Two-Story Office
944 E SILVER SPRINGS Boulevard, Ocala, FL 34470
For Sale
$995,900
Pending
Commercial Sale, OCALA, FL
Property Size3,120 SF
Lot Size0.61 Acres
Days on Market533
Property Features for 944 E SILVER SPRINGS Boulevard
General Information
Property type
Property subtype
Zoning
Security features
Window features
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
accessibility ramp
high ceilings
built-ins
solid wood trimmings
full kitchen
conference room
lobby areas
closed storage
illuminated sign
Building Details
Year built
Floors in Building
Building materials
Roof type
Buildings
Listing Agency:
COLDWELL BANKER ELLISON REALTY O · Coldwell Banker Real Estate
(352) 732-8350
Listed By:
Ryan Mulkey · License FL #3446605
(352) 895-6055
Added: May 30, 2025
Changed: Nov 12
Last Checked: Nov 13 at 7:06PM
MLS# OM702846
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story office building, constructed in 1927, sits on a 0.61-acre parcel. The interior includes six private offices, a conference room, a dedicated downstairs workspace, two lobby areas, enclosed storage, and a kitchen. One office has its own bathroom; there are four bathrooms in total. Interior details include wood floors, built-in features, high ceilings, and wood trim. A ramp provides side access, and an illuminated sign is already in place.
The property fronts Silver Springs Boulevard (HWY 40), a four-lane road, with 114 feet of frontage. B2 zoning applies. The building is not registered as historic and may be removed.
The property fronts Silver Springs Boulevard (HWY 40), a four-lane road, with 114 feet of frontage. B2 zoning applies. The building is not registered as historic and may be removed.
Key Highlights
- Six private offices, including one with a full private bathroom
- 0.61‑acre parcel with 114 feet of frontage on Silver Springs BLVD (HWY 40)
- Four bathrooms, one conference room, and two lobby areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,977
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
$171,500
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Ocala, FL
Properties on Market for Office buildings in Ocala
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - B2-zoned property offers multiple private offices, meeting space, and an illuminated roadside sign.
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: Six private offices, including one with a full private bathroom; 0.61‑acre parcel with 114 feet of frontage on Silver Springs BLVD (HWY 40); Four bathrooms, one conference room, and two lobby areas
