Mixed-Use Property with SR-40
3318 East Silver Springs Boulevard Ocala, FL 34470
3318 East Silver Springs Boulevard, Ocala, FL, 34470
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For Sale
Contact for pricing
For-sale mixed-use property on SR-40 offering frontage and multiple access points for flexible redevelopment.
Property Size17,700 SF
Price / SF$155.37
Days on Market83
Property Features for 3318 East Silver Springs Boulevard
General Information
- Standard status
- Active
- Size
- 17,700 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1971
Listing agency
International Property Services Corp.
Listed by
Todd Rudnianyn · License #FL SL3209536
Source
Crexi
Added: May 2 Updated: Jul 22 at 4:44PM Checked: Jul 22 at 4:44PM
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 International Property Services Corp.
Investment Insights
Based on property information with market context.
3318 E Silver Springs Boulevard is a mixed-use commercial property with existing improvements designed to support adaptive reuse. The site is positioned as an adaptable asset for uses such as entertainment, retail, medical, or specialty commercial, with a parcel layout that emphasizes frontage and access.
The property has frontage and strong visibility along SR-40 and includes multiple access points for convenient ingress and egress. This configuration supports both continued use and redevelopment considerations for investors and owner-users looking to reposition the asset for higher and better use within an established retail corridor.
The offering includes a property size of 17,700 square feet.
The property has frontage and strong visibility along SR-40 and includes multiple access points for convenient ingress and egress. This configuration supports both continued use and redevelopment considerations for investors and owner-users looking to reposition the asset for higher and better use within an established retail corridor.
The offering includes a property size of 17,700 square feet.
Key Highlights
- Built in 1971 mixed‑use property on SR‑40 in a heavily traveled commercial corridor in Ocala
- Strong visibility along SR‑40 with frontage on a major retail roadway
- Multiple access points for flexible site access and operations
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $388.7k | $21.96 |
| − Vacancy | −$33.0k | −$1.87 |
| EGI | $355.7k | $20.09 |
| − OpEx | −$133.4k | −$7.54 |
| NOI | $222.3k | $12.56 |
17,700 SF · lease $21.96/SF/yr · vacancy 8.50% · expense 37.50%
Alternative Uses
Best Use
Office B
$6.54M
$5.72M – $7.63M
NOI $457,723 @ 7.0% cap · market cap 16.64%
Second Best
Retail
$6.36M
$5.56M – $7.42M
NOI $445,179 @ 7.0% cap · market cap 16.19%
Theoretical Best
Office A
$9.67M
$8.46M – $11.28M
NOI $676,587 @ 7.0% cap · market cap 24.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Empower Worship Center
Church
___
Church
Kingdom Revival Church
Church
Avalon Christian Academy
High School
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - For-sale mixed-use property on SR-40 offering frontage and multiple access points for flexible redevelopment.
Where is this mixed-use property located?
The property is located at 3318 East Silver Springs Boulevard Ocala, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Built in 1971 mixed‑use property on SR‑40 in a heavily traveled commercial corridor in Ocala; Strong visibility along SR‑40 with frontage on a major retail roadway; Multiple access points for flexible site access and operations
