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    10516 SW 27Th Ave Ocala, FL 34476

    View on Map
    Sponsored
    For Sale
    $1,399,000

    Farm, Traditional - OCALA, FL

    Type:Farm
    Property size:
    3,369 SF
    Lot size:
    6.03 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 14 at 12:06 am

    Property Features for 10516 SW 27Th Ave

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Security features
    Gated Community, Security Gate, Security Lighting, Security System, Smoke Detector(s)
    Zoning
    A1
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    3
    APN
    35770-048-02
    Parking features
    Garage, Garage - Attached, Oversized
    Pets allowed
    Cats OK, Dogs OK, Yes
    Interior features
    Cathedral Ceiling(s), Ceiling Fans(s), Central Vaccum, Coffered Ceiling(s), Open Floorplan, Pest Guard System, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Paved, Fencing, Lighting, Rain Gutters, Sliding Doors, Security Lights
    Fencing
    Fenced, Gate
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer, Water - Softener
    Size
    3,369 SF
    Lot size
    6.03 Acres

    Taxes and HOA fees

    Expense value
    200
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Electric (Heating), Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Flooring type
    Tile
    Building materials
    Stucco
    Roof type
    Shingle
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Liz Gray

    Showcase Properties of Central Florida (352) 351-4718

    Listing agent Liz Gray (352) 351-4718 License #3450675

    Listing date Mar 13, 2026

    MLS# OM720457 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Ocala Equestrian Farm with Barn

    Located within the gated equestrian community of Lexington Downs, this farm spans over 6 acres. The property is situated on a spacious corner lot, fenced and gated with white four-board fencing. Mature landscaping and lush yards enhance the curb appeal of the 4-bedroom, 3-bath home. The interior features high ceilings, large windows, elegant pillars, and porcelain tile flooring. The kitchen is equipped with solid wood cabinetry, quartz countertops, stainless steel appliances, tiled backsplash, a breakfast bar, and a breakfast nook with arched windows. Both the family room and the main living area include floor-to-ceiling fireplaces. The primary suite features a seating area overlooking the patio and farm, a walk-in closet with a maple closet system, and an updated en-suite with a walk-in shower with dual shower heads and dual vanities. Additional spaces include a laundry room, a flex-room used as a home gym, and an oversized garage for two vehicles and a golf cart. The back of the home features a screen-enclosed lanai and an expansive patio. A custom 4-stall center-aisle barn includes adjustable stall dividers, a feed room, a tongue-and-groove lined tack room with built-in cabinetry and counter space, and a wash rack with hot-water. Four paddocks are established throughout the property. The property is located near the Florida Horse Park and the Cross Florida Greenway’s trails, and a short drive from Downtown Ocala's amenities and I-75. The property size is 3369 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Real Estate Agency Garden Center Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.174331
    Latitude
    29.071078

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    FAQs

    What type of property is this?
    Horse & equestrian property - 6+ acre farm in gated community near Florida Horse Park.
    Where is this horse & equestrian property located?
    The property is located at 10516 SW 27Th Ave Ocala, FL.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: - Prime equestrian location: Gated community in Lexington Downs, 5 minutes from Florida Horse Park and Cross Florida Greenway trails.; - Turn-key equestrian facilities: Includes a custom 4-stall center-aisle barn with feed room, tack room, wash rack, and 4 paddocks.; - Spacious and updated home: 4 bedrooms, 3 baths with high ceilings, large windows, porcelain tile, and updated primary suite with walk-in closet and en-suite bathroom.
    (352) 351-4718
    Request Owner's contact information
    10516 SW 27Th Ave Ocala, FL 34476
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    Ocala, FL 34476
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    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
    10516 SW 27Th Ave Ocala, FL 34476
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    We can help!
    Listing Contact
    Liz Gray
    Real Estate License ID: 3450675
    (352) 351-4718 (502) 314-8055
    Learn more
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