Flex Building With Garage
For Sale
$475,000
Pending
10858 SW 91ST Avenue, Ocala, FL 34481
Commercial Sale, OCALA, FL
Property Size3,200 SF
Lot Size0.23 Acres
Days on Market134
Property Features for 10858 SW 91ST Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B5
Subdivision
COMPLEX 200
Directions
From SR 200 and I75 head South East to SW 91st Ave Porperty on the right.
Standard status
Pending
APN
35300-030-07
Size
3,200 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 26 TWP 16 RGE 20 PLAT BOOK X PAGE 054 COMPLEX TWO HUNDRED LOT 7
Tax Annual Amount
3303
Legal Description
SEC 26 TWP 16 RGE 20 PLAT BOOK X PAGE 054 COMPLEX TWO HUNDRED LOT 7
Amenities
grade-level garage bays
office
restrooms
on-site parking
Building Details
Year built
1985
Floors in Building
1
Building materials
Block
Listing Agency:
GUS GALLOWAY REALTY INC
(352) 622-8127
Listed By:
Nolan Galloway, III · License #BK3057213
(352) 572-9109
Added: Apr 16
Changed: Aug 24
Last Checked: Aug 27 at 2:06PM
MLS# OM722950
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 3,200-square-foot flex property in Southwest Ocala combines multiple grade-level garage bays with workspace, a small office, restrooms, and supporting areas. Block construction and a 1985 build date are documented, while the layout accommodates garage-oriented and general commercial functions within one facility.
The property occupies 0.23 acres at 10858 SW 91st Avenue and includes on-site parking with convenient ingress and egress. Its corridor setting provides access to major thoroughfares. B-5 zoning, identified as Heavy Business, supports a range of commercial and light industrial applications, including automotive, service, storage, contractor, and flex-space uses.
The property occupies 0.23 acres at 10858 SW 91st Avenue and includes on-site parking with convenient ingress and egress. Its corridor setting provides access to major thoroughfares. B-5 zoning, identified as Heavy Business, supports a range of commercial and light industrial applications, including automotive, service, storage, contractor, and flex-space uses.
Key Highlights
- 3,200 SF flex building with multiple grade‑level garage bays
- 0.23‑acre site at 10858 SW 91st Avenue, Ocala, FL 34481
- B‑5 zoning identified as Heavy Business
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
$36,709
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
7.73%
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%
$734,180
$734.2K
Cap Rate 7%
$524,414
$524.4K
Cap Rate 9%
$407,878
$407.9K
Market Conditions
NOI Build-Up for 3,200 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
$54.9K $17.16/SF
− Vacancy
−$2.5K −$0.77/SF
EGI
$52.4K $16.39/SF
− OpEx
−$15.7K −$4.92/SF
NOI
$36.7K $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%
$734,180
Cap Rate 7%
$524,414
Cap Rate 9%
$407,878
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.34M
NOI $80,484 @ 7.0% cap · market cap 16.94%
Second Best
Industrial
$524.4K
$458.9K – $611.8K
NOI $36,709 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,321 @ 7.0% cap · market cap 25.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34481, FL
23,097
Population
14,183
Households
1.6
Avg Household Size
69
Median Age
29%
College-Educated
94%
High-School Grad
69.2 sq mi
ZIP Area
334
Density / Sq Mi
$54,639
Median Household Income
$30,917
Median Earnings
$1,154
Median Rent
$213,000
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.
Frequently Asked Questions
What type of property is this?
Flex space - B-5 zoning supports commercial and light industrial operations.
Where is this flex space located?
The property is located at 10858 SW 91ST Avenue Ocala, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,200 SF flex building with multiple grade‑level garage bays; 0.23‑acre site at 10858 SW 91st Avenue, Ocala, FL 34481; B‑5 zoning identified as Heavy Business
