Renovated Office
For Sale
$1,400,000
B-2139 Ne 2nd St, Ocala, FL 34471
Both structures offer reception areas, private rooms, conference space and upper-level storage.
Property Size3,635 SF
Price / SF$385.14
Days on Market14
Property Features for B-2139 Ne 2nd St
General Information
Standard status
Active
Size
3,635 SF
Additional Details
Land Use
commercial, office
Taxes and HOA fees
Annual Taxes
$9,786
Amenities
koi pond with waterfall and deck
Building Details
Year Renovated
2013
Buildings
2
Owner Occupied
Yes
Listing Agency:
ALL FLORIDA HOMES REALTY LLC
(352) 789-5083
Listed By:
Nichole Roberts · License #3145616
(352) 239-2485
Source:
Exprealty
Added: Oct 7
Changed: Oct 19
Last Checked: Oct 19 at 2:27PM
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 ALL FLORIDA HOMES REALTY LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 3,635-square-foot property comprises two office buildings, extensively renovated in 2013. Both have reception and waiting areas, multiple private offices or treatment rooms, conference rooms, and second-floor rooms with storage. The west building includes a full bath with shower; powder rooms are also present. A koi pond, waterfall and deck are positioned at the entrance. The metal roof was installed approximately seven years ago, and the exterior has been freshly painted and caulked.
An adjoining commercial parcel of approximately 0.73 acres, with paved parking and access from NE 2nd Street and NE 3rd Street, is available separately or in combination. Preliminary city approvals for retention and building square footage, as well as conceptual drawings, are available for that parcel. Its development potential remains subject to approvals. The property is in an established Ocala professional center near retail, restaurants, financial institutions, medical offices and surrounding neighborhoods.
An adjoining commercial parcel of approximately 0.73 acres, with paved parking and access from NE 2nd Street and NE 3rd Street, is available separately or in combination. Preliminary city approvals for retention and building square footage, as well as conceptual drawings, are available for that parcel. Its development potential remains subject to approvals. The property is in an established Ocala professional center near retail, restaurants, financial institutions, medical offices and surrounding neighborhoods.
Key Highlights
- Two office buildings with a combined property size of 3,635 square feet
- Extensively renovated in 2013
- Both buildings include reception, waiting, private office or treatment, and conference areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,001
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,880,020
$1.9M
Cap Rate 7%
$1,342,871
$1.3M
Cap Rate 9%
$1,044,456
$1.0M
Market Conditions
NOI Build-Up for 3,635 SF
Gross rent
$136.5K $37.56/SF
− Vacancy
−$11.2K −$3.08/SF
EGI
$125.3K $34.48/SF
− OpEx
−$31.3K −$8.62/SF
NOI
$94.0K $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%
$1,880,020
Cap Rate 7%
$1,342,871
Cap Rate 9%
$1,044,456
Alternative Uses
Best Use
Office B
$1.34M
$1.18M – $1.57M
NOI $94,001 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.98M
$1.74M – $2.32M
NOI $138,949 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,350
Businesses Nearby
Explore this area
Business Placement
Demographics for 34471, FL
27,632
Population
12,071
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
93%
High-School Grad
19.8 sq mi
ZIP Area
1,396
Density / Sq Mi
$60,283
Median Household Income
$37,565
Median Earnings
$1,225
Median Rent
$292,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Both structures offer reception areas, private rooms, conference space and upper-level storage.
Where is this office building located?
The property is located at B-2139 Ne 2nd St Ocala, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Two office buildings with a combined property size of 3,635 square feet; Extensively renovated in 2013; Both buildings include reception, waiting, private office or treatment, and conference areas
