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Property profile & analytics
FOR SALE
Commercial real estate

1109 SW 10Th St Ocala, FL 34471

9,408 SF 1.57 ac lot Built 1966
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US18-3710616
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,408 SF
Lot 1.57 ac (68,389 SF)
Zoning code B4
APN 2849-001-002
UPID US18-3710616
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Edward Demmi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.82M
Comparable Approach Comparable
$2.11M
Blend (final) Blend
$1.70M
Owner & transaction history
1109 Sw 10th Street LLC · 11 yrs held
1109 Sw 10th Street LLC
since 2014
7 recorded transactions
2019
Price N/A
2018
Price N/A
2014
$1.7M
2004
Price N/A
1996
$142,500
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B4 · Ocala, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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