Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1813 1st Ave Ocala, FL 34471-8167

    • Commercial real estate
    • 2,429 SF
    • 0.32 lot acres
    OFF-MARKET
    Last Sale
    Mar 19, 2025
    $140,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4612570
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Express Care Wellness & Primary Care / Medical Clinic
    • Medical Spa and Primary Care of Ocala / Medical Clinic

    Property Details for 1813 1st Ave

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.32 lot acres
    Property size
    2,429 SF
    Zone code
    O1
    Property type
    Commercial real estate
    APN
    3006-004-007
    APU
    3006004007

    Description

    This vacant, 2,524 square foot Class B medical office building presents a compelling investment opportunity in Ocala, Florida. Located at 1813 SW 1st Ave, this single-story, 2002-built property sits on a 0.32-acre lot and is zoned O-1. The building features a waiting room with a water fountain, two handicap-accessible restrooms, a reception area, three general office rooms, three large multipurpose rooms, and two connecting office rooms. The property boasts 3-phase power and visible monument signage. Waste disposal is conveniently located on the premises. Its strategic location offers easy access to HWY 441 and HWY 301, as well as downtown Ocala. Ample parking is available, and two adjacent vacant lots are also for sale, providing potential for expansion or additional parking. The asking price is $399,000, translating to $158.08 per square foot. This turnkey medical office is ready for immediate occupancy. Explore the permitted uses under the O-1 zoning designation for further development possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.1372
    Latitude
    29.1696
    CBSA code
    36100
    CBSA name
    OCALA, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,250
    $94,088
    $396,630
    $490,718
    -
    $94,088
    $396,630
    $490,718

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      125 2nd St

      COMMERCIAL (GENERAL) • 0.18 Acres
      125 2nd St, Ocala, FL 34471
      View Details
    • Value Estimation by Request
      0.63 Acres

      1133 18th Pl

      COMMERCIAL (GENERAL) • 0.63 Acres
      1133 18th Pl, Ocala, FL 34471-5410
      View Details
    • Value Estimation by Request
      0.24 Acres

      620 1st Ave

      COMMERCIAL (GENERAL) • 0.24 Acres
      620 1st Ave, Ocala, FL 34471-2154
      View Details
    • Value Estimation by Request
      0.30 Acres

      16 3rd St

      COMMERCIAL (GENERAL) • 0.30 Acres
      16 3rd St, Ocala, FL 34471
      View Details
    • Value Estimation by Request
      0.02 Acres

      Ocala, FL 34471

      COMMERCIAL (GENERAL) • 0.02 Acres
      Ocala, FL 34471
      View Details
    • Value Estimation by Request
      0.01 Acres

      Ocala, FL 34471

      COMMERCIAL (GENERAL) • 0.01 Acres
      Ocala, FL 34471
      View Details

    Similar Nearby for Sale

    • $285,000
      1.35 Acres

      Ocala Commercial Land - $285k

      1.35 Acres, O1 Zoning, Prime Location
      0 33Rd St, Ocala, FL 34471
      View Details
    • $1,200,000
      1.70 Acres

      Ocala Development Opportunity

      1.7-Acre Mixed-Use Property, $1.2M
      1333 17Th St, Ocala, FL 34471
      View Details
    • $2,112,000
      4.04 Acres

      Ocala Commercial Land: Prime Retail Site

      4.04 Acres, B-2 Zoning, High Visibility
      2904 27Th Ave, Ocala, FL 34471
      View Details
    • $2,500,000
      0.64 Acres

      Prime Ocala Retail Investment

      Class A Retail Building, High NOI
      1839 College Rd, Ocala, FL 34471
      View Details
    • $1,800,000
      5,691 SF

      Downtown Ocala Mixed-Use Building

      Prime Location, High-Growth Potential
      514 Magnolia Ave, Ocala, FL 34471
      View Details
    • $1,354,000
      6,213 SF

      311 29Th Pl, Ocala, FL 34471

      Office Properties & Spaces • 6,213 SF
      311 29Th Pl, Ocala, FL 34471
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      6,640 SF

      Prime Ocala Flex Space Available

      6,640 SF Flex Space - Ideal Location
      422 16Th St, Ocala, FL 34471
      View Details
    • $10 SF/Yr
      8,325 SF

      Ocala Warehouse with Gated Yard

      8,325 SF warehouse with 1-acre yard in Ocala, FL.
      1895 Southwest 12Th Ave, Ocala, FL 34471
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near Future Development

      Retail space in Publix-anchored center near future residential development.
      3980 SW 26Th Ct, Ocala, FL 34471
      View Details
    • $13 SF/Yr
      17,352 SF

      Ocala Flex Warehouse for Lease

      M1 zoned flex warehouse with small industrial bays available.
      1203 SW 12Th St, Ocala, FL 34471
      View Details
    • $86,400

      Prime Commercial Space in Ocala

      3,000 SF commercial space in downtown Ocala, Florida.
      205 S Magnolia Ave, Ocala, FL 34471
      View Details
    • $15 SF/Yr
      5,050 SF

      Downtown Ocala Historic Office Building

      Historic two-story office building with courtyard and free parking.
      11 N Magnolia Ave, Ocala, FL 34471
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1813 1st Ave
    Ocala, FL 34471-8167
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.