Renovated Office
New
For Sale
$314,900
527 NE 8th Ave, Ocala, FL 34470
A single-unit office property with RO zoning and updated interior finishes.
Property Size1,054 SF
Lot Size0.36 Acres
Price / SF$298.77
Days on Market4
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
Building Details
Year Built
1922
Year Renovated
2025
Listing Agency:
ROBB HARRISON REALTY INC
Listed By:
Robb Harrison · License #3380769
(513) 442-9083
Source:
Livewelltampabay
Added: Sep 24
Last Checked: Sep 26 at 9:54AM
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 1,054-SF office building occupies a 0.36-acre parcel at 527 NE 8th Ave in Ocala. Constructed in 1922 and renovated in 2025, it has a new roof and HVAC, refreshed hardwood floors and lighting, a kitchenette, and updated bathroom finishes. Interior and exterior paint, sidewalks, and landscaping are also part of the improvements. The property is zoned RO and configured for a single occupant.
The site is north of Silver Springs Boulevard, with proximity to downtown Ocala, US-441, and I-75.
The site is north of Silver Springs Boulevard, with proximity to downtown Ocala, US-441, and I-75.
Key Highlights
- 1,054‑SF office building on a 0.36‑acre parcel
- Built in 1922; renovated in 2025
- New roof and HVAC, updated hardwood flooring and lighting
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
$27,257
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
8.66%
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%
$545,140
$545.1K
Cap Rate 7%
$389,386
$389.4K
Cap Rate 9%
$302,856
$302.9K
Market Conditions
NOI Build-Up for 1,054 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
$39.6K $37.56/SF
− Vacancy
−$3.2K −$3.08/SF
EGI
$36.3K $34.48/SF
− OpEx
−$9.1K −$8.62/SF
NOI
$27.3K $25.86/SF
Area
Marion County, FL
Vacancy
8.20%
Lease Rate
$37.56 /SF/Yr
Expense Ratio
25.00%
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%
$545,140
Cap Rate 7%
$389,386
Cap Rate 9%
$302,856
Alternative Uses
Best Use
Office B
$389.4K
$340.7K – $454.3K
NOI $27,257 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$575.6K
$503.6K – $671.5K
NOI $40,289 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,086
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - A single-unit office property with RO zoning and updated interior finishes.
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 $314,900.
What are key features of this property?
This property features: 1,054‑SF office building on a 0.36‑acre parcel; Built in 1922; renovated in 2025; New roof and HVAC, updated hardwood flooring and lighting
