Fenced Flex Space with Solar
For Sale
$749,000
Pending
3347 SW 7TH Street, Ocala, FL 34474
CommercialSale, Ocala, FL
Property Size4,240 SF
Lot Size0.46 Acres
Days on Market26
Property Features for 3347 SW 7TH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1
Parking features
Driveway
Interior features
FirstFloorEntry
Exterior features
PavedDriveway
Subdivision
Not on List
Lot features
Cleared
Directions
from 200 L onto SW 38th Ct, R on sw38th Ct R SW 20th St, L onto SW 37th Ave property on left
Standard status
Pending
APN
1985595000
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 14 TWP 15 RGE 21 PLAT BOOK X PAGE 098 SOUTH FORTY IND PARK PHASE II BLK A LOT 4
Tax Annual Amount
6826
Legal Description
SEC 14 TWP 15 RGE 21 PLAT BOOK X PAGE 098 SOUTH FORTY IND PARK PHASE II BLK A LOT 4
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
conference room
employee lounge
Building Details
Year built
1979
Floors in Building
1
Flooring type
Tile
Building materials
Block, Concrete
Roof type
Shingle, Asphalt
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Justin Gothard · License #3504141
(352) 299-8241
Added: Jul 28
Changed: Aug 22
Last Checked: Aug 22 at 7:06PM
MLS# 856680
Copyright © 2026 REALTORS Association of Citrus County, Inc. 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 4,240-square-foot flex property combines professional office space with a heated and cooled warehouse area. The office layout includes a reception area, four private offices, a conference room, guest restroom, employee lounge, and staff restroom. The warehouse is served by two 8-foot ground-loading overhead doors. Block and concrete construction, tile flooring, central air, and electric heating are also included.
Set on 0.46 acres, the fully fenced property has gated parking for approximately 18 vehicles, a paved driveway, public water, and public sewer. The site is located in Ocala's State Road 40 Industrial Park, one mile from I-75, and is zoned M1. Three-phase power and a 22,000-watt solar system with battery backup capability are in place; the system currently participates in the City of Ocala's utility buyback program.
Set on 0.46 acres, the fully fenced property has gated parking for approximately 18 vehicles, a paved driveway, public water, and public sewer. The site is located in Ocala's State Road 40 Industrial Park, one mile from I-75, and is zoned M1. Three-phase power and a 22,000-watt solar system with battery backup capability are in place; the system currently participates in the City of Ocala's utility buyback program.
Key Highlights
- 4,240‑square‑foot flex property on 0.46 acres
- Two 8‑foot ground‑loading overhead doors
- Office layout includes four offices, conference room, reception, lounge, and two restrooms
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
$59,062
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
7.89%
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%
$1,181,240
$1.2M
Cap Rate 7%
$843,743
$843.7K
Cap Rate 9%
$656,244
$656.2K
Market Conditions
NOI Build-Up for 4,240 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
$72.8K $17.16/SF
− Vacancy
−$3.3K −$0.77/SF
EGI
$69.5K $16.39/SF
− OpEx
−$10.4K −$2.46/SF
NOI
$59.1K $13.93/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
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%
$1,181,240
Cap Rate 7%
$843,743
Cap Rate 9%
$656,244
Alternative Uses
Best Use
Office B
$1.57M
$1.37M – $1.83M
NOI $109,647 @ 7.0% cap · market cap 14.64%
Second Best
Warehouse
$843.7K
$738.3K – $984.4K
NOI $59,062 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,075 @ 7.0% cap · market cap 21.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34474, FL
17,781
Population
9,207
Households
1.9
Avg Household Size
41
Median Age
31%
College-Educated
93%
High-School Grad
21.0 sq mi
ZIP Area
847
Density / Sq Mi
$62,150
Median Household Income
$36,422
Median Earnings
$1,605
Median Rent
$177,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - M1-zoned commercial space combines professional offices with heated and cooled warehouse accommodation.
Where is this flex space located?
The property is located at 3347 SW 7TH Street Ocala, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 4,240‑square‑foot flex property on 0.46 acres; Two 8‑foot ground‑loading overhead doors; Office layout includes four offices, conference room, reception, lounge, and two restrooms
