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Property profile & analytics

202 8Th Ave Ocala, FL 34470

  • Commercial real estate
  • 5,747 SF
  • 0.96 lot acres
For Sale
Last Sale
Mar 19, 2020
$750,000
Value Estimations
Cap Rate Potential
9.9%
Commercial real estate
Location Intelligence
Property ID
US18-3020968
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

  • Axiom Builders of Florida / Plumbing Service / General Contractor
  • Little Black Mask Media, LLC / Marketing & Advertising / Advertising Agency
  • Sentinel Tax Relief / Tax Preparation
  • Priess King & Company / Accounting Firm / Tax Preparation
  • Ocala Home Maintenance / Hardware & Home Improvement / General Contractor

Property Details for 202 8Th Ave

Year built
1985
Construction
STEEL FRAME
Lot size
0.96 lot acres
Property size
5,747 SF
Zone code
RO
Property type
Commercial real estate
APN
2820-045-008
APU
2820045008

Description

This exceptional 5,940 square foot commercial office building presents a compelling investment opportunity in Ocala's vibrant Historic District. Strategically located within a designated Opportunity Zone, this property offers significant tax advantages for savvy investors. The building boasts nine individual offices, providing ample space for a variety of businesses or potential subleasing opportunities. Two well-appointed conference rooms facilitate productive meetings and collaborations. Conveniently located, the building includes nineteen parking spaces, a significant asset in a bustling downtown area. Restroom facilities are thoughtfully distributed, with two located downstairs and one upstairs. Adding to its versatility, one office features a built-in wet bar, perfect for informal gatherings or client presentations. The property also includes an additional building site, presenting exciting possibilities for future expansion or development. Its prime location offers easy access to a diverse range of local amenities, including restaurants, boutiques, and public transportation, enhancing its appeal to both employees and clients. This is a rare opportunity to acquire a well-maintained, centrally located commercial property in a thriving downtown area, offering substantial potential for growth and return on investment. The 0.96-acre lot provides ample space and potential for future development. The combination of prime location, attractive features, and Opportunity Zone benefits makes this a truly exceptional investment prospect.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $730,000
    ML approach
    $705,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $820,000
    Market price range: $328k - $1.03M
    AI Estimate
    $579,000
    Market price range: $233k - $795k

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


Location Insight

  • Map
  • Local Demand
City
Ocala
County
Marion
State
Florida
Longitude
-82.1302
Latitude
29.1889
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
$12,057
$83,636
$519,933
$603,569
-
$83,636
$527,442
$611,078
More about this property
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