18 SE 14TH, Ocala, FL 34471

Building Details

Building Size 1,200 SF More

Year Built 1938 More

Listing Agency: All Florida Homes Realty

Listed By: Nichole Roberts · License FL #3145616 Show Phone

Source: Elliman

Added: Sep 22 Changed: Nov 6 Last Checked: Nov 12 at 9:04AM

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Investment Insights

Based on property information with market context.

This historic office property combines the character of a 1938 building with recent updates, including a roof replacement completed in 2025 and a full bathroom with shower. The interior is arranged across four individual rooms, with natural light and adaptable workspace suited to office, creative, and small-business operations. B-2 commercial zoning supports its established commercial use.

Located at 18 SE 14TH in Ocala, the property sits just off Fort King Street and within walking distance of downtown restaurants, shops, entertainment, and other amenities. Walk Score is 78, indicating a very walkable setting, while Bike Score is 61 and Transit Score is 33. The property is currently fully leased.

Key Highlights

• Four individual office rooms with natural light
• Roof replacement completed in 2025
• Full bathroom with shower

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,032

Cap Rate

7.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$620,640 $620.6K

Cap Rate 7%

$443,314 $443.3K

Cap Rate 9%

$344,800 $344.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$45.1K $37.56/SF

− Vacancy

−$3.7K −$3.08/SF

EGI

$41.4K $34.48/SF

− OpEx

−$10.3K −$8.62/SF

NOI

$31.0K $25.86/SF

Area

Marion County, FL

Vacancy

8.20%

Lease Rate

$37.56 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$620,640

Cap Rate 7%

$443,314

Cap Rate 9%

$344,800

Alternative Uses

Best Use

Office B

$443.3K

$387.9K – $517.2K (±1% cap)

NOI $31,032 @ 7.0% cap · market cap 7.78%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$655.3K

$573.4K – $764.5K (±1% cap)

NOI $45,870 @ 7.0% cap · market cap 11.50%

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

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Real Estate Agency Auto Repair Shop Big Box & Wholesale Store Restaurant Hair Salon

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

481

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

Average Price Trend$/SF for Office buildings in Ocala, FL

$227 Jul

$237 Aug

$261 Sep

$274 Oct

Properties on Market for Office buildings in Ocala

Jul

Aug

Sep

Oct

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 - Updated office property with flexible rooms, a full bathroom, and current full occupancy.

Where is this office building located?

The property is located at 18 SE 14TH Ocala, FL.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Four individual office rooms with natural light; Roof replacement completed in 2025; Full bathroom with shower