Flex Industrial Office
For Sale
Contact for pricing
1115 SW 7th Rd, Ocala, FL 34471
5,600 SF flex building with office and warehouse space.
Property Size5,600 SF
Lot Size0.90 Acres
Price / SF$165.18
Days on Market98
Property Features for 1115 SW 7th Rd
General Information
Standard status
Active
Size
5,600 SF
Lot size
0.90 Acres
Property subtype
INDUSTRIAL
Listing Agency:
NAI Heritage | Ocala
(352) 482-0777
Listed By:
Randy Buss, CCIM, SIOR · License ##BK3105657
(352) 482-0777
Source:
Moodyscre
Added: May 22
Changed: Jul 10
Last Checked: Aug 26 at 12:51PM
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 NAI Heritage | Ocala
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 = 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
$64,240
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
6.94%
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%
$1,284,800
$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
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
$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 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%
$1,284,800
Cap Rate 7%
$917,714
Cap Rate 9%
$713,778
Alternative Uses
Best Use
Industrial
$917.7K
$803.0K – $1.07M
NOI $64,240 @ 7.0% cap · market cap 6.94%
Second Best
Flex RnD
$661.6K
$578.9K – $771.9K
NOI $46,314 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,062 @ 7.0% cap · market cap 23.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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)
