Climate-Controlled
For Sale
$955,000
483 NW 68TH Avenue, Ocala, FL 34482
Commercial Sale, OCALA, FL
Property Size4,000 SF
Lot Size1.00 Acre
Price / SF$238.75
Days on Market13
Property Features for 483 NW 68TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1
Security features
Security System
Subdivision
JO MAR AIRPORT INDUST CENT
Lot features
Cul-De-Sac
Directions
HWY 40 west to NW 68th Ave and turn right. Warehouse will be on right side just before cul-de-sac.
Standard status
Active
APN
23188-003-04
Size
4,000 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 17 TWP 15 RGE 21 PLAT BOOK Y PAGE 097 JO-MAR AIRPORT INDUSTRIAL CENTER BLK C LOT 4
Tax Annual Amount
4470
Legal Description
SEC 17 TWP 15 RGE 21 PLAT BOOK Y PAGE 097 JO-MAR AIRPORT INDUSTRIAL CENTER BLK C LOT 4
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Amenities
backup generator
security system
fiber internet
Building Details
Year built
1997
Floors in Building
1
Flooring type
Carpet, Concrete
Building materials
Metal Frame, Metal Siding
Roof type
Metal
Listing Agency:
COLDWELL BANKER ELLISON REALTY O · Coldwell Banker Real Estate
(352) 732-8350
Listed By:
Darla Priest · License #0476492
(352) 816-0887
Added: Aug 24
Changed: Sep 3
Last Checked: Sep 5 at 5:06PM
MLS# OM731043
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 4,000-square-foot metal warehouse occupies a secure, fenced 1-acre site and combines approximately 1,000 square feet of office area with 3,000 square feet of open warehouse space. The office area has central heating and air conditioning, while the warehouse includes two window air-conditioning units. Concrete and carpet flooring, a metal roof, and a central HVAC system support a functional commercial layout.
Recent property work includes exterior painting and roof resealing completed in 2024. Building infrastructure includes a backup generator, single-phase power, a camera-equipped security system, and high-speed Ocala fiber internet. The property uses SECO electric service, a private well, and septic. M1 zoning supports light industrial, warehouse, distribution, and commercial uses.
Recent property work includes exterior painting and roof resealing completed in 2024. Building infrastructure includes a backup generator, single-phase power, a camera-equipped security system, and high-speed Ocala fiber internet. The property uses SECO electric service, a private well, and septic. M1 zoning supports light industrial, warehouse, distribution, and commercial uses.
Key Highlights
- 4,000 SF metal warehouse on a full 1‑acre site
- Approximately 1,000 SF of office space and 3,000 SF of open warehouse area
- Exterior painting and roof resealing completed in 2024
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
$55,719
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
5.83%
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%
$1,114,380
$1.1M
Cap Rate 7%
$795,986
$796.0K
Cap Rate 9%
$619,100
$619.1K
Market Conditions
NOI Build-Up for 4,000 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
$68.6K $17.16/SF
− Vacancy
−$3.1K −$0.77/SF
EGI
$65.6K $16.39/SF
− OpEx
−$9.8K −$2.46/SF
NOI
$55.7K $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%
$1,114,380
Cap Rate 7%
$795,986
Cap Rate 9%
$619,100
Alternative Uses
Best Use
Warehouse
$796.0K
$696.5K – $928.7K
NOI $55,719 @ 7.0% cap · market cap 5.83%
Second Best
Industrial
$655.5K
$573.6K – $764.8K
NOI $45,886 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,901 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34482, FL
23,565
Population
9,553
Households
2.5
Avg Household Size
48
Median Age
22%
College-Educated
85%
High-School Grad
93.0 sq mi
ZIP Area
253
Density / Sq Mi
$71,449
Median Household Income
$37,492
Median Earnings
$861
Median Rent
$247,600
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.
Similar Off Market Nearby
- Public Storage — 6741 FL-40, Ocala, FL 34482
Frequently Asked Questions
What type of property is this?
Warehouse - Fenced industrial facility with dedicated office space, backup generation, and M1 zoning for light industrial operations.
Where is this warehouse located?
The property is located at 483 NW 68TH Avenue Ocala, FL.
What is the asking price?
The asking price for this property is $955,000.
What are key features of this property?
This property features: 4,000 SF metal warehouse on a full 1‑acre site; Approximately 1,000 SF of office space and 3,000 SF of open warehouse area; Exterior painting and roof resealing completed in 2024
