40-Room Motel Across from State
For Sale
$1,577,500
Pending
5565 E Silver Springs Boulevard, Silver Springs, FL 34488
Commercial Sale, Silver Springs, FL
Property Size16,102 SF
Lot Size0.73 Acres
Days on Market547
Property Features for 5565 E Silver Springs Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OOC
Parking features
Open
Pool private
1
Interior features
Solid Surface Counters
Exterior features
Balcony, Lighting
Fencing
Chain Link
Lot features
Cleared, Level, Wooded
Directions
East on SR 40 past intersection of SR/CR 35. Property is on left.
Standard status
Pending
APN
2682850000
Lot size
0.73 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 01 TWP 15 RGE 22 PLAT BOOK D PAGE 098 MONTEREY VILLAGE REVISED LOTS 1.2.3. & N 85 FT OF LOT 4 & 5 BLK G & THAT PART OF S 16 FT OF W 254 FT OF HINES ST LYING N OF & ADJ TO LOTS 1.2.3.4 BLK G
Tax Annual Amount
14776
Legal Description
SEC 01 TWP 15 RGE 22 PLAT BOOK D PAGE 098 MONTEREY VILLAGE REVISED LOTS 1.2.3. & N 85 FT OF LOT 4 & 5 BLK G & THAT PART OF S 16 FT OF W 254 FT OF HINES ST LYING N OF & ADJ TO LOTS 1.2.3.4 BLK G
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating), Heat Pump (Heating)
Cooling system
Wall/Window Unit(s), Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1963
Flooring type
Carpet, Tile, Vinyl
Building materials
Stucco, Block, Wood Siding
Roof type
Metal, Membrane
Buildings
3
Listing Agency:
CENTURY 21 J.W.MORTON R.E. · Century 21 Real Estate
Listed By:
Richard Fernley · License #3602811
(352) 726-6668
Added: May 9, 2025
Changed: Nov 6
Last Checked: Nov 6 at 9:06AM
MLS# CC844225
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.
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Investment Insights
Based on property information with market context.
This 40-room motel comprises three buildings on approximately 0.73 acres. Built in 1963, the property has about 121 feet of frontage on SR 40. Gas, electric, public water and public sewer serve the site. Roof work was completed in 2013 and 2022; roofing includes metal and membrane materials.
The property is directly across from Silver Springs State Park and near the intersection of SR 40 and SR/CR 35. It is within Catalyst Site #4 of the Silver Springs CRA Master Plan. The plan contemplates potential SR 40 rerouting and neighborhood-scale mixed-use development, including retail and residential uses, subject to approvals. Marion County’s Special Use Permit process may allow alternatives to the current hospitality use. Conceptual renderings have been commissioned for renovation scenarios that retain hospitality use.
The property is directly across from Silver Springs State Park and near the intersection of SR 40 and SR/CR 35. It is within Catalyst Site #4 of the Silver Springs CRA Master Plan. The plan contemplates potential SR 40 rerouting and neighborhood-scale mixed-use development, including retail and residential uses, subject to approvals. Marion County’s Special Use Permit process may allow alternatives to the current hospitality use. Conceptual renderings have been commissioned for renovation scenarios that retain hospitality use.
Key Highlights
- 40‑room hospitality property across from Silver Springs State Park
- Three buildings on approximately 0.73 acres
- About 121 feet of frontage along SR 40
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,572
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,491,440
$1.5M
Cap Rate 7%
$1,065,314
$1.1M
Cap Rate 9%
$828,578
$828.6K
Market Conditions
NOI Build-Up for 16,102 SF
Gross rent
$241.5K $15.00/SF
− Vacancy
−$84.5K −$5.25/SF
EGI
$157.0K $9.75/SF
− OpEx
−$82.4K −$5.12/SF
NOI
$74.6K $4.63/SF
Area
Marion County, FL
Vacancy
35.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,491,440
Cap Rate 7%
$1,065,314
Cap Rate 9%
$828,578
Alternative Uses
Best Use
Hotel Hospitality
$1.07M
$932.2K – $1.24M
NOI $74,572 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.79M
$7.69M – $10.26M
NOI $615,503 @ 7.0% cap · market cap 39.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34488, FL
11,392
Population
6,816
Households
1.7
Avg Household Size
52
Median Age
19%
College-Educated
87%
High-School Grad
85.6 sq mi
ZIP Area
133
Density / Sq Mi
$45,239
Median Household Income
$29,074
Median Earnings
$1,098
Median Rent
$75,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- The Ocala Escape — 4901 E Silver Springs Blvd #302, Ocala, FL 34470
- OYO Hotel Mustang Silver Spring FL — 5001 E Silver Springs Blvd, Silver Springs, FL 34488
- Rodeway Inn — 5001 e silver springs blvd, silver springs, fl 34488
- Stage Stop Resort — 5131 E Silver Springs Blvd, Silver Springs, FL 34488
- Relax Inn — 5331 E Silver Springs Blvd, Silver Springs, FL 34488
Frequently Asked Questions
What type of property is this?
Motel - Three-building hospitality property with public utilities sits across from Silver Springs State Park.
Where is this motel located?
The property is located at 5565 E Silver Springs Boulevard Silver Springs, FL.
What is the asking price?
The asking price for this property is $1,577,500.
What are key features of this property?
This property features: 40‑room hospitality property across from Silver Springs State Park; Three buildings on approximately 0.73 acres; About 121 feet of frontage along SR 40
