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Property profile

1227 SW 17Th Ave Ocala, FL 34471

FOR SALE
Commercial real estate
Property ID
US18-3312469
29,244 SF 4.84 ac lot Built 1975
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1975
Construction STEEL FRAME
Total area 29,244 SF
Lot 4.84 ac (210,830 SF)
Zoning code B4
APN 23656-014-00
UPID US18-3312469

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Vocational School Training Center

Location

1227 SW 17Th Ave Ocala, FL 34471
Ocala metro Census 2401 OCALA, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.52M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.09M
Blend (final) Blend
$2.48M

Owner & transaction history

since 2021
Last sale
$2.7M
7 recorded transactions
2021
$2.7M
2018
$1.9M
2014
$1.7M
2013
$378,386
2008
$1.7M
2006
Price N/A
2003
$800,000

Zoning & alternative use

B4 · Ocala, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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