Medical Office Space with NNN
For Sale
$1,150,000
2139 NE 2nd Street Unit B, Ocala, FL 34470
Renovated professional building is fully leased and includes central air.
Property Size3,634 SF
Lot Size1.04 Acres
Price / SF$316.46
Days on Market451
Property Features for 2139 NE 2nd Street Unit B
General Information
Standard status
Active
Size
3,634 SF
Lot size
1.04 Acres
Property subtype
Office
Zoning
RO & R-3
Occupancy
100%
Additional Details
Cap Rate
7%
Taxes and HOA fees
Annual Taxes
$9,204
Amenities
Central Air
3
Building Details
Year Built
1986
Year Renovated
2013
Buildings
1
Stories
1
Building Size
3,634 SF
Tenancy
Single
Listing Agency:
AKIN REALTY COMPANY
(352) 804-2446
Listed By:
Fran Dann-Akin · License #544440
Source:
Xome
Added: Jun 6, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:45PM
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 AKIN REALTY COMPANY
Investment Insights
Based on property information with market context.
This 3,634-square-foot medical office building occupies 1.04 acres and was originally built in 1986, with substantial renovations completed in 2013. The property is fully leased to Lifestyle Solutions MedSpa under a new 10-year absolute NNN lease, with annual escalations through 2035 and four additional 5-year extension options. Central air serves the building.
The property is located at 2139 NE 2nd Street Unit B in Ocala, within the 2nd Street Professional Center. Nearby retail, banking, dining, and residential areas provide an established surrounding commercial setting. The property is zoned RO and R-3 in Marion County and carries a 7% cap rate.
The property is located at 2139 NE 2nd Street Unit B in Ocala, within the 2nd Street Professional Center. Nearby retail, banking, dining, and residential areas provide an established surrounding commercial setting. The property is zoned RO and R-3 in Marion County and carries a 7% cap rate.
Key Highlights
- 3,634‑square‑foot medical office building on 1.04 acres
- New 10‑year absolute NNN lease with annual escalations through 2035
- Four additional 5‑year lease extension options
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
$93,975
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
8.17%
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%
$1,879,500
$1.9M
Cap Rate 7%
$1,342,500
$1.3M
Cap Rate 9%
$1,044,167
$1.0M
Market Conditions
NOI Build-Up for 3,634 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
$136.5K $37.56/SF
− Vacancy
−$11.2K −$3.08/SF
EGI
$125.3K $34.48/SF
− OpEx
−$31.3K −$8.62/SF
NOI
$94.0K $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%
$1,879,500
Cap Rate 7%
$1,342,500
Cap Rate 9%
$1,044,167
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.57M
NOI $93,975 @ 7.0% cap · market cap 8.17%
Second Best
Healthcare Medical
$618.9K
$541.5K – $722.0K
NOI $43,322 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$1.98M
$1.74M – $2.32M
NOI $138,911 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34470, FL
20,483
Population
10,121
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
13.4 sq mi
ZIP Area
1,529
Density / Sq Mi
$49,592
Median Household Income
$36,957
Median Earnings
$1,124
Median Rent
$171,500
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?
Medical Office Space - Renovated professional building is fully leased and includes central air.
Where is this medical office space located?
The property is located at 2139 NE 2nd Street Unit B Ocala, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 3,634‑square‑foot medical office building on 1.04 acres; New 10‑year absolute NNN lease with annual escalations through 2035; Four additional 5‑year lease extension options
