Multi-Building Flex
For Sale
$1,275,000
1706 N MAGNOLIA Avenue, Ocala, FL 34475
Commercial Sale, OCALA, FL
Property Size10,985 SF
Lot Size0.95 Acres
Price / SF$116.07
Days on Market153
Property Features for 1706 N MAGNOLIA Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B4
Subdivision
MARION HEIGHTS
Directions
From downtown Ocala, begin by heading north on NE 1st Ave. Continue straight and merge onto N Magnolia Ave for approximately 1.5 to 2 miles the property on your left-hand side.
Standard status
Active
APN
25792-000-00
Size
10,985 SF
Lot size
0.95 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 07 TWP 15 RGE 22 PLAT BOOK A PAGE 166 THE CENTRAL LAND CO S REVISED PLAT OF MARION HEIGHTS BLK 1 LOTS 4.5.6.7.8.9 EX S 23 FT OF E 150 FT EXC COM SE COR OF NE 1/4 TH N 00-16-20 E 1062.89 FT TH N 89-55-52 W 41.14 FT TO POB SAID PT BEING ON THE ARC OF A CIRCULAR CURVE CONCAVE SWLY TH N 89-55-52 W 2.55 FT TO A PT ON A CIRCULAR CURVE CONCAVE SWLY HAVING A RADIUS OF 729 FT AND A CENTRAL ANGLE OF 12-22-11 TH NWLY ALONG THE ARC OF SAID CURVE AN ARC DISTANCE 157.39 FT SUBTENDED BY A CHORD BEARING AND DISTANCE OF N 17-49-09 W 157.08 FT TO A PT ON THE N BDY LINE OF LOT 4 BLK 1 TH S 89-54-31 E 2.74 FT TO A PT ON W ROW LINE SAID PT BEING ON THE ARC OF A CIR- CULAR CURVE CONCAVE SWLY HAVING A RADIUS OF 731.50 FT AND A CENTRAL ANGLE OF 12-19-14 TH SEL
Tax Annual Amount
11460
Legal Description
SEC 07 TWP 15 RGE 22 PLAT BOOK A PAGE 166 THE CENTRAL LAND CO S REVISED PLAT OF MARION HEIGHTS BLK 1 LOTS 4.5.6.7.8.9 EX S 23 FT OF E 150 FT EXC COM SE COR OF NE 1/4 TH N 00-16-20 E 1062.89 FT TH N 89-55-52 W 41.14 FT TO POB SAID PT BEING ON THE ARC OF A CIRCULAR CURVE CONCAVE SWLY TH N 89-55-52 W 2.55 FT TO A PT ON A CIRCULAR CURVE CONCAVE SWLY HAVING A RADIUS OF 729 FT AND A CENTRAL ANGLE OF 12-22-11 TH NWLY ALONG THE ARC OF SAID CURVE AN ARC DISTANCE 157.39 FT SUBTENDED BY A CHORD BEARING AND DISTANCE OF N 17-49-09 W 157.08 FT TO A PT ON THE N BDY LINE OF LOT 4 BLK 1 TH S 89-54-31 E 2.74 FT TO A PT ON W ROW LINE SAID PT BEING ON THE ARC OF A CIR- CULAR CURVE CONCAVE SWLY HAVING A RADIUS OF 731.50 FT AND A CENTRAL ANGLE OF 12-19-14 TH SEL
Building Details
Year built
1985
Floors in Building
1
Building materials
Block
Listing Agency:
GUS GALLOWAY REALTY INC
(352) 622-8127
Listed By:
Charles White · License #3361501
(727) 207-8292
Added: Mar 30
Changed: Aug 19
Last Checked: Aug 29 at 4:06PM
MLS# OM721785
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 flex property brings together 10,985+/- SF across three block buildings, with office, showroom, warehouse, restroom, and roll-up-door components. Building 100 offers 2,805+/- SF, including approximately 900+/- SF of office/showroom area. Building 200 contains 3,080+/- SF arranged as three units, while Building 300 provides 5,100+/- SF across one larger unit and two smaller units. The improvements date to 1985.
Located at 1706 N Magnolia Avenue in Ocala, the property provides access to US 441/301 and US 27. The approximately 0.95-acre site is zoned B-4, and the source information identifies a mix of retail, service, and light industrial uses. The property includes existing tenants and vacancy, creating a configuration with both occupied and available space.
Located at 1706 N Magnolia Avenue in Ocala, the property provides access to US 441/301 and US 27. The approximately 0.95-acre site is zoned B-4, and the source information identifies a mix of retail, service, and light industrial uses. The property includes existing tenants and vacancy, creating a configuration with both occupied and available space.
Key Highlights
- 10,985+/- SF of flex retail/warehouse space across three buildings
- Approximately 0.95 acres zoned B‑4
- Building 100 totals 2,805+/- SF with approximately 900+/- SF of office/showroom space
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
$90,850
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
7.13%
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%
$1,817,000
$1.8M
Cap Rate 7%
$1,297,857
$1.3M
Cap Rate 9%
$1,009,444
$1.0M
Market Conditions
NOI Build-Up for 10,985 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
$151.6K $13.80/SF
− Vacancy
−$11.8K −$1.08/SF
EGI
$139.8K $12.72/SF
− OpEx
−$48.9K −$4.45/SF
NOI
$90.8K $8.27/SF
Area
Marion County, FL
Vacancy
7.80%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
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%
$1,817,000
Cap Rate 7%
$1,297,857
Cap Rate 9%
$1,009,444
Alternative Uses
Best Use
Warehouse
$2.19M
$1.91M – $2.55M
NOI $153,017 @ 7.0% cap · market cap 12.00%
Second Best
Industrial
$1.80M
$1.58M – $2.10M
NOI $126,014 @ 7.0% cap · market cap 9.88%
Theoretical Best
Office A
$6.00M
$5.25M – $7.00M
NOI $419,905 @ 7.0% cap · market cap 32.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34475, FL
14,780
Population
5,668
Households
2.6
Avg Household Size
38
Median Age
13%
College-Educated
84%
High-School Grad
27.8 sq mi
ZIP Area
532
Density / Sq Mi
$33,515
Median Household Income
$24,854
Median Earnings
$871
Median Rent
$170,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Three buildings combine office, showroom, and warehouse areas under B-4 zoning.
Where is this flex space located?
The property is located at 1706 N MAGNOLIA Avenue Ocala, FL.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 10,985+/- SF of flex retail/warehouse space across three buildings; Approximately 0.95 acres zoned B‑4; Building 100 totals 2,805+/- SF with approximately 900+/- SF of office/showroom space
