Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space Near Interstate 75 Title is generated by Realmo AI

    1138 NW 27th Ave, Ocala, FL

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Retail space available for sale or lease near I-75.

    Type:RETAIL
    Property size:
    20,295 SF
    Lot size:
    17.56 Acres
    Added:
    Mar 18, 2021
    Days on Market:
    1906
    Last Refresh:
    May 20 at 9:01 pm

    Property Features for 1138 NW 27th Ave

    General Information

    Standard status
    Active
    Size
    20,295 SF
    Lot size
    17.56 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 1138 NW 27th Ave Contact us

    We can help!

    Listing Contact
    Alex Justice
    Alex Justice

    Listing agent Alex Justice License #SAL.2023006147

    Listing office Goodman Real Estate

    Listing date Mar 18, 2021

    Source Moodyscre

    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 Goodman Real Estate

    HighLights

    • High traffic location: Over 30,000 vehicles passing the site daily.
    • Proximity to major employers: Less than five miles from Florida Hospital Ocala, Ocala Health, Walmart, Sitel, Cheney Brothers, and Custom Window Systems.
    • Anchor space available: Up to 20,295 SF.
    • Located less than one mile off Interstate 75.
    • Join established retailers: Rural King and 7‑Eleven (coming 2021).
    • Outlots available: 0.5 to 1.52 AC.

    Overview

    This retail property offers space for sale or lease, joining Rural King and a 7-Eleven scheduled to open in 2021. The location is less than one mile from Interstate 75 and in proximity to restaurants, hotels, and industrial manufacturers. Several major Ocala employers, including Florida Hospital Ocala, Ocala Health, Walmart, Sitel, Cheney Brothers, and Custom Window Systems, are within five miles. Situated on the corner of NW 10th Street and NW 27th Avenue, the site benefits from a daily traffic volume exceeding 30,000 vehicles. The anchor space provides up to 20,295 square feet, while small shop spaces offer a minimum of 1,200 square feet with a 60-foot depth. Outlots range from 0.5 to 1.52 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.1689
    Latitude
    29.1989

    Nearby Similar for Sale

    • $569,000
      2,273 SF

      Downtown Ocala Mixed-Use Commercial Property

      Versatile property in the heart of Ocala's thriving downtown.
      44 SE 9TH TERRACE, OCALA, FL 34471
      View Details
    • $1,100,000
      5,725 SF

      Established Hardware Store with Income

      Turn-key hardware store with real estate and rental income.
      9594 SE MARICAMP ROAD, OCALA, FL 34472
      View Details
    • $999,000
      4,700 SF

      Professional Office Space in Ocala

      4,700 SF office ideal for medical or professional use.
      3235 SW 34TH STREET, OCALA, FL 34474
      View Details
    • $1,400,000
      10,985 SF

      Ocala Flex Retail/Warehouse Space

      Flex retail/warehouse space in Ocala with excellent connectivity.
      1706 N MAGNOLIA AVENUE, OCALA, FL 34475
      View Details
    • $399,000
      1,520 SF

      Downtown Ocala Office Opportunity

      Strategic downtown location suitable for redevelopment or small business.
      514 SW 2ND AVENUE, OCALA, FL 34471
      View Details
    • $425,000
      3,083 SF

      Ocala Commercial Repurposing Opportunity

      High-visibility corner lot suitable for redevelopment or repurposing.
      1327 E SILVER SPRINGS BOULEVARD, OCALA, FL 34470
      View Details
    • $699,900
      7,500 SF

      Ocala Warehouse with Multiple Bays

      7500 sq ft warehouse with 10 bays in Ocala.
      3721 NE 44TH STREET, OCALA, FL 34479
      View Details
    • $475,000
      3,200 SF

      Versatile Commercial Building in Ocala

      3,200 SF commercial building with B-5 zoning in Ocala.
      10858 SW 91ST AVENUE, OCALA, FL 34481
      View Details
    • $1,295,000

      Ocala Warehouse/Shop with Showroom

      Warehouse/shop with showroom in Ocala, Marion County, Florida.
      1811 N Pine Avenue, Ocala, FL 34475
      View Details
    • $589,000
      3,417 SF

      Ocala Quadruplex: Investor Opportunity

      Four units, generating approximately $5,443 monthly. Upside potential.
      2950 SE 53RD COURT, OCALA, FL 34480
      View Details
    • $475,000
      2,695 SF

      Income-Producing Ocala Quadruplex For Sale

      Four-unit multifamily property with cash flow and value-add potential.
      34 NW 21ST PLACE, OCALA, FL 34475
      View Details
    • $1,495,000
      2,714 SF

      Ocala Mini-Farm Near WEC

      Updated mini-farm with pool, barn, and paddocks near WEC.
      6957 NW 54TH LOOP, OCALA, FL 34482
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available for sale or lease near I-75.
    Where is this shopping center located?
    The property is located at 1138 NW 27th Ave Ocala, FL.
    What are key features of this property?
    This property features: High traffic location: Over 30,000 vehicles passing the site daily.; Proximity to major employers: Less than five miles from Florida Hospital Ocala, Ocala Health, Walmart, Sitel, Cheney Brothers, and Custom Window Systems.; Anchor space available: Up to 20,295 SF.
    (216) 342-9318 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alex Justice
    Alex Justice
    Real Estate License ID: SAL.2023006147
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1138 NW 27th Ave, Ocala, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!