Two-Story Office Building with
944 E SILVER SPRINGS BOULEVARD Ocala, FL 34470
944 E SILVER SPRINGS BOULEVARD, Ocala, FL, 34470
$995,900
For Sale
$995,900
Office - OCALA, FL
Property Size2,822 SF
Lot Size0.61 Acres
Price / SF$352.91
Days on Market414
Property Features for 944 E SILVER SPRINGS BOULEVARD
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- B2
- Security features
- Fire Alarm, Security System, Smoke Detector(s)
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Standard status
- Active
- APN
- 28383-001-00
- Size
- 2,822 SF
- Lot size
- 0.61 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6442.2
Utilities
- Heating system
- Central, Electric (Heating), Zoned (Heating)
- Cooling system
- Central Air, Zoned
Building Details
- Year built
- 1927
- Building materials
- Frame, Vinyl Siding, Wood Siding
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
COLDWELL BANKER ELLISON REALTY O
(352) 732-8350
2226 E Silver Springs Blvd, Ocala, FL
Listed by
Ryan Mulkey · License #3446605
(352) 895-6055
Added: May 30, 2025 Checked: Jul 17 at 7:06 pm
MLS# OM702846
Listing URL
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.
Investment Insights
Based on property information with market context.
This two-story office building offers a distinctive, historic character with solid original wood floors, high ceilings, built-ins, and substantial wood trim throughout. The interior configuration includes six total private offices, one private office with a full bathroom, a large conference room, a dedicated workspace downstairs, two lobby areas, a full kitchen, four bathrooms, and dedicated closed storage. Accessibility is supported by a wood ramp on the side of the building. Exterior improvements include an already existing illuminated sign on Silver Springs Boulevard. While the building features Victorian-style presentation with a grand entry, the structure is not a registered historic building and can be removed if desired.
Located on the main four-lane road in Ocala along Silver Springs Boulevard (HWY 40), the property provides approximately 114 feet of frontage for visibility and easy approach. The lot size is over half an acre, and the site includes ample parking to support day-to-day operations and client visits. Zoning is B2.
This property is well suited for owner-occupants or small professional groups that want private office space, meeting capability, and on-site parking in a highly visible retail-commercial corridor. The flexible interior layout and multiple lobby areas can also accommodate a range of office uses within the B2 zoning framework.
Located on the main four-lane road in Ocala along Silver Springs Boulevard (HWY 40), the property provides approximately 114 feet of frontage for visibility and easy approach. The lot size is over half an acre, and the site includes ample parking to support day-to-day operations and client visits. Zoning is B2.
This property is well suited for owner-occupants or small professional groups that want private office space, meeting capability, and on-site parking in a highly visible retail-commercial corridor. The flexible interior layout and multiple lobby areas can also accommodate a range of office uses within the B2 zoning framework.
Key Highlights
- Two‑story office building with 3,120 SF under roof on a 0.61‑acre parcel
- 114 ft of frontage on Silver Springs Blvd (Hwy 40), a main 4‑lane road in Ocala
- B2 zoning; includes an existing illuminated sign on Silver Springs Blvd
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 | $106.0k | $37.56 |
| − Vacancy | −$8.7k | −$3.08 |
| EGI | $97.3k | $34.48 |
| − OpEx | −$24.3k | −$8.62 |
| NOI | $73.0k | $25.86 |
2,822 SF · lease $37.56/SF/yr · vacancy 8.20% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
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 - Charming 2-story office with multiple private offices, conference space, and ample parking on a main four-lane corridor.
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: Two‑story office building with 3,120 SF under roof on a 0.61‑acre parcel; 114 ft of frontage on Silver Springs Blvd (Hwy 40), a main 4‑lane road in Ocala; B2 zoning; includes an existing illuminated sign on Silver Springs Blvd
