Ocala Office Space
For Sale
$675,000
2750 SE 17th Street, Ocala, FL 34471
Office space for sale in the heart of Ocala.
Property Size3,296 SF
Lot Size1.27 Acres
Price / SF$204.79
Days on Market226
Property Features for 2750 SE 17th Street
General Information
Standard status
Active
Size
3,296 SF
Lot size
1.27 Acres
Property subtype
Commercial
Building Details
Year Built
1979
Listing Agency:
ROBERTS REAL ESTATE INC
(352) 816-7026
Listed By:
John Roberts · License #15921
Source:
Realtygroupfl
Added: Jan 10
Changed: Aug 23
Last Checked: Aug 24 at 6:58AM
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 property offers an opportunity for businesses with approximately 3,278 square feet of office space situated on approximately 1.27 acres. Zoned O1 (Office), the current building is positioned on the parcel with potential for growth and expansion. The existing layout is designed with a waiting room and receptionist area upon entry, leading to treatment rooms and offices. The space includes 10 treatment rooms or offices, with 8 of them equipped with plumbing and sinks. Additional features include 2 bathrooms, storage areas, work areas, and a break room. The current use is medical, but the property could be used for other office purposes. The current tenant is on a month-to-month basis and will vacate prior to the sale. The property has a bike score of 30, indicating it is somewhat bikeable, a walk score of 27, indicating it is car-dependent, and a transit score of 21, indicating minimal transit options.
Key Highlights
- Located in the heart of SE Ocala with Office (O1) zoning, ideal for various office purposes.
- Substantial 3,278 +/- SF office space on a large 1.27 +/- acre parcel.
- Significant potential for future growth and expansion due to ample acreage.
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Balanced
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.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Office space for sale in the heart of Ocala.
Where is this medical office space located?
The property is located at 2750 SE 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: Located in the heart of SE Ocala with Office (O1) zoning, ideal for various office purposes.; Substantial 3,278 +/- SF office space on a large 1.27 +/- acre parcel.; Significant potential for future growth and expansion due to ample acreage.
