Remodeled Quadplex with Metal
For Sale
$599,900
1-4-5200 Se 31st St, Ocala, FL 34471
Four updated units include granite countertops, stainless steel appliances, and one move-in-ready residence.
Property Size3,782 SF
Price / SF$158.62
Days on Market39
Property Features for 1-4-5200 Se 31st St
General Information
Standard status
Active
Size
3,782 SF
Property subtype
Residential Income
Occupancy
75%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,801
Listing Agency:
TRANS GLOBAL REALTY, INC
(954) 735-4000
Listed By:
Eric Nathanson · License #656248
(954) 735-4000
Source:
Exprealty
Added: Jul 20
Changed: Aug 21
Last Checked: Aug 26 at 12:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TRANS GLOBAL REALTY, INC
Investment Insights
Based on property information with market context.
This 3,782-square-foot quadplex contains four fully remodeled units with new interior finishes and improvements. Each unit features granite countertops and stainless steel appliances, while the property also has a new metal roof. Three units are currently rented, and the remaining unit is available and move-in ready.
Located at 1-4-5200 SE 31st St in Ocala, Florida, the property offers a four-unit configuration with an established rental component and one available unit. The layout supports continued occupancy across the building while preserving flexibility for the open residence.
Located at 1-4-5200 SE 31st St in Ocala, Florida, the property offers a four-unit configuration with an established rental component and one available unit. The layout supports continued occupancy across the building while preserving flexibility for the open residence.
Key Highlights
- 3,782 SF quadplex with 4 units
- All 4 units fully remodeled
- Granite countertops and stainless steel appliances
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
$54,963
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
9.16%
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%
$1,099,260
$1.1M
Cap Rate 7%
$785,186
$785.2K
Cap Rate 9%
$610,700
$610.7K
Market Conditions
NOI Build-Up for 3,782 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
$106.7K $28.20/SF
− Vacancy
−$6.7K −$1.78/SF
EGI
$99.9K $26.42/SF
− OpEx
−$45.0K −$11.89/SF
NOI
$55.0K $14.53/SF
Area
Marion County, FL
Vacancy
6.30%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,099,260
Cap Rate 7%
$785,186
Cap Rate 9%
$610,700
Alternative Uses
Best Use
Apartment 5plus
$785.2K
$687.0K – $916.1K
NOI $54,963 @ 7.0% cap · market cap 9.16%
Second Best
Multifamily LT 5
$780.9K
$683.3K – $911.0K
NOI $54,660 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,568 @ 7.0% cap · market cap 24.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 34471, FL
27,632
Population
12,071
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
93%
High-School Grad
19.8 sq mi
ZIP Area
1,396
Density / Sq Mi
$60,283
Median Household Income
$37,565
Median Earnings
$1,225
Median Rent
$292,200
Median Home Value
Market
Vacancy Rate% for Multifamily 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?
Quadplex - Four updated units include granite countertops, stainless steel appliances, and one move-in-ready residence.
Where is this quadplex located?
The property is located at 1-4-5200 Se 31st St Ocala, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 3,782 SF quadplex with 4 units; All 4 units fully remodeled; Granite countertops and stainless steel appliances
