Listing Agency: NAI Heritage | Ocala

Listed By: Randy Buss, CCIM, SIOR · License ##BK3105657 Show Phone

Source: Moodyscre

Added: May 22 Changed: Jul 10 Last Checked: Oct 11 at 5:39AM

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Investment Insights

Based on property information with market context.

This is a 5,600 square foot flex industrial office building situated in an M1 zoning area. The layout includes approximately 2,600 square feet of office space, which incorporates a 1,000 square foot data center, alongside approximately 3,000 square feet of warehouse space. A 10-foot by 11-foot roll-up door is present, complemented by a 3-foot truck dock. The property is equipped with a 22KW standby generator. It features a 0.49-acre primary parcel that is fully fenced, in addition to a 0.41-acre adjacent parcel, also fully fenced, which serves as a satellite yard. The property is located adjacent to a CSX rail line and includes a rear platform. City water is available, and the property utilizes an on-site septic system. Flexible occupancy options are available, with partial or full availability possible on or before October 1, 2026. The property is also listed for lease.

Key Highlights

• ±5,600 SF Flex Industrial Office building in M1 Zoning
• Boasts ±2,600 SF office (including ±1,000 SF data center) & ±3,000 SF warehouse
• Benefit from ±0.49‑acre fully fenced primary parcel & ±0.41‑acre fully fenced adjacent parcel (satellite yard)

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,240

Cap Rate

6.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,284,800 $1.3M

Cap Rate 7%

$917,714 $917.7K

Cap Rate 9%

$713,778 $713.8K

Market Conditions

NOI Build-Up for 5,600 SF

Gross rent

$96.1K $17.16/SF

− Vacancy

−$4.3K −$0.77/SF

EGI

$91.8K $16.39/SF

− OpEx

−$27.5K −$4.92/SF

NOI

$64.2K $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 Rate 5%

$1,284,800

Cap Rate 7%

$917,714

Cap Rate 9%

$713,778

Alternative Uses

Best Use

Industrial

$917.7K

$803.0K – $1.07M (±1% cap)

NOI $64,240 @ 7.0% cap · market cap 6.94%

Second Best

Flex RnD

$661.6K

$578.9K – $771.9K (±1% cap)

NOI $46,314 @ 7.0% cap · market cap 5.01%

Theoretical Best

Office A

$3.06M

$2.68M – $3.57M (±1% cap)

NOI $214,062 @ 7.0% cap · market cap 23.14%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Storage Facility (Bike/Boat/Book/etc) Store Locksmith Cafe & Coffee Shop Tanning Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,985

Businesses Nearby

Well-served

Demand for This Use

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 Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - 5,600 SF flex building with office and warehouse space.

Where is this flex space located?

The property is located at 1115 SW 7th Rd Ocala, FL.

What is the asking price?

The asking price for this property is $925,000.

What are key features of this property?

This property features: ±5,600 SF Flex Industrial Office building in M1 Zoning; Boasts ±2,600 SF office (including ±1,000 SF data center) & ±3,000 SF warehouse; Benefit from ±0.49‑acre fully fenced primary parcel & ±0.41‑acre fully fenced adjacent parcel (satellite yard)