Renovated Office
For Sale
$314,900
527 NE 8TH, Ocala, FL 34470
Single-unit office property with RO zoning and updated interior and exterior finishes.
Property Size1,054 SF
Days on Market50
Property Features for 527 NE 8TH
General Information
Standard status
Active
Size
1,054 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,433
Building Details
Building Size
1,054 SF
Year Built
1922
Listing Agency:
Robb Harrison Realty Inc.
Listed By:
Robb Harrison · License #3380769
(513) 442-9083
Source:
Elliman
Added: Sep 11
Changed: Oct 29
Last Checked: Oct 28 at 10:03AM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-unit office building occupies a 0.36-acre lot at 527 NE 8TH in Ocala. Originally built in 1922, the property underwent renovation in 2025 with improvements that include a new roof, HVAC system, hardwood flooring, lighting, kitchenette, bathroom finishes, sidewalks, landscaping, and refreshed interior and exterior paint. RO zoning supports its office use, while the building’s updated finishes provide a professional setting for occupancy.
The property is positioned just north of Silver Springs Boulevard, with access to downtown Ocala, US-441, and I-75. Walk Score is 78, Bike Score is 61, and Transit Score is 33, reflecting the surrounding transportation and mobility options.
The property is positioned just north of Silver Springs Boulevard, with access to downtown Ocala, US-441, and I-75. Walk Score is 78, Bike Score is 61, and Transit Score is 33, reflecting the surrounding transportation and mobility options.
Key Highlights
- 0.36‑acre office property at 527 NE 8TH in Ocala
- Built in 1922 and renovated in 2025
- RO zoning for office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,257
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,930
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
Frequently Asked Questions
What type of property is this?
Office building - Single-unit office property with RO zoning and updated interior and exterior finishes.
Where is this office building located?
The property is located at 527 NE 8TH 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: 0.36‑acre office property at 527 NE 8TH in Ocala; Built in 1922 and renovated in 2025; RO zoning for office use
