Two-Story Office
For Sale
$995,900
944 E SILVER SPRINGS Boulevard, Ocala, FL 34470
Commercial Sale, OCALA, FL
Property Size2,822 SF
Lot Size0.61 Acres
Price / SF$352.91
Days on Market498
Property Features for 944 E SILVER SPRINGS Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
B2
Security features
Security System
Window features
Blinds, Wood Frames
Appliances
Dishwasher, Dryer, Microwave, Refrigerator
Subdivision
CALDWELLS ADD
Directions
From Ocala downtown square head east on Silver Springs BLVD. Office will be on right hand side.
Standard status
Active
APN
28383-001-00
Size
2,822 SF
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SEC 17 TWP 15 RGE 22 PLAT BOOK E PAGE 19 CALDWELLS ADD OCALA BROWN & HARRIS SUB LOT 1 EXC THE E 1.14 FT & EXC S 19.8 FT & E 6 FT OF LOT 2 EXC S 19.8 FT
Tax Annual Amount
6442
Legal Description
SEC 17 TWP 15 RGE 22 PLAT BOOK E PAGE 19 CALDWELLS ADD OCALA BROWN & HARRIS SUB LOT 1 EXC THE E 1.14 FT & EXC S 19.8 FT & E 6 FT OF LOT 2 EXC S 19.8 FT
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Zoned, Central
Cooling system
Zoned, Central Air
Water source
Public
Building Details
Year built
1927
Floors in Building
2
Building materials
Vinyl Siding, Frame, Wood Siding
Roof type
Metal
Listing Agency:
COLDWELL BANKER ELLISON REALTY O · Coldwell Banker Real Estate
(352) 732-8350
Listed By:
Ryan Mulkey · License #3446605
(352) 895-6055
Added: May 30, 2025
Changed: Oct 9
Last Checked: Oct 9 at 4:06PM
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.
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.
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - 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
