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    997 NW 63Rd Ct Ocala, FL 34482

    View on Map
    Sponsored
    For Sale
    $1,495,000

    Craftsman, Farm - OCALA, FL

    Type:Farm
    Property size:
    4,559 SF
    Lot size:
    6.19 Acres
    Days on Market:
    43
    Last Refresh:
    Mar 18 at 10:06 am

    Property Features for 997 NW 63Rd Ct

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Security features
    Gated Community, Smoke Detector(s)
    Zoning
    A3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Living Room
    Bedrooms
    4
    Bathrooms
    6
    APN
    21629-000-04
    Parking features
    Driveway, Garage, Garage - Attached, Golf Cart, Oversized
    Pets allowed
    Yes
    Interior features
    Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Central Vaccum, Crown Molding, Eat-in Kitchen, High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Vaulted Ceiling(s), Walk-in Closet(s), Wet Bar
    Exterior features
    Level, Paved, Fencing, Balcony, French Doors, Rain Gutters, Sidewalk, Storage
    Fencing
    Fenced, Gate
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Refrigerator - Wine Storage, Washer
    Size
    4,559 SF
    Lot size
    6.19 Acres

    Taxes and HOA fees

    Expense value
    92
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Central, Fireplace(s), Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Flooring type
    Carpet, Tile, Wood
    Building materials
    Cement Siding
    Roof type
    Shingle
    Architectural style
    Craftsman
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Tasha Osbourne
    Tasha Osbourne

    Golden Ocala Real Estate, Inc. (352) 369-6969

    Listing agent Tasha Osbourne (352) 369-6969 License #3304601

    Listing date Feb 3, 2026

    MLS# OM712282 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Equestrian Estate Near World Center

    This updated 6+ acre equestrian estate is located within the gated Saddlebrook Equestrian Park community. The property is positioned minutes from the World Equestrian Center. The farm has been improved with upgrades including a new roof (2024), well pump (2025), septic system and drain field (2025), and windows (2022). The home also features Icynene attic insulation. The property features fully fenced and cross-fenced pastures and a center-aisle 7-stall barn complete with a tack room and wide breezeways. Exterior stall doors open directly to turnout. A community bridle path circles the neighborhood, offering ride-out access. Inside, double entry doors open to a light-filled great room with soaring ceilings and pasture views. The island kitchen features granite countertops and stainless-steel appliances. Dual staircases enhance flow and architectural interest. Above the garage, a studio apartment offers flexibility and includes a full bath, dishwasher, sink, cabinetry, and a private balcony overlooking the farm. The property is located minutes from WEC and Golden Ocala.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.222749
    Latitude
    29.197028

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    FAQs

    What type of property is this?
    Horse & equestrian property - Updated 6+ acre equestrian estate in gated community near WEC.
    Where is this horse & equestrian property located?
    The property is located at 997 NW 63Rd Ct Ocala, FL.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: - Minutes from World Equestrian Center (WEC) - Prime location for equestrian enthusiasts.; - Gated Equestrian Community with Ride-Out Access - Offers security, privacy, and direct access to bridle paths.; - **Turn-Key Equestrian Estate** - Move-in ready with recent major upgrades: new roof (2024), well pump (2025), septic system (2025), windows (2022), and Icynene insulation.
    (352) 613-6613
    Request Owner's contact information
    997 NW 63Rd Ct Ocala, FL 34482
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    Ocala, FL 34482
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    997 NW 63Rd Ct Ocala, FL 34482
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    We can help!
    Listing Contact
    Tasha Osbourne
    Tasha Osbourne
    Real Estate License ID: 3304601
    (352) 613-6613 (352) 369-6969 (407) 480-5014
    Learn more
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