Medical Office Space
For Sale
$750,000
2300 SE 17th Street Unit 1100, Ocala, FL 34471
High-visibility medical office space with treatment rooms and storage.
Property Size4,256 SF
Price / SF$176.22
Days on Market802
Property Features for 2300 SE 17th Street Unit 1100
General Information
Standard status
Active
Size
4,256 SF
Property subtype
Commercial
Building Details
Year Built
1994
Listing Agency:
ROBERTS REAL ESTATE INC
(352) 816-7026
Listed By:
John Roberts · License #15921
Source:
Realtygroupfl
Added: Jun 19, 2024
Changed: Aug 28
Last Checked: Aug 29 at 10:46AM
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 ROBERTS REAL ESTATE INC
Investment Insights
Based on property information with market context.
This 4,256 square foot commercial property is currently configured for medical use, offering high-visibility office space. The layout includes 11 treatment rooms, 2 offices, an X-ray room, and a break room. The property also features ample storage space. Its location offers convenient accessibility. The property's current medical configuration presents possibilities for continued use in the healthcare sector.
Key Highlights
- High‑visibility office space ideal for medical use
- Features 11 Treatment Rooms
- Convenient and accessible location
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
$50,737
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
6.76%
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%
$1,014,740
$1.0M
Cap Rate 7%
$724,814
$724.8K
Cap Rate 9%
$563,744
$563.7K
Market Conditions
NOI Build-Up for 4,256 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
$94.5K $22.20/SF
− Vacancy
−$9.9K −$2.33/SF
EGI
$84.6K $19.87/SF
− OpEx
−$33.8K −$7.95/SF
NOI
$50.7K $11.92/SF
Area
Marion County, FL
Vacancy
10.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
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%
$1,014,740
Cap Rate 7%
$724,814
Cap Rate 9%
$563,744
Alternative Uses
Best Use
Office B
$1.57M
$1.38M – $1.83M
NOI $110,060 @ 7.0% cap · market cap 14.67%
Second Best
Healthcare Medical
$724.8K
$634.2K – $845.6K
NOI $50,737 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,687 @ 7.0% cap · market cap 21.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34471, FL
27,632
Population
12,071
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
93%
High-School Grad
19.8 sq mi
ZIP Area
1,396
Density / Sq Mi
$60,283
Median Household Income
$37,565
Median Earnings
$1,225
Median Rent
$292,200
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?
Medical Office Space - High-visibility medical office space with treatment rooms and storage.
Where is this medical office space located?
The property is located at 2300 SE 17th Street Unit 1100 Ocala, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High‑visibility office space ideal for medical use; Features **11 Treatment Rooms**; Convenient and accessible location
