Medical Office Building with
For Sale
Contact for pricing
433 Southwest 10th Street, Ocala, FL 34471
Flexible medical office building can be used as one suite or demised, with an on-site billboard for advertising use.
Property Size17,856 SF
Price / SF$212.81
Days on Market64
Property Features for 433 Southwest 10th Street
General Information
Standard status
Active
Size
17,856 SF
Class
B
Property subtype
Office
Zoning
B4
Investment Type
Value Add
Building Details
Year Built
1963
Listing Agency:
Wisdom Capital Group
Listed By:
Brady Wisdom · License #SL3588056
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 10 at 8:26AM
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 Wisdom Capital Group
Investment Insights
Based on property information with market context.
433 SW 10th Street is a ±17,856 square foot medical office building designed to support a range of healthcare users. The property offers flexibility for either a single larger user or a multi-suite configuration, making it workable for practices that need dedicated space and for operators evaluating a suite-based approach. In addition, the building includes an on-site billboard that can be used for third-party advertising or for owner use.
The property is positioned in the heart of Ocala’s established healthcare corridor, within walking distance of both AdventHealth Ocala and HCA Florida Ocala Hospital. This proximity supports day-to-day convenience for staff and patients and places the building among established healthcare destinations.
For healthcare providers and owner-users, the building’s adaptable layout supports different practice footprints while keeping the asset oriented to medical use. For investors, the ability to house a single tenant or demises into multiple suites can help align the property with varying tenant requirements. The on-site billboard also provides an additional revenue stream opportunity through advertising or owner utilization, complementing the property’s medical-focused setting.
The property is positioned in the heart of Ocala’s established healthcare corridor, within walking distance of both AdventHealth Ocala and HCA Florida Ocala Hospital. This proximity supports day-to-day convenience for staff and patients and places the building among established healthcare destinations.
For healthcare providers and owner-users, the building’s adaptable layout supports different practice footprints while keeping the asset oriented to medical use. For investors, the ability to house a single tenant or demises into multiple suites can help align the property with varying tenant requirements. The on-site billboard also provides an additional revenue stream opportunity through advertising or owner utilization, complementing the property’s medical-focused setting.
Key Highlights
- 17,856 SF medical office building built in 1963 in Ocala’s established healthcare corridor
- Flexible layout: can be used as one large user or demised into multiple suites
- Walking distance to both AdventHealth Ocala and HCA Florida Ocala Hospital
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
$212,869
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
5.60%
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%
$4,257,380
$4.3M
Cap Rate 7%
$3,040,986
$3.0M
Cap Rate 9%
$2,365,211
$2.4M
Market Conditions
NOI Build-Up for 17,856 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
$396.4K $22.20/SF
− Vacancy
−$41.6K −$2.33/SF
EGI
$354.8K $19.87/SF
− OpEx
−$141.9K −$7.95/SF
NOI
$212.9K $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%
$4,257,380
Cap Rate 7%
$3,040,986
Cap Rate 9%
$2,365,211
Alternative Uses
Best Use
Office B
$6.60M
$5.77M – $7.70M
NOI $461,757 @ 7.0% cap · market cap 12.15%
Second Best
Healthcare Medical
$3.04M
$2.66M – $3.55M
NOI $212,869 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$9.75M
$8.53M – $11.38M
NOI $682,551 @ 7.0% cap · market cap 17.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,903
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible medical office building can be used as one suite or demised, with an on-site billboard for advertising use.
Where is this medical office space located?
The property is located at 433 Southwest 10th Street Ocala, FL.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 17,856 SF medical office building built in 1963 in Ocala’s established healthcare corridor; Flexible layout: can be used as one large user or demised into multiple suites; Walking distance to both AdventHealth Ocala and HCA Florida Ocala Hospital
