Property summary
This exceptional investment opportunity presents a fee-simple ownership of a Class A, 41,204 square foot medical office building located at 1227 SW 17th Ave, Ocala, FL 34471. Currently operating as a Rasmussen University Nursing Campus under a new 10-year lease (commencing April 1, 2024, and expiring March 31, 2034), this property boasts a strong 6.80% cap rate and a substantial net operating income (NOI) of $880,581. The lease includes 2.5% annual rent bumps, providing consistent income growth, and two 5-year renewal options. The property features 225 parking spaces and sits on a 4.84-acre lot, zoned B4. Built in 1975 and renovated in 2008, this fully occupied (100%) facility is ideally suited for its current use, featuring medical-grade plumbing and electrical systems. The asking price is $12,950,000, translating to a price per square foot of $314.29. This prime location benefits from proximity to major hospital systems including UF Health, AdventHealth, HCA West Marion, and HCA Florida Ocala, further enhancing its investment appeal. The property's strategic location near The Villages, a large 55+ community, and an average household income of $97,090 within a 5-mile radius, contributes to its strong tenant base and long-term potential. This is a rare opportunity to acquire a high-performing, net-leased medical office building in a thriving Florida market.
Property profile
VerifiedCap rate & NOI
Current use
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Vocational School Training Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Ocala market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B4 · Ocala, FLZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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