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    1800 17Th St Ocala, FL 34471

    For Sale
    $1,370,000

    HCA Healthcare Net Lease, 6.75% Cap Rate

    Property size:
    5,139 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents a 5,139 square foot medical office building in Ocala, Florida, currently 100% occupied by HCA Florida Ocala Primary Care, a subsidiary of HCA Healthcare. The property boasts a newly signed, triple-net (NNN) lease with a prominent, credit-rated tenant, ensuring consistent cash flow. The lease commenced November 1, 2023, and has a remaining term of approximately 3.9 years, extending to October 31, 2028, with a single five-year renewal option. The annual rent escalates by 3%, providing built-in growth potential. The building, constructed in 1985 and classified as Class B, is situated at 1800 SE 17th St #100, Ocala, FL 34471, within a major medical corridor. The asking price is $1,370,000, representing a compelling cap rate of 6.75% based on a net operating income (NOI) of $92,502. The property's zoning is O-1, and the tenant has occupied the space since October 1, 2007. This investment offers stability and growth potential in a rapidly expanding market, with Ocala experiencing significant population growth. The seller is escrowing $92,502 to ensure tenant renewal for an additional five years in 2028. This is a rare opportunity to acquire a high-quality, net-leased medical office building in a prime location.

    Property Features for 1800 17Th St

    General Information

    Property type
    Medical offices
    Square Feet
    5,139 SF
    Class
    B

    Building Details

    Year Built
    1985

    HighLights

    • Recently extended 5‑year triple‑net lease.
    • Seller escrowed $92,502 for tenant's 5‑year renewal option in 2028.
    • 3% annual rent escalations.
    • Medical office building offers recession‑resistant investment.
    • Ocala, FL is a rapidly growing market.
    • Tenant occupied since 2007.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    17th Street Medical ... Medical Clinic Ocala Periodontics & Dental ... Dental Clinic Betancur Orthodontics Orthodontist Stephen Hsu - Internal ... Doctor Harper Wayne C ... Dentist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.1136987
    Latitude
    29.1710984

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    FAQs

    What type of property is this?
    Medical office - HCA Healthcare Net Lease, 6.75% Cap Rate
    Where is this medical office located?
    The property is located at 1800 17Th St Ocala, FL.
    What is the asking price?
    The asking price for this property is $1,370,000.
    What are key features of this property?
    This property features: Recently extended 5-year triple-net lease.; Seller escrowed $92,502 for tenant's 5-year renewal option in 2028.; 3% annual rent escalations.
    Request Owner's contact information
    1800 17Th St Ocala, FL 34471
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1800 17Th St Ocala, FL 34471
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