Building Details

Building Size 12,718 SF

Year Built 1978

Stories 1

Listing Agency: Homerun Realty, LLC

Listed By: Nicholas Weitlauf · License #3465179 Show Phone

Source: Elliman

Added: Mar 11 Changed: Oct 2 Last Checked: Oct 7 at 1:02PM

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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 Homerun Realty, LLC

Investment Insights

Based on property information with market context.

This multi-tenant commercial property presents an opportunity to acquire an income-producing asset in a high-traffic area with excellent visibility. The property includes a self-storage operation, street-facing retail storefront space, and a convertible warehouse with loading dock access. The property is zoned B-5, and additional adjacent B-2 zoned parcels are included, offering expansion or redevelopment potential. Two billboards on the property provide additional income. The location offers high visibility and signage opportunities, making it suitable for investors seeking diverse revenue streams.

Key Highlights

• Income‑producing commercial property with diverse revenue streams (self‑storage, retail, billboards).
• High‑traffic location with excellent visibility.
• Includes additional adjacent B‑2 zoned parcels, offering expansion or redevelopment potential.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$177,157

Cap Rate

7.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,543,140 $3.5M

Cap Rate 7%

$2,530,814 $2.5M

Cap Rate 9%

$1,968,411 $2.0M

Market Conditions

NOI Build-Up for 12,718 SF

Gross rent

$218.2K $17.16/SF

− Vacancy

−$9.8K −$0.77/SF

EGI

$208.4K $16.39/SF

− OpEx

−$31.3K −$2.46/SF

NOI

$177.2K $13.93/SF

Area

Marion County, FL

Vacancy

4.50%

Lease Rate

$17.16 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,543,140

Cap Rate 7%

$2,530,814

Cap Rate 9%

$1,968,411

Alternative Uses

Best Use

Retail

$4.57M

$4.00M – $5.33M (±1% cap)

NOI $319,875 @ 7.0% cap · market cap 14.22%

Second Best

Warehouse

$2.53M

$2.21M – $2.95M (±1% cap)

NOI $177,157 @ 7.0% cap · market cap 7.87%

Theoretical Best

Office A

$6.94M

$6.08M – $8.10M (±1% cap)

NOI $486,149 @ 7.0% cap · market cap 21.61%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Self storage facilities

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center

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

223

Businesses Nearby

Explore this area Business Placement

Demographics for 34479, FL

14,127

Population

5,906

Households

2.4

Avg Household Size

42

Median Age

15%

College-Educated

88%

High-School Grad

17.9 sq mi

ZIP Area

789

Density / Sq Mi

$54,805

Median Household Income

$35,353

Median Earnings

$1,252

Median Rent

$190,400

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

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What type of property is this? Where is this mixed-use properties 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?

Mixed-use property - Income-producing property with retail, storage, and warehouse components.

Where is this mixed-use property located?

The property is located at 3007 NE JACKSONVILLE Rd Ocala, FL.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: Income‑producing commercial property with diverse revenue streams (self‑storage, retail, billboards).; High‑traffic location with excellent visibility.; Includes additional adjacent B‑2 zoned parcels, offering expansion or redevelopment potential.