 sq. ft. medical office suite in central Ocala.; Located near HCA Florida and AdventHealth hospitals.; Features **12 exam rooms, private physician offices, and a welcoming lobby.**
    (352) 861-2248 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Erin Freel
    Erin Freel
    Real Estate License ID: 3431257
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!