Renovated Single-Unit Office
For Sale
$299,900
527 Ne 8th Ave, Ocala, FL 34470
Renovated 1922 office building with updated HVAC, roof, interior finishes, and a kitchenette on a 0.36-acre lot.
Property Size1,054 SF
Lot Size0.36 Acres
Price / SF$284.54
Days on Market54
Property Features for 527 Ne 8th Ave
General Information
Standard status
Active
Size
1,054 SF
Lot size
0.36 Acres
Zoning
RO
Additional Details
Highway Access
Yes
Office Units
1
Amenities
new roof
new HVAC
updated hardwood flooring
lighting
kitchenette
bathroom finishes
sidewalks
landscaping
fresh interior/exterior paint
Building Details
Year Built
1922
Year Renovated
2025
Tenancy
Single
Listing Agency:
ROBB HARRISON REALTY INC
(513) 442-9083
Listed By:
Robb Harrison · License #3380769
(513) 442-9083
Source:
Exprealty
Added: Jun 7
Changed: Jul 25
Last Checked: Jul 30 at 2:49PM
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 ROBB HARRISON REALTY INC
Investment Insights
Based on property information with market context.
This renovated single-unit office building was originally built in 1922 and updated in 2025. Improvements include a new roof and new HVAC, along with updated hardwood flooring, lighting, kitchenette, and bathroom finishes. The property also features fresh interior and exterior paint, new sidewalks, and landscaping for refreshed curb appeal.
Zoned RO, the building offers single-unit use and convenient access just north of Silver Springs Boulevard, near downtown Ocala, US-441, and I-75.
Set on a 0.36-acre lot, the property is positioned for professional office occupancy with a layout supported by modern building systems and recently updated finishes.
Zoned RO, the building offers single-unit use and convenient access just north of Silver Springs Boulevard, near downtown Ocala, US-441, and I-75.
Set on a 0.36-acre lot, the property is positioned for professional office occupancy with a layout supported by modern building systems and recently updated finishes.
Key Highlights
- Renovated office building built in 1922, renovated in 2025, on a 0.36‑acre lot in Ocala
- New roof and new HVAC (2025) plus updated hardwood flooring, lighting, and fresh interior/exterior paint
- Updated kitchenette and bathroom finishes with refreshed interior upgrades throughout
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.6k | $37.56 |
| − Vacancy | −$3.2k | −$3.08 |
| EGI | $36.3k | $34.48 |
| − OpEx | −$9.1k | −$8.62 |
| NOI | $27.3k | $25.86 |
1,054 SF · lease $37.56/SF/yr · vacancy 8.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$389.4K
$340.7K – $454.3K
NOI $27,257 @ 7.0% cap · market cap 9.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$575.6K
$503.6K – $671.5K
NOI $40,289 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
770
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?
Office building - Renovated 1922 office building with updated HVAC, roof, interior finishes, and a kitchenette on a 0.36-acre lot.
Where is this office building located?
The property is located at 527 Ne 8th Ave Ocala, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Renovated office building built in 1922, renovated in 2025, on a 0.36‑acre lot in Ocala; New roof and new HVAC (2025) plus updated hardwood flooring, lighting, and fresh interior/exterior paint; Updated kitchenette and bathroom finishes with refreshed interior upgrades throughout
