Prime Commercial Property on
For Sale
$645,000
420 SE 17TH St, Ocala, FL 34471
Two detached buildings ideal for medical or office use.
Property Size3,877 SF
Lot Size0.37 Acres
Days on Market234
Property Features for 420 SE 17TH St
General Information
Standard status
Active
Size
3,877 SF
Lot size
0.37 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,109
Building Details
Building Size
3,877 SF
Year Built
1943
Stories
1
Listed By:
Martha Hoffman · License #695296
(813) 415-5500
Source:
Elliman
Added: Mar 10
Changed: Oct 26
Last Checked: Oct 28 at 9:11AM
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 Martha Hoffman
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Investment Insights
Based on property information with market context.
This commercial property features two detached, stand-alone buildings with parking and access from both 17th Street and 17th Place. The property is zoned for residential office use and benefits from high visibility with over 17,000 cars passing daily. The buildings contain 16 offices or exam rooms, multiple storage options, 4 full bathrooms, and 2 kitchens. The floor plans are designed to be flexible and accommodate various business operations. The property is suited for a medical practice, insurance company, or other business office operations. It is located across from a Publix, Quest Labs, Long Horn, and Ale House, and was formerly the home of a community medical practice. There is a redevelopment option to construct a 2-story, 5,000 square foot building with ingress from 17th Street and egress through 17th Place. Owner financing is available.
Key Highlights
- Owner financing available.
- High‑visibility location on 17th Street with 17,000+ daily car count.**
- Residential office zoning suitable for various business operations (medical, insurance, etc.).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,219
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,380
$924.4K
Cap Rate 7%
$660,271
$660.3K
Cap Rate 9%
$513,544
$513.5K
Market Conditions
NOI Build-Up for 3,877 SF
Gross rent
$86.1K $22.20/SF
− Vacancy
−$9.0K −$2.33/SF
EGI
$77.0K $19.87/SF
− OpEx
−$30.8K −$7.95/SF
NOI
$46.2K $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%
$924,380
Cap Rate 7%
$660,271
Cap Rate 9%
$513,544
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.67M
NOI $100,259 @ 7.0% cap · market cap 15.54%
Second Best
Healthcare Medical
$660.3K
$577.7K – $770.3K
NOI $46,219 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,199 @ 7.0% cap · market cap 22.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,539
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two detached buildings ideal for medical or office use.
Where is this medical office space located?
The property is located at 420 SE 17TH St Ocala, FL.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Owner financing available.; High‑visibility location on 17th Street with 17,000+ daily car count.**; Residential office zoning suitable for various business operations (medical, insurance, etc.).
