Medical Office Property with Treatment
For Sale
$675,000
2750 17TH STREET, Ocala, FL 34471
O1-zoned office property with a medical layout, multiple plumbed rooms, central air, and room for future expansion.
Property Size3,296 SF
Lot Size1.27 Acres
Price / SF$204.79
Days on Market237
Property Features for 2750 17TH STREET
General Information
Standard status
Active
Size
3,296 SF
Lot size
1.27 Acres
Property subtype
Office
Zoning
O1
Taxes and HOA fees
Annual Taxes
$9,418
Amenities
Central Air
3
Lot with Trees.
Paved Driveway.
Security Lighting. Interior Lot, Oversized Lot, City Road, Easement, Paved Road, Interior lot, Wooded.
Building Details
Year Built
1979
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
ROBERTS REAL ESTATE INC
(352) 351-0011
Listed By:
John Roberts · License #3329338
Source:
Xome
Added: Jan 7
Changed: Aug 31
Last Checked: Aug 31 at 1:05PM
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 ROBERTS REAL ESTATE INC
Investment Insights
Based on property information with market context.
This medical office property at 2750 17th Street in Ocala occupies 1.27 +/- acres and includes a building constructed in 1979. The interior is arranged around a waiting and reception area, with 10 treatment rooms or offices, 8 equipped with plumbing and sinks. Additional features include 2 bathrooms, storage, work areas, a break room, and central air. The property is zoned Office (O1), and the existing month-to-month tenant is expected to vacate before closing.
Exterior improvements include a paved driveway and security lighting. The parcel includes wooded areas and sits along a paved city road with an easement and interior-lot characteristics. Its acreage provides space beyond the existing building for potential expansion, subject to applicable approvals.
Exterior improvements include a paved driveway and security lighting. The parcel includes wooded areas and sits along a paved city road with an easement and interior-lot characteristics. Its acreage provides space beyond the existing building for potential expansion, subject to applicable approvals.
Key Highlights
- 1.27 +/- acres with an existing medical office building
- 10 treatment rooms/offices, including 8 with plumbing and sinks
- 2 bathrooms, storage, work areas, and a break room
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
$39,293
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
5.82%
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%
$785,860
$785.9K
Cap Rate 7%
$561,329
$561.3K
Cap Rate 9%
$436,589
$436.6K
Market Conditions
NOI Build-Up for 3,296 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
$73.2K $22.20/SF
− Vacancy
−$7.7K −$2.33/SF
EGI
$65.5K $19.87/SF
− OpEx
−$26.2K −$7.95/SF
NOI
$39.3K $11.92/SF
Area
Marion County, FL
Vacancy
10.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
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%
$785,860
Cap Rate 7%
$561,329
Cap Rate 9%
$436,589
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.42M
NOI $85,235 @ 7.0% cap · market cap 12.63%
Second Best
Healthcare Medical
$561.3K
$491.2K – $654.9K
NOI $39,293 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,991 @ 7.0% cap · market cap 18.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - O1-zoned office property with a medical layout, multiple plumbed rooms, central air, and room for future expansion.
Where is this medical office space located?
The property is located at 2750 17TH STREET Ocala, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1.27 +/- acres with an existing medical office building; 10 treatment rooms/offices, including 8 with plumbing and sinks; 2 bathrooms, storage, work areas, and a break room
