Medical Office Complex For
For Sale
$1,195,000
Pending
3120 SW 27TH Ave, Ocala, FL 34471
Three-building medical office complex with leased units and ample parking.
Property Size6,384 SF
Lot Size1.08 Acres
Days on Market156
Property Features for 3120 SW 27TH Ave
General Information
Standard status
Pending
Size
6,384 SF
Lot size
1.08 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$17,708
Building Details
Building Size
6,384 SF
Year Built
1999
Stories
1
Units
3
Listing Agency:
BILL RODGERS REALTY
(352) 362-1225
Listed By:
Patricia Schenker · License #3047977
(352) 362-1225
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 12:05PM
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 BILL RODGERS REALTY
Investment Insights
Based on property information with market context.
This offering features a three-building medical office complex. Currently, two units are leased, with one building available. Each building is designed with a waiting room, an administrative/reception area, four exam rooms, a procedure room, a consultation office, three bathrooms, and nurse's work areas. Ample parking is available. The property is located in Ocala, FL.
Key Highlights
- Medical office complex featuring 3 buildings.
- Two units are currently leased, providing immediate income.
- Each building is well‑equipped with 4 exam rooms, a procedure room, and a consult office.
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
$76,106
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
6.37%
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%
$1,522,120
$1.5M
Cap Rate 7%
$1,087,229
$1.1M
Cap Rate 9%
$845,622
$845.6K
Market Conditions
NOI Build-Up for 6,384 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
$141.7K $22.20/SF
− Vacancy
−$14.9K −$2.33/SF
EGI
$126.8K $19.87/SF
− OpEx
−$50.7K −$7.95/SF
NOI
$76.1K $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%
$1,522,120
Cap Rate 7%
$1,087,229
Cap Rate 9%
$845,622
Alternative Uses
Best Use
Office B
$2.36M
$2.06M – $2.75M
NOI $165,091 @ 7.0% cap · market cap 13.82%
Second Best
Healthcare Medical
$1.09M
$951.3K – $1.27M
NOI $76,106 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$3.49M
$3.05M – $4.07M
NOI $244,030 @ 7.0% cap · market cap 20.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,628
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.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Three-building medical office complex with leased units and ample parking.
Where is this medical office space located?
The property is located at 3120 SW 27TH Ave Ocala, FL.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Medical office complex featuring 3 buildings.; Two units are currently leased, providing immediate income.; Each building is well‑equipped with 4 exam rooms, a procedure room, and a consult office.
