Renovated Office
For Sale
$314,900
527 NE 8TH Avenue, Ocala, FL 34470
Commercial Sale, OCALA, FL
Property Size1,054 SF
Lot Size0.36 Acres
Price / SF$298.77
Days on Market101
Property Features for 527 NE 8TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
RO
Subdivision
SMITH & DAUGHERTY ADD
Lot features
City Limits, Sidewalk, Street Lights, Paved
Directions
East Silver Springs Blvd. to Left on NE 8th Avenue to Property on Right
Standard status
Active
APN
2826-043-000
Size
1,054 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 17 TWP 15 RGE 22 PLAT BOOK E PAGE 011 SMITH & DAUGHERTY ADD OCALA LOT 43 EX RDROW
Tax Annual Amount
2433
Legal Description
SEC 17 TWP 15 RGE 22 PLAT BOOK E PAGE 011 SMITH & DAUGHERTY ADD OCALA LOT 43 EX RDROW
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
kitchenette
sidewalks
landscaping
Building Details
Year built
1922
Floors in Building
1
Flooring type
Hardwood
Building materials
HardiPlank Type
Roof type
Shingle
Listing Agency:
ROBB HARRISON REALTY INC
(352) 877-2790
Listed By:
Robb Harrison · License #3380769
(513) 442-9083
Added: Jun 6
Changed: Sep 14
Last Checked: Sep 14 at 7:06AM
MLS# OM725962
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 single-unit office building provides 1,054 square feet on a 0.36-acre lot and carries RO zoning. Constructed in 1922, it underwent renovation in 2025 with a new shingle roof, new HVAC, refreshed hardwood flooring, updated lighting, kitchenette, bathroom finishes, sidewalks, landscaping, and interior and exterior paint. HardiPlank siding, central heating, central air, public water, and public sewer are also in place.
The property is located at 527 NE 8th Avenue in Ocala, just north of Silver Springs Boulevard. Its setting provides access to downtown Ocala, US-441, and I-75, with professional site improvements supporting its office presentation.
The property is located at 527 NE 8th Avenue in Ocala, just north of Silver Springs Boulevard. Its setting provides access to downtown Ocala, US-441, and I-75, with professional site improvements supporting its office presentation.
Key Highlights
- 1,054‑square‑foot office building on a 0.36‑acre lot
- RO zoning with a single‑unit office configuration
- Built in 1922 and renovated in 2025
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
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Office building - Single-unit professional office with updated building systems, finishes, landscaping, and site improvements.
Where is this office building located?
The property is located at 527 NE 8TH Avenue 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‑square‑foot office building on a 0.36‑acre lot; RO zoning with a single‑unit office configuration; Built in 1922 and renovated in 2025
