Historic Office
New
For Sale
$369,900
18 SE 14TH Avenue, Ocala, FL 34471
Commercial Sale, OCALA, FL
Property Size1,200 SF
Lot Size0.14 Acres
Price / SF$308.25
Days on Market2
Property Features for 18 SE 14TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Basement
Crawl Space
Subdivision
FORT KING HEIGHTS
Directions
HEAD EAST ON FORT KING STREET, LEFT ONTO SE 14TH AVE, THE BUILDING WILL BE ON THE LEFT SIDE.
Standard status
Active
APN
2839-002-000
Size
1,200 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 17 TWP 15 RGE 22 PLAT BOOK A PAGE 172 FORT KING HEIGHTS N 1/2 OF LOTS 1.2
Tax Annual Amount
1878
Legal Description
SEC 17 TWP 15 RGE 22 PLAT BOOK A PAGE 172 FORT KING HEIGHTS N 1/2 OF LOTS 1.2
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1938
Floors in Building
1
Building materials
Stone, Frame, Wood Siding
Roof type
Shingle
Listing Agency:
ALL FLORIDA HOMES REALTY LLC
(352) 789-5083
Listed By:
Nichole Roberts · License #3145616
(352) 239-2485
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 22 at 4:06AM
MLS# OM732654
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1938, this 1,200-square-foot office property offers four individual rooms within a historic commercial structure. The building includes a full bathroom with shower, central air, natural gas heating, public water and sewer, and a shingle roof that was replaced in 2025. Stone, frame, and wood siding contribute to the property's established character. B2 zoning supports its commercial classification, and the space is currently fully leased.
The property is located just off Fort King Street in Ocala, within walking distance of downtown restaurants, shops, entertainment, and other amenities. Its 0.14-acre site provides a compact setting for an office asset with an existing occupancy profile and a flexible room layout.
The property is located just off Fort King Street in Ocala, within walking distance of downtown restaurants, shops, entertainment, and other amenities. Its 0.14-acre site provides a compact setting for an office asset with an existing occupancy profile and a flexible room layout.
Key Highlights
- 1,200‑square‑foot office building on a 0.14‑acre site
- Four individual rooms with a full bathroom and shower
- Reroofed in 2025 with a shingle roof
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
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,128
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Four-room commercial property with a 2025 reroof, full bathroom, and B2 zoning near downtown Ocala.
Where is this office building located?
The property is located at 18 SE 14TH Avenue 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: 1,200‑square‑foot office building on a 0.14‑acre site; Four individual rooms with a full bathroom and shower; Reroofed in 2025 with a shingle roof
