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Property profile & analytics
OFF-MARKET
Parking lots & garages
1834 1st Ave Ocala, FL 34471-8100
Entity Owned
29-yr Hold
~
Est. High Equity
Property ID
US18-0220553
Property summary
AI-generated overview
This exceptional 5,010 square foot office condo in Ocala, Florida, is being offered via online auction concluding February 5th at 11 AM ET. Ideally situated less than half a mile from AdventHealth and HCA hospitals, this efficient space boasts 12 exam rooms, 3 offices, a nurses' station, x-ray room, break room, waiting room, and 3 restrooms. Previously used as an urgent care facility, the layout is perfect for a busy medical practice. The condo occupies approximately 29% of a 17,000 square foot, two-suite building constructed in 1997 with concrete block construction and three private entrances. Two monument signs enhance visibility. Conveniently located just off Highway 441 with access from SW 1st Avenue, SW 18th Street, and SW 2nd Avenue, this 0.11-acre property offers excellent accessibility. The listed price is a suggested opening bid
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,039 SF
Lot
2.18 ac (94,961 SF)
Zoning code
B4
APN
28578-001-01
UPID
US18-0220553
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
-
Ocala Lung and Critical Care Associates, Inc. Medical Clinic
-
Lori Muder Physician
-
Dr. Raj Karunakara Physician
-
Dr. Hardik Bhatt Physician
-
Stefanie Westcott Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
First Avenue Properties INC · 29 yrs held
First Avenue Properties INC
since 1997
3 recorded transactions
Zoning & alternative use
B4 · Ocala, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ocala submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocala submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$258,490
Assessed 2023
Previous assessed
$261,070
-1.0% YoY
Land market value
$284,883
Improvement market value
$23,632
Total market value
$308,515
Applied tax rate
1,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
9
Total area
17,039 SF
Lot
2.18 ac (94,961 SF)
Zoning code
B4
APN
28578-001-01
UPID
US18-0220553
Jurisdiction
MARION
Zoning & alternative use
B4 · Ocala, FL
Zoning B4 · permitted uses
B4 · Ocala, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocala. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Bathrooms
9
Lot
2.18 ac
Current owner
From public records · entity-resolved
First Avenue Properties INC
Entity
Mailing address
1834 SW 1ST AVE STE #101, OCALA, FL 34471-8101
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 1997
$495,000
First Avenue Properties INC
Dilorenzo,marcus J
Grant Deed
related
$1,400,000 · Southtrust Bank Florida NA
Dec 3, 1996
$495,000
Marcus J Dilorenzo
Barhoush Psp Trust
Grant Deed
$420,000 · Suntrust Bank North Central Fl
—
—
Frank F Reisner
—
Deed Of Trust
related
$431,635 · Suntrust Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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