3120 SW 27TH Ave, Ocala, FL 34471

Building Details

Building Size 6,384 SF More

Year Built 1999 More

Stories 1 More

Units 3 More

Listing Agency: BILL RODGERS REALTY

Listed By: Patricia Schenker · License FL #3048567 Show Phone

Source: Elliman

Added: Mar 10 Changed: Aug 8 Last Checked: Aug 8 at 12:05PM

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Review the available facts, identify missing information and prepare questions for the agent.

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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 / Yr

$76,106

Cap Rate

6.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,522,120 $1.5M

Cap Rate 7%

$1,087,229 $1.1M

Cap Rate 9%

$845,622 $845.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,384 SF

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 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 (±1% cap)

NOI $165,091 @ 7.0% cap · market cap 13.82%

Second Best

Healthcare Medical

$1.09M

$951.3K – $1.27M (±1% cap)

NOI $76,106 @ 7.0% cap · market cap 6.37%

Theoretical Best

Office A

$3.49M

$3.05M – $4.07M (±1% cap)

NOI $244,030 @ 7.0% cap · market cap 20.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

MD-Comprehensive Pain Management Physician New Maple Asian ... Alternative Medicine Practice A to Z Healthcare Medical Clinic Red Leaf Spa Alternative Medicine Practice Red Leaf Spa ... Alternative Medicine Practice

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Auto Repair Shop Building Supply Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,390

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

Average Price Trend$/SF for Medical Office Space in Marion County, FL

$191 Jul

$208 Aug

$185 Sep

$117 Oct

Properties on Market for Medical Office Space in Marion County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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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.