Freestanding Hibachi
For Sale
$2,500,000
4714 SW COLLEGE Road, Ocala, FL 34474
Commercial Sale, OCALA, FL
Property Size6,587 SF
Lot Size1.08 Acres
Price / SF$379.54
Days on Market311
Property Features for 4714 SW COLLEGE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Subdivision
HEATHBROOK NORTH B-2
Directions
From Interstate 75, take Exit 350 for SR-200/SW College Road and head east toward Ocala. Continue approximately half a mile, and the property at 4714 SW College Road will be on your right-hand side, conveniently located along Ocala's main commercial corridor with excellent visibility and easy highway access.
Standard status
Active
APN
23874-000-06
Size
6,587 SF
Lot size
1.08 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SEC 34 TWP 15 RGE 21 PLAT BOOK 009 PAGE 149 HEATH BROOK NORTH B-2 PARCEL 6
Tax Annual Amount
27080
Legal Description
SEC 34 TWP 15 RGE 21 PLAT BOOK 009 PAGE 149 HEATH BROOK NORTH B-2 PARCEL 6
Utilities
Cooling system
Central Air
Building Details
Year built
2008
Floors in Building
1
Building materials
Block, Concrete
Listing Agency:
BOSSHARDT REALTY SERVICES LLC
(352) 371-6100
Listed By:
Eric Ligman · License #3086548
(352) 256-2112
Added: Oct 23, 2025
Changed: Aug 23
Last Checked: Aug 29 at 2:06PM
MLS# GC534942
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 freestanding restaurant occupies a 6,587-square-foot building completed in 2008 on 1.08 acres. The improvements include 10+ hibachi cooking stations, a full-service bar, and a commercial kitchen equipped with walk-in coolers and freezers. Furniture, fixtures, and equipment are included, supporting continued restaurant operations without separating the existing components.
The property is positioned on SW College Road in Ocala, near West Marion Community Hospital and Interstate 75. On-site parking, central air, and block and concrete construction are among the property’s existing physical features. B2 zoning is also associated with the site.
The property is positioned on SW College Road in Ocala, near West Marion Community Hospital and Interstate 75. On-site parking, central air, and block and concrete construction are among the property’s existing physical features. B2 zoning is also associated with the site.
Key Highlights
- 6,587‑square‑foot freestanding restaurant on 1.08 acres
- 10+ hibachi cooking stations
- Full‑service bar and commercial kitchen
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
$79,804
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
3.19%
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%
$1,596,080
$1.6M
Cap Rate 7%
$1,140,057
$1.1M
Cap Rate 9%
$886,711
$886.7K
Market Conditions
NOI Build-Up for 6,587 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
$112.2K $17.04/SF
− Vacancy
−$5.8K −$0.89/SF
EGI
$106.4K $16.15/SF
− OpEx
−$26.6K −$4.04/SF
NOI
$79.8K $12.12/SF
Area
Marion County, FL
Vacancy
5.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,596,080
Cap Rate 7%
$1,140,057
Cap Rate 9%
$886,711
Alternative Uses
Best Use
Specialty Retail
$1.14M
$997.6K – $1.33M
NOI $79,804 @ 7.0% cap · market cap 3.19%
Second Best
Industrial
$1.08M
$944.5K – $1.26M
NOI $75,563 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$3.60M
$3.15M – $4.20M
NOI $251,790 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
446
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 Retail 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?
Conventional restaurant - Fully equipped restaurant with hibachi stations, bar, commercial kitchen, and on-site parking.
Where is this conventional restaurant located?
The property is located at 4714 SW COLLEGE Road Ocala, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 6,587‑square‑foot freestanding restaurant on 1.08 acres; 10+ hibachi cooking stations; Full‑service bar and commercial kitchen
