Downtown Mixed-Use Property with
For Sale
$569,000
44 9TH TERRACE, Ocala, FL 34471
RO-zoned building combines reception, open workspace, private offices, and adaptable indoor-outdoor areas.
Property Size2,303 SF
Price / SF$247.07
Days on Market162
Property Features for 44 9TH TERRACE
General Information
Standard status
Active
Size
2,303 SF
Property subtype
Mixed Use
Zoning
RO
Taxes and HOA fees
Annual Taxes
$3,238
Amenities
3
Paved Driveway.
Central Business District, Oversized Lot, City Road, Other Road Type, Paved Road.
Building Details
Year Built
1948
Buildings
1
Stories
2
Listing Agency:
GOLDEN OCALA REAL ESTATE INC
(352) 369-6969
Listed By:
Tasha Osbourne · License #3304601
Source:
Xome
Added: Mar 16
Changed: Aug 24
Last Checked: Aug 24 at 3:31AM
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 GOLDEN OCALA REAL ESTATE INC
Investment Insights
Based on property information with market context.
Located at 44 9TH TERRACE in Ocala, this 2,303-square-foot mixed-use property dates to 1948 and is zoned RO (Residential Office). The building includes a reception area, open workspace, private offices, and an upstairs loft that can function as additional office, studio, or executive space. Climate-controlled and ventilated areas provide different environmental settings within the property, while architectural details and indoor-outdoor elements distinguish the layout from a conventional office configuration.
The property is situated in Ocala’s Central Business District, minutes from major hospitals, the Marion County courthouse, and downtown dining, shopping, and business districts. Exterior features include a paved driveway, paved road access, city road frontage, and an oversized lot. The stated use possibilities include medical office, professional services, boutique business, creative studio, and mixed-use workspace.
The property is situated in Ocala’s Central Business District, minutes from major hospitals, the Marion County courthouse, and downtown dining, shopping, and business districts. Exterior features include a paved driveway, paved road access, city road frontage, and an oversized lot. The stated use possibilities include medical office, professional services, boutique business, creative studio, and mixed-use workspace.
Key Highlights
- 2,303 SF mixed‑use property at 44 9TH TERRACE, Ocala, FL 34471
- RO (Residential Office) zoning
- Reception area, open workspace, and private offices
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
$28,922
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
5.08%
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%
$578,440
$578.4K
Cap Rate 7%
$413,171
$413.2K
Cap Rate 9%
$321,356
$321.4K
Market Conditions
NOI Build-Up for 2,303 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
$50.6K $21.96/SF
− Vacancy
−$4.3K −$1.87/SF
EGI
$46.3K $20.09/SF
− OpEx
−$17.4K −$7.54/SF
NOI
$28.9K $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%
$578,440
Cap Rate 7%
$413,171
Cap Rate 9%
$321,356
Alternative Uses
Best Use
Office B
$850.8K
$744.5K – $992.6K
NOI $59,556 @ 7.0% cap · market cap 10.47%
Second Best
Mixed Use
$413.2K
$361.5K – $482.0K
NOI $28,922 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,033 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,080
Businesses Nearby
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?
Mixed-use property - RO-zoned building combines reception, open workspace, private offices, and adaptable indoor-outdoor areas.
Where is this mixed-use property located?
The property is located at 44 9TH TERRACE Ocala, FL.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 2,303 SF mixed‑use property at 44 9TH TERRACE, Ocala, FL 34471; RO (Residential Office) zoning; Reception area, open workspace, and private offices
