Two-Story Office
944 E Silver Springs Boulevard Ocala, FL 34470
944 E Silver Springs Boulevard, Ocala, FL, 34470
$995,900
For Sale
$995,900
Two-story office building with 6 private offices, conference room, two lobby areas, and on-site parking.
Property Size3,120 SF
Lot Size0.61 Acres
Price / SF$319.20
Days on Market445
Property Features for 944 E Silver Springs Boulevard
General Information
- Standard status
- Active
- Size
- 3,120 SF
- Lot size
- 0.61 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1927
Listing agency
COLDWELL BANKER ELLISON REALTY O
(352) 732-8350
Listed by
Ryan Mulkey · License #3446605
Source
Xome
Added: May 4, 2025 Updated: Jul 20 at 4:28PM Checked: Jul 21 at 3:10AM
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 COLDWELL BANKER ELLISON REALTY O
Investment Insights
Based on property information with market context.
This two-story office building offers 3,120 square feet total under roof, featuring multiple office and common areas and historic architectural details. The interior includes solid original wood floors, high ceilings, built-ins, solid wood trim, and a full kitchen. Layout includes six total private offices, one office with a full private bathroom, four bathrooms, a large conference room, a dedicated workspace downstairs, two lobby areas, and dedicated closed storage.
The property sits on a parcel over half an acre with 114 feet of frontage on a main four-lane road. An illuminated sign is already in place on Silver Springs Boulevard, and the building includes a wood ramp for accessibility.
Zoned B2, the building is described as not being a registered historic building and can be removed, offering flexibility around the existing structure and sign improvements.
The property sits on a parcel over half an acre with 114 feet of frontage on a main four-lane road. An illuminated sign is already in place on Silver Springs Boulevard, and the building includes a wood ramp for accessibility.
Zoned B2, the building is described as not being a registered historic building and can be removed, offering flexibility around the existing structure and sign improvements.
Key Highlights
- 2‑story office building on Silver Springs Blvd (HWY 40) with 114 ft of frontage
- 3120 sq ft total under roof on a 0.61‑acre parcel with ample on‑site parking
- Layout includes 6 total private offices, 1 large conference room, and 2 lobby areas
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.2k | $37.56 |
| − Vacancy | −$9.6k | −$3.08 |
| EGI | $107.6k | $34.48 |
| − OpEx | −$26.9k | −$8.62 |
| NOI | $80.7k | $25.86 |
3,120 SF · lease $37.56/SF/yr · vacancy 8.20% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shannon Mulkey Law ...
Law Firm
Shannon Mulkey, P.A.
Law Firm
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FAQs
What type of property is this?
Office building - Two-story office building with 6 private offices, conference room, two lobby areas, and on-site parking.
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: 2‑story office building on Silver Springs Blvd (HWY 40) with 114 ft of frontage; 3120 sq ft total under roof on a 0.61‑acre parcel with ample on‑site parking; Layout includes 6 total private offices, 1 large conference room, and 2 lobby areas
