Historic Four-Room Office
New
For Sale
$369,900
18 SE 14TH, Ocala, FL 34471
Updated office property with flexible rooms, a full bathroom, and current full occupancy.
Property Size1,200 SF
Days on Market6
Property Features for 18 SE 14TH
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,878
Building Details
Building Size
1,200 SF
Year Built
1938
Listing Agency:
All Florida Homes Realty
Listed By:
Nichole Roberts · License #3145616
(352) 239-2485
Source:
Elliman
Added: Sep 22
Changed: Sep 23
Last Checked: Sep 26 at 9:53AM
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 All Florida Homes Realty
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,032
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$620,640
$620.6K
Cap Rate 7%
$443,314
$443.3K
Cap Rate 9%
$344,800
$344.8K
Market Conditions
NOI Build-Up for 1,200 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $31,032 @ 7.0% cap · market cap 8.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$655.3K
$573.4K – $764.5K
NOI $45,870 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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 $369,900.
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
