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    11408 N Magnolia Ave Ocala, FL 34475

    View on Map
    Sponsored
    For Sale
    $3,900,000

    Farm, Florida - OCALA, FL

    Type:Farm
    Property size:
    3,188 SF
    Lot size:
    28.62 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 21 at 3:06 am

    Property Features for 11408 N Magnolia Ave

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Security features
    Security Gate, Security System, Smoke Detector(s)
    Zoning
    A1
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Living Room
    Bedrooms
    4
    Bathrooms
    5
    APN
    0848-004-004
    Parking features
    Garage, Garage - Attached
    Pets allowed
    Yes
    Interior features
    Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Walk-in Closet(s), Window Treatments
    Exterior features
    Corner Lot, Paved, Courtyard, French Doors, Lighting, Sidewalk, Sliding Doors
    Fencing
    Gate
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Refrigerator, Refrigerator - Wine Storage, Washer
    Size
    3,188 SF
    Lot size
    28.62 Acres

    Utilities

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

    Building Details

    Year built
    2018
    Flooring type
    Tile
    Building materials
    Block, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Pamela Allen
    Pamela Allen

    Horse Capital Homes and Farms Realty

    Listing agent Pamela Allen License #3260112

    Listing date Mar 19, 2026

    MLS# OM713584 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

    Turnkey Ocala Equestrian Estate

    This 28-acre estate, located between Ocala and Gainesville, features a 2018 custom-built Triple Crown home. The property includes a three-bedroom, three-bath home offering a blend of luxury and comfort. A walled private garden provides a tranquil retreat with fruit trees, shrubs, and landscaping. The property is located within the equine subdivision of Cherokee River and Cardinal Hill. The Premier Stable is a block center aisle 13-stall barn with oversized stalls, wash stalls, tack room, storage, and feed, as well as designated run outs for some stalls. The stable also features a newly completed one-bedroom, one-and-a-half-bath apartment with its own dedicated outdoor living space. Equestrian amenities include a fenced grass arena, viewing gazebo, quarantine barn, and round pen. The property is being offered completely turnkey. The meticulously designed farm will appeal to every equine enthusiast.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.13899284
    Latitude
    29.31492377

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    FAQs

    What type of property is this?
    Horse & equestrian property - Luxury 28-acre equestrian estate between Ocala and Gainesville, Florida.
    Where is this horse & equestrian property located?
    The property is located at 11408 N Magnolia Ave Ocala, FL.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - Turnkey 28-acre equine estate in Cherokee River/Cardinal Hill, located between Ocala and Gainesville.; - Premier 13-stall block center aisle stable with wash stalls, tack room, storage, feed, and run outs.; - Newly completed, state-of-the-art one-bedroom apartment with 1 1/2 baths and dedicated outdoor living space within the stable.
    (352) 502-6160
    Request Owner's contact information
    11408 N Magnolia Ave Ocala, FL 34475
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    Ocala, FL 34475
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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
    11408 N Magnolia Ave Ocala, FL 34475
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    Listing Contact
    Pamela Allen
    Pamela Allen
    Real Estate License ID: 3260112
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