Mixed-Use Live/Work Office
For Sale
$992,000
434 Sw 14th St, Ocala, FL 34470
Main-level executive office space with a private residence above, offering live/work flexibility in a centrally zoned mixed-use setting.
Property Size6,152 SF
Price / SF$161.25
Days on Market103
Property Features for 434 Sw 14th St
General Information
Standard status
Active
Size
6,152 SF
Zoning
B1A
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$9,072
Building Details
Tenancy
Single
Listing Agency:
SOUTHERN ASSOCIATES REALTY LLC
(352) 877-3099
Listed By:
David Moore · License #3304995
(352) 877-3099
Source:
Exprealty
Added: May 13
Changed: Aug 20
Last Checked: Aug 23 at 5:34AM
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 SOUTHERN ASSOCIATES REALTY LLC
Investment Insights
Based on property information with market context.
This mixed-use live/work property combines executive office space on the ground level with a private residence upstairs. The main level includes multiple private offices, a conference area, and reception space designed for professional operations. Above, the residence features five bedrooms and upscale interior finishes, with entertaining and living spaces intended to support a higher-end day-to-day experience. The property is listed with a total approximate size of 6,776 SF and is presented as an owner-user or investor opportunity.
The property is located in Ocala at 434 SW 14th St, described as being in the heart of the city’s professional corridor. It is positioned minutes from downtown Ocala, hospitals, government offices, and major business centers, supporting convenient access for professional tenants and clients. The property is also identified as having mixed-use B1A zoning. An additional vacant lot is available for additional parking, located directly across the street from the office building.
For professional users, the layout supports a range of medical and office-adjacent services, including medical, massage/spa, legal, financial, consulting, wellness, and boutique professional operations. The live/work configuration can appeal to organizations that want an owner or key staff to have an on-site residence while maintaining a dedicated office environment below. Buyers should verify all details, including zoning and any parking-related specifics associated with the adjacent lot.
The property is located in Ocala at 434 SW 14th St, described as being in the heart of the city’s professional corridor. It is positioned minutes from downtown Ocala, hospitals, government offices, and major business centers, supporting convenient access for professional tenants and clients. The property is also identified as having mixed-use B1A zoning. An additional vacant lot is available for additional parking, located directly across the street from the office building.
For professional users, the layout supports a range of medical and office-adjacent services, including medical, massage/spa, legal, financial, consulting, wellness, and boutique professional operations. The live/work configuration can appeal to organizations that want an owner or key staff to have an on-site residence while maintaining a dedicated office environment below. Buyers should verify all details, including zoning and any parking-related specifics associated with the adjacent lot.
Key Highlights
- Mixed‑use live/work property with executive office space on the main level and a private residence upstairs
- Approx. 6,776 SF total with main‑level professional office areas plus an upstairs residence
- B1A zoning (mixed‑use)
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
$77,259
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
7.79%
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%
$1,545,180
$1.5M
Cap Rate 7%
$1,103,700
$1.1M
Cap Rate 9%
$858,433
$858.4K
Market Conditions
NOI Build-Up for 6,152 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
$135.1K $21.96/SF
− Vacancy
−$11.5K −$1.87/SF
EGI
$123.6K $20.09/SF
− OpEx
−$46.4K −$7.54/SF
NOI
$77.3K $12.56/SF
Area
Marion County, FL
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
37.50%
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%
$1,545,180
Cap Rate 7%
$1,103,700
Cap Rate 9%
$858,433
Alternative Uses
Best Use
Office B
$2.27M
$1.99M – $2.65M
NOI $159,091 @ 7.0% cap · market cap 16.04%
Second Best
Mixed Use
$1.10M
$965.7K – $1.29M
NOI $77,259 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$3.36M
$2.94M – $3.92M
NOI $235,162 @ 7.0% cap · market cap 23.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,911
Businesses Nearby
Explore this area
Business Placement
Demographics for 34470, FL
20,483
Population
10,121
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
13.4 sq mi
ZIP Area
1,529
Density / Sq Mi
$49,592
Median Household Income
$36,957
Median Earnings
$1,124
Median Rent
$171,500
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?
Live-work space - Main-level executive office space with a private residence above, offering live/work flexibility in a centrally zoned mixed-use setting.
Where is this live-work space located?
The property is located at 434 Sw 14th St Ocala, FL.
What is the asking price?
The asking price for this property is $992,000.
What are key features of this property?
This property features: Mixed‑use live/work property with executive office space on the main level and a private residence upstairs; Approx. 6,776 SF total with main‑level professional office areas plus an upstairs residence; B1A zoning (mixed‑use)
