Two-Story Office
New
For Sale
$995,900
944 E SILVER SPRINGS, Ocala, FL 34470
The interior includes private offices, conference space, a full kitchen, and a wood accessibility ramp.
Property Size2,822 SF
Lot Size0.61 Acres
Price / SF$319.20
Days on Market3
Property Features for 944 E SILVER SPRINGS
General Information
Standard status
Active
Size
2,822 SF
Lot size
0.61 Acres
Property subtype
Commercial
Zoning
B2
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,442
Amenities
full kitchen
large conference room
2 lobby areas
dedicated closed storage
existing illuminated sign
wood ramp for accessibility
Building Details
Building Size
2,822 SF
Year Built
1927
Buildings
1
Stories
2
Construction
Victorian
Listing Agency:
Ellison Realty, Inc.
Listed By:
Darla Priest · License #0476492
(352) 816-0887
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 8:51AM
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 Ellison Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 1927, this two-story office property contains 3,120 sqft under roof on a 0.61-acre parcel. Its layout includes 6 private offices, a large conference room, a dedicated downstairs workspace, two lobby areas, closed storage, and a full kitchen. One office has a private bathroom; the building has 4 bathrooms overall. Interior details include original wood floors on the staircase and upper level, built-ins, wood trim, and high ceilings. A wood ramp provides accessible entry, and an illuminated sign is installed on the property.
The parcel fronts Silver Springs BLVD (HWY 40) for 114 ft. The building is zoned B2, is not registered as historic, and may be removed. On-site parking is also available.
The parcel fronts Silver Springs BLVD (HWY 40) for 114 ft. The building is zoned B2, is not registered as historic, and may be removed. On-site parking is also available.
Key Highlights
- 3,120 sqft under roof on a 0.61‑acre parcel
- 114 ft of frontage on Silver Springs BLVD (HWY 40)
- 6 private offices, including one with a private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,683
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,613,660
$1.6M
Cap Rate 7%
$1,152,614
$1.2M
Cap Rate 9%
$896,478
$896.5K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$117.2K $37.56/SF
− Vacancy
−$9.6K −$3.08/SF
EGI
$107.6K $34.48/SF
− OpEx
−$26.9K −$8.62/SF
NOI
$80.7K $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%
$1,613,660
Cap Rate 7%
$1,152,614
Cap Rate 9%
$896,478
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,683 @ 7.0% cap · market cap 8.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,263 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
156
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - The interior includes private offices, conference space, a full kitchen, and a wood accessibility ramp.
Where is this office building located?
The property is located at 944 E SILVER SPRINGS Ocala, FL.
What is the asking price?
The asking price for this property is $995,900.
What are key features of this property?
This property features: 3,120 sqft under roof on a 0.61‑acre parcel; 114 ft of frontage on Silver Springs BLVD (HWY 40); 6 private offices, including one with a private bathroom
