New Construction
For Sale
Under Contract
$397,000
14173 SW 60TH TERRACE, Ocala, FL 34473
Residential Income, OCALA, FL
Property Size2,254 SF
Lot Size0.25 Acres
Price / SF$176.13
Days on Market142
Property Features for 14173 SW 60TH TERRACE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RPUD
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Family Room, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 3
Interior features
Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s)
Exterior features
Balcony
Subdivision
MARION OAKS UN 09
Directions
Remove the SW when using Google Maps. Use this address: 14173 60th Terrace, Ocala, FL
Standard status
Active Under Contract
APN
8009-1274-32
Size
2,254 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SEC 17 TWP 17 RGE 21 PLAT BOOK O PAGE 164 MARION OAKS UNIT 9 BLK 1274 LOT 32
Tax Annual Amount
351
Legal Description
SEC 17 TWP 17 RGE 21 PLAT BOOK O PAGE 164 MARION OAKS UNIT 9 BLK 1274 LOT 32
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Private
Building Details
Year built
2025
Floors in Building
1
Number of units
1
Building materials
Stucco
Roof type
Shingle
Listing Agency:
PARK PLACE LENDING & INVESTMENTS INC
(925) 785-7700
Listed By:
Jim Park · License #3497600
(925) 785-7700
Added: Apr 13
Changed: Aug 26
Last Checked: Sep 1 at 5:06AM
MLS# O6398562
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.
Investment Insights
Based on property information with market context.
This duplex is under construction with a 2025 build year and 2254 square feet across two residential units. Each unit includes 2 bedrooms and 2 full bathrooms, along with an open floorplan, vaulted ceilings, modern kitchens, walk-in closets, and primary bedrooms on the main floor. Stucco construction, shingle roofing, central heating, central air, and a balcony are also specified.
The property occupies 0.25 acres in Marion Oaks, Ocala, with RPUD zoning and no HOA. Water is supplied privately, and wastewater service is provided by a septic tank. The location offers access to I-75 and major employment corridors.
The property occupies 0.25 acres in Marion Oaks, Ocala, with RPUD zoning and no HOA. Water is supplied privately, and wastewater service is provided by a septic tank. The location offers access to I-75 and major employment corridors.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 2 full bathrooms per unit
- 2254 square feet on a 0.25‑acre parcel
- 2025 construction with stucco exterior and shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,757
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$655,140
$655.1K
Cap Rate 7%
$467,957
$468.0K
Cap Rate 9%
$363,967
$364.0K
Market Conditions
NOI Build-Up for 2,254 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$63.6K $28.20/SF
− Vacancy
−$4.0K −$1.78/SF
EGI
$59.6K $26.42/SF
− OpEx
−$26.8K −$11.89/SF
NOI
$32.8K $14.53/SF
Area
Marion County, FL
Vacancy
6.30%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$655,140
Cap Rate 7%
$467,957
Cap Rate 9%
$363,967
Alternative Uses
Best Use
Apartment 5plus
$468.0K
$409.5K – $546.0K
NOI $32,757 @ 7.0% cap · market cap 8.25%
Second Best
Multifamily LT 5
$465.4K
$407.2K – $543.0K
NOI $32,577 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,160 @ 7.0% cap · market cap 21.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 34473, FL
21,548
Population
9,313
Households
2.3
Avg Household Size
43
Median Age
16%
College-Educated
89%
High-School Grad
35.8 sq mi
ZIP Area
602
Density / Sq Mi
$70,559
Median Household Income
$36,474
Median Earnings
$1,406
Median Rent
$242,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature open layouts, modern kitchens, vaulted ceilings, and central heating and cooling.
Where is this duplex located?
The property is located at 14173 SW 60TH TERRACE Ocala, FL.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 2 full bathrooms per unit; 2254 square feet on a 0.25‑acre parcel; 2025 construction with stucco exterior and shingle roof
