Highway Frontage Automotive Repair
7745 W HIGHWAY 40 Ocala, FL 34482
For Sale
$949,000
Commercial property with automotive shop on heavily trafficked highway.
Property Size2,744 SF
Lot Size0.44 Acres
Price / SF$345.85
Days on Market776
Property Features for 7745 W HIGHWAY 40
General Information
Standard status
Active
Size
2,744 SF
Lot size
0.44 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1974
Listing Agency:
SHOWCASE PROPERTIES OF CENTRAL
(352) 207-8030
Listed By:
Robert Harden · License #615765
(352) 207-8030
Source:
Exitrealty
Added: Jun 12, 2024
Changed: Jul 6
Last Checked: Jul 27 at 7:05AM
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 SHOWCASE PROPERTIES OF CENTRAL
Investment Insights
Based on property information with market context.
This commercial property, situated on just under half an acre along Highway 40, is zoned B-2 and offers a variety of potential uses. The property features just under 100 feet of road frontage along the highway. Currently, there is a 2,700+ square foot building with an air-conditioned office and three roll-up doors, serving as an automotive repair shop. A paved parking lot with ample space is located in front of the shop. East-bound traffic can easily access the property via a nearby median split, despite a median on this section of the highway. The location is near the Ocala International Airport, Ocala Breeder’s Sales, and the World Equestrian Center.
Key Highlights
- High‑traffic location on Highway 40.
- B‑2 zoning allows for a variety of commercial uses.
- 2,700+ sq ft building with air‑conditioned office and three roll‑up doors.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.7k | $37.08 |
| − Vacancy | −$3.2k | −$1.15 |
| EGI | $98.6k | $35.93 |
| − OpEx | −$29.6k | −$10.78 |
| NOI | $69.0k | $25.15 |
2,744 SF · lease $37.08/SF/yr · vacancy 3.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$985.9K
$862.7K – $1.15M
NOI $69,015 @ 7.0% cap · market cap 7.27%
Second Best
Industrial
$449.7K
$393.5K – $524.6K
NOI $31,478 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,890 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Wang's Garage — 7745 FL-40 Unit #2, Ocala, FL 34482
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property with automotive shop on heavily trafficked highway.
Where is this auto shop located?
The property is located at 7745 W HIGHWAY 40 Ocala, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: High‑traffic location on Highway 40.; B‑2 zoning allows for a variety of commercial uses.; **2,700+ sq ft building with air‑conditioned office and three roll‑up doors.**
