Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Well-Maintained Office Building For Sale Title is generated by Realmo AI

    1720 N Ohio Ave, Live Oak, FL 32064

    View on Map
    Claim this Listing
    For Sale
    $800,000

    Brick office building with ample parking in a prime location.

    Type:Commercial/Industrial
    Property size:
    3,960 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $202/SF
    Added:
    Feb 4, 2025
    Days on Market:
    479
    Last Refresh:
    May 27 at 6:53 pm

    Property Features for 1720 N Ohio Ave

    General Information

    Standard status
    Active
    Size
    3,960 SF
    Lot size
    1.00 Acre
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2006

    We can help!

    Listing Contact
    Vicki Prickitt
    Vicki Prickitt

    Listing agent Vicki Prickitt License #401563

    Listing office POOLE REALTY INC.

    Listing date Feb 4, 2025

    Source Exitrealty

    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 POOLE REALTY INC.

    HighLights

    • Prime location with high visibility on US Hwy 129/Ohio Ave and easy access.
    • Large 3,960 sqft brick office building with 13 individual offices.
    • Close proximity to Lowes, Publix, Urgent Care, and I‑10.
    • Spacious conference/training room, waiting room with reception area, and full kitchen.
    • Four‑car garage (1,000 sqft) plumbed for potential conversion to usable space.
    • Located on just over an acre with ample parking.

    Overview

    This well-maintained brick office building offers approximately 3,960 square feet of space. The layout includes 13 large individual offices, a spacious conference or training room, a waiting room with a reception area, and a full kitchen. A four-car garage is also included, with the 1,000 square foot garage plumbed for potential conversion into additional usable space. The property is situated on just over an acre and provides ample parking. The location offers high visibility directly on US Hwy 129 or Ohio Ave, with easy access. The property is located in a fast-growing area of town, near Lowes, Publix, and Urgent Care, and close to I-10.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Live Oak
    County
    Suwannee
    State
    Florida
    Longitude
    -82.987775
    Latitude
    30.276911

    Nearby Similar for Sale

    • $985,000
      7,682 SF

      Established Automotive Repair Business Opportunity

      Turn-key automotive repair business with spray booth in Live Oak.
      13508 HWY 90, Live Oak, FL 32060
      View Details
    • $800,000
      3,960 SF

      Live Oak Commercial Office Building

      Well-maintained office building with ample parking in a prime location.
      1720 N OHIO AVE, Live Oak, FL 32064
      View Details
    • $589,000
      1,456 SF

      Downtown Live Oak Commercial Building

      Commercial building in downtown Live Oak with private parking.
      319 SE HOWARD ST, Live Oak, FL 32064
      View Details
    • $499,900
      8,793 SF

      Historic Building in Live Oak

      Unique commercial property with endless possibilities in Live Oak.
      400 OHIO AVE, Live Oak, FL 32064
      View Details
    • $475,000

      Commercial Building with Storage Units

      Commercial building with self-storage units and retail space.
      12776 Railroad Street, Live Oak, FL 32060, FL 32060
      View Details
    • $395,000
      2,436 SF

      Mixed-Use Property in Downtown Live Oak

      Unique mixed-use property with residential and commercial spaces in Live Oak.
      527 OHIO AVE S, Live Oak, FL 32064
      View Details
    • $275,000
      1,450 SF

      Live Oak Commercial Corner Property

      Commercial property in Live Oak, Florida, currently an auto repair shop.
      409 VAN BUREN ST, Live Oak, FL 32064
      View Details
    • $840,000

      120 Acres Farmland with Irrigation

      Farmland with irrigation system in central Suwannee County.
      000 140TH ST., Live Oak, FL 32060
      View Details
    • $399,900
      6,727 SF

      Downtown Commercial Building with Potential

      Two-story commercial building in downtown Live Oak with endless potential.
      109 N Ohio Ave, Live Oak, FL 32064
      View Details
    • $135,000

      Live Oak Agricultural Acreage

      15 acres of planted pines near Live Oak, Florida.
      00 00 144TH STREET, Live Oak, FL 32060
      View Details
    • $350,000

      Turnkey Restaurant in Live Oak

      Ready-to-go restaurant with equipment included, high-traffic location.
      111 W HOWARD St, Live Oak, FL 32060
      View Details
    • $299,000

      5-Acre Mobile Home Park

      Investment opportunity: four mobile home rental units near Live Oak, FL.
      13555 78th St, Live Oak, FL 32060
      View Details

    FAQs

    What type of property is this?
    Office building - Brick office building with ample parking in a prime location.
    Where is this office building located?
    The property is located at 1720 N Ohio Ave Live Oak, FL.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Prime location with high visibility on US Hwy 129/Ohio Ave and easy access.; Large 3,960 sqft brick office building with 13 individual offices.; Close proximity to Lowes, Publix, Urgent Care, and I‑10.
    (386) 590-1402
    We can help!
    Listing Contact
    Vicki Prickitt
    Vicki Prickitt
    Real Estate License ID: 401563
    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

    Thank You for Inquiry
    1720 N Ohio Ave, Live Oak, FL 32064
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!