Ocala Industrial Asset For
For Sale
Contact for pricing
1031 Northeast 16th Street, Ocala, FL 34470
15,000 sq ft industrial asset in central Ocala.
Property Size15,000 SF
Lot Size1.32 Acres
Price / SF$126.60
Days on Market85
Property Features for 1031 Northeast 16th Street
General Information
Standard status
Active
Size
15,000 SF
Class
B
Lot size
1.32 Acres
Property subtype
Industrial
Zoning
M1
Lease Type
NNN
Building Details
Year Built
1986
Year Renovated
2011
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Wiechens Realty, Inc.
(352) 817-6474
Listed By:
Sandon Wiechens · License #FL BK614535
Source:
Crexi
Added: May 21
Changed: Aug 10
Last Checked: Aug 12 at 12:15PM
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 Wiechens Realty, Inc.
Investment Insights
Based on property information with market context.
This 15,000-square-foot industrial asset is situated on a 1.32-acre parcel in central Ocala. The property is zoned M-1 (Light Industrial), suitable for various manufacturing, distribution, and commercial uses. Located within a Federal Opportunity Zone, the property offers potential tax incentives. The facility is perimeter-insulated and features heavy-duty 3-phase/240 power, dual dock-high doors, and a ground-level loading bay. The interior includes a manufacturing and production zone with a 20-foot wall height, warehouse service space, an open training or assembly room, and dedicated office space. A core portion of the building has reinforced concrete block walls with a heavy-duty girder system. Additionally, a 3,100-square-foot mezzanine storage area maximizes vertical capacity. The exterior includes an asphalt lay down yard and concrete pads for parking, fleet storage, or truck maneuvering. The perimeter features a commercial chain-link fence, retaining walls, and security doors on the entry/exit points. Located near major Ocala thoroughfares and 5 miles from I-75, the property offers logistical positioning and access to transportation arteries.
Key Highlights
- M‑1 zoning allows for diverse uses.
- Located in a Federal Opportunity Zone, offering significant tax incentives.
- 15,000 sq ft ground‑floor footprint on 1.32 acres** with versatile interior layout.
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
$172,072
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
9.06%
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%
$3,441,440
$3.4M
Cap Rate 7%
$2,458,171
$2.5M
Cap Rate 9%
$1,911,911
$1.9M
Market Conditions
NOI Build-Up for 15,000 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
$257.4K $17.16/SF
− Vacancy
−$11.6K −$0.77/SF
EGI
$245.8K $16.39/SF
− OpEx
−$73.7K −$4.92/SF
NOI
$172.1K $11.47/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
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%
$3,441,440
Cap Rate 7%
$2,458,171
Cap Rate 9%
$1,911,911
Alternative Uses
Best Use
Warehouse
$2.98M
$2.61M – $3.48M
NOI $208,944 @ 7.0% cap · market cap 11.00%
Second Best
Industrial
$2.46M
$2.15M – $2.87M
NOI $172,072 @ 7.0% cap · market cap 9.06%
Theoretical Best
Office A
$8.19M
$7.17M – $9.56M
NOI $573,379 @ 7.0% cap · market cap 30.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 34470, FL
20,483
Population
10,121
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
13.4 sq mi
ZIP Area
1,529
Density / Sq Mi
$49,592
Median Household Income
$36,957
Median Earnings
$1,124
Median Rent
$171,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 15,000 sq ft industrial asset in central Ocala.
Where is this manufacturing property located?
The property is located at 1031 Northeast 16th Street Ocala, FL.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: M‑1 zoning allows for diverse uses.; Located in a Federal Opportunity Zone, offering significant tax incentives.; 15,000 sq ft ground‑floor footprint on 1.32 acres** with versatile interior layout.
