1109 SW 10Th St Ocala, FL 34471
- Commercial real estate
- 9,408 SF
- 1.57 lot acres
Current Use by Public Records
- Edward Demmi / Physician
Property Details for 1109 SW 10Th St
- Year built
- 1966
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.57 lot acres
- Property size
- 9,408 SF
- Zone code
- B4
- Property type
- Commercial real estate
- APN
- 2849-001-002
- APU
- 2849001002
Description
This exceptional 9,400-square-foot medical office building presents a unique investment opportunity in Ocala, Florida. Situated on a 1.57-acre lot, this single-tenant property boasts a prime location, just minutes from area hospitals. Built in 1966, the Class B building features a spacious layout ideally suited for medical practices. The existing build-out includes seven exam rooms with sinks, a large physical therapy room (30' x 26'), a conference room, a procedure room, a nurses' station, trauma bays, a reception/front office, and a substantial waiting area. The property offers ample parking with a ratio of 5.96 spaces per 1,000 square feet. Currently fully vacant, this presents a blank canvas for a new tenant, with the landlord offering tenant improvements toward build-out. Detailed floor plans are available upon request. The property is zoned B4 and has a Marion County Property Appraiser Parcel ID of 2849-001-002. This is a rare opportunity to acquire a well-located, sizable medical office building in a thriving Ocala submarket. The property's size, existing infrastructure, and convenient location make it an attractive prospect for a variety of medical practices. Don't miss this chance to secure a valuable asset in a high-demand area.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,970,000
- 6.5%
- $1,820,000
- 7%
- $1,690,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,105,000
- AI Estimate
- $1,165,000
Market price range: $994k - $2.20MMarket price range: $377k - $1.28M
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Location Insight
- Map
- Local Demand
- City
- Ocala
- County
- Marion
- State
- Florida
- Longitude
- -82.1484
- Latitude
- 29.1794
- CBSA code
- 36100
- CBSA name
- OCALA, FL METROPOLITAN STATISTICAL AREA