Ocala Office Building For
For Sale
$995,900
944 E SILVER SPRINGS BOULEVARD, Ocala, FL 34470
Office building for sale on Silver Springs Boulevard, Ocala.
Property Size3,120 SF
Price / SF$352.91
Days on Market450
Property Features for 944 E SILVER SPRINGS BOULEVARD
General Information
Standard status
Active
Size
3,120 SF
Zoning
B2
Taxes and HOA fees
Annual Taxes
$6,442
Amenities
Bathrooms, Kitchen Facility, On Site Shower, Outside Storage, Ramp, Reception, Waiting Room
Accessible Entrance, Accessible Doors
Central Air, Zoned
Central, Electric, Zoned
Crawl Space
Dishwasher, Dryer, Microwave, Refrigerator
Storage
Building Details
Building Size
3,120 SF
Year Built
1927
Stories
2
Listing Agency:
Ellison Realty, Inc.
(352) 895-6055
Listed By:
Ryan Mulkey · License #3446605
(352) 895-6055
Source:
Evrealestate
Added: Jun 2, 2025
Changed: Aug 8
Last Checked: Aug 25 at 6:21AM
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.
Located on East Silver Springs Boulevard in Ocala, Florida, this office building offers a commercial real estate opportunity. The property has a size of 2822 square feet. From Ocala downtown square head east on Silver Springs BLVD. Office will be on right hand side.
Key Highlights
- Convenient location on Silver Springs BLVD, east of downtown Ocala square.
- Zoned central cooling and heating for energy efficiency.
- Includes essential appliances: dishwasher, dryer, microwave, and refrigerator.
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
$72,977
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
7.33%
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%
$1,459,540
$1.5M
Cap Rate 7%
$1,042,529
$1.0M
Cap Rate 9%
$810,856
$810.9K
Market Conditions
NOI Build-Up for 2,822 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
$106.0K $37.56/SF
− Vacancy
−$8.7K −$3.08/SF
EGI
$97.3K $34.48/SF
− OpEx
−$24.3K −$8.62/SF
NOI
$73.0K $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 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%
$1,459,540
Cap Rate 7%
$1,042,529
Cap Rate 9%
$810,856
Alternative Uses
Best Use
Office B
$1.04M
$912.2K – $1.22M
NOI $72,977 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,872 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,035
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 - Office building for sale on Silver Springs Boulevard, Ocala.
Where is this office building located?
The property is located at 944 E SILVER SPRINGS BOULEVARD 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: Convenient location on Silver Springs BLVD, east of downtown Ocala square.; Zoned central cooling and heating for energy efficiency.; Includes essential appliances: dishwasher, dryer, microwave, and refrigerator.
