Downtown Office Building with
For Sale
$569,000
44 SE 9TH Terrace, Ocala, FL 34471
COMMERCIAL - OCALA, FL
Property Size2,273 SF
Lot Size0.21 Acres
Price / SF$250.33
Days on Market153
Property Features for 44 SE 9TH Terrace
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RO
Parking features
Underground/Basement
Window features
Window Treatments, Blinds, Drapes
Basement
Crawl Space
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Subdivision
CALDWELLS ADD
Lot features
Central Business District, City Limits, Landscaped, Oversized Lot, Sidewalk, Street Lights, Paved
Directions
At the intersection of E Silver Springs Blvd & SE 8th Ct; Head south on SE 8th Ct. Home will be on left approx .5 miles
Standard status
Active
APN
28383-006-01
Size
2,273 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 17 TWP 15 RGE 22 PLAT BOOK E PAGE 019 CALDWELLS ADD OCALA BROWN & HARRIS SUB BEGIN AT THE SE COR OF LOT 6 PT TH N 00-12-29 W 110.26 FT TO THE POB TH S 89-38-28 W 106.18 FT TH N 00-08-48 W 85.10 FT TH N 89-53-09 E 106.09 FT TH S 00-12-29 E 84.64 F T TO THE POB
Tax Annual Amount
3238
Legal Description
SEC 17 TWP 15 RGE 22 PLAT BOOK E PAGE 019 CALDWELLS ADD OCALA BROWN & HARRIS SUB BEGIN AT THE SE COR OF LOT 6 PT TH N 00-12-29 W 110.26 FT TO THE POB TH S 89-38-28 W 106.18 FT TH N 00-08-48 W 85.10 FT TH N 89-53-09 E 106.09 FT TH S 00-12-29 E 84.64 F T TO THE POB
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Water source
Public
Building Details
Year built
1948
Floors in Building
2
Flooring type
Hardwood, Bamboo
Building materials
HardiPlank Type, Frame
Roof type
Shingle
Additional Structures
Outbuilding
Listing Agency:
GOLDEN OCALA REAL ESTATE INC
(352) 369-6969
Listed By:
Tasha Osbourne · License #3304601
(352) 613-6613
Added: Mar 21
Changed: Aug 19
Last Checked: Aug 20 at 12:06AM
MLS# OM719116
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,273-square-foot office building, constructed in 1948, offers a varied layout suited to professional and medical office functions, creative work, and other uses identified within the RO zoning designation. The interior combines climate-controlled and ventilated areas with a reception space, open work areas, private offices, and an upstairs loft that can serve as additional workspace or an executive office. Hardwood and bamboo flooring add distinct interior finishes, while the property also includes a dishwasher, dryer, microwave, refrigerator, and washer.
Located in downtown Ocala, the property is minutes from major hospitals, the Marion County courthouse, and downtown dining, shopping, and business districts. The site measures 0.21 acres and includes underground/basement parking. Public water and public sewer serve the property, with natural gas available.
Located in downtown Ocala, the property is minutes from major hospitals, the Marion County courthouse, and downtown dining, shopping, and business districts. The site measures 0.21 acres and includes underground/basement parking. Public water and public sewer serve the property, with natural gas available.
Key Highlights
- 2,273‑square‑foot office building on a 0.21‑acre site
- RO (Residential Office) zoning
- Upstairs loft plus reception, 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
$27,097
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
4.76%
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%
$541,940
$541.9K
Cap Rate 7%
$387,100
$387.1K
Cap Rate 9%
$301,078
$301.1K
Market Conditions
NOI Build-Up for 2,273 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
$50.5K $22.20/SF
− Vacancy
−$5.3K −$2.33/SF
EGI
$45.2K $19.87/SF
− OpEx
−$18.1K −$7.95/SF
NOI
$27.1K $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%
$541,940
Cap Rate 7%
$387,100
Cap Rate 9%
$301,078
Alternative Uses
Best Use
Office B
$839.7K
$734.8K – $979.7K
NOI $58,780 @ 7.0% cap · market cap 10.33%
Second Best
Healthcare Medical
$387.1K
$338.7K – $451.6K
NOI $27,097 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,886 @ 7.0% cap · market cap 15.27%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - RO zoning and a flexible interior combine reception, private offices, open workspace, and an upstairs loft.
Where is this office building located?
The property is located at 44 SE 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: 2,273‑square‑foot office building on a 0.21‑acre site; RO (Residential Office) zoning; Upstairs loft plus reception, open workspace, and private offices
