Prime Commercial Property on
5050 S PINE Ave, Ocala, FL 34480
Commercial property with high visibility and multiple potential uses.
Type:Commercial
Property size:
1,700 SFLot size:
1.50 AcresPrice / SF:
$338/SF- Added:
- Apr 24, 2026
- Days on Market:
- 35
- Last Refresh:
- Apr 24 at 3:33 pm
Property Features for 5050 S PINE Ave
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Lot size
- 1.50 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1949
Listing agent Tim Castaneda License #3088728 (352) 208-9868
Listing office LoKation Real Estate (352) 208-9868
Listing date Apr 24, 2026
Source Elliman
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 LoKation Real Estate
HighLights
- Prime commercial location on a major business artery with high traffic count (over 30,000 cars daily).
- B‑4 zoning allows for a variety of commercial uses (restaurant, retail, auto repair, etc.).
- Approximately 1.5‑acre lot with 2 curb cuts.
- High visibility location with a new WAWA gas station on the corner.
- 1,700 sq ft building with divided office space (4 offices, kitchen, full bathroom).
- Includes a storage shed.
Overview
This commercial property is located on a major business artery between Ocala and The Villages, with a daily traffic count exceeding 30,000 cars. Zoned B-4, the property offers potential uses such as a restaurant, retail store, or auto and truck repair shop. Interested parties should consult Marion County for a comprehensive list of commercial uses permitted under B-4 zoning. The property, formerly a used car lot, spans almost one and a half acres and features two curb cuts and high visibility. A new WAWA gas station is located on the corner. The site includes a 1,700-square-foot building with divided office space, comprising four offices, a kitchen, and a full bathroom, as well as a storage shed. The property backs up to the Ocala drive-in theater, which is also for sale. The bike score is 37, indicating it is somewhat bikeable. The walk score is 3, indicating car dependence, and the transit score is 16, indicating minimal transit options.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$475.1K
NOI $42,757 @ 9.00% cap · cautious / downside scenario
Moderate
$610.8K
NOI $42,757 @ 7.00% cap · market / base-case scenario
Aggressive
$855.1K
NOI $42,757 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.0k | $37.08 |
| − Vacancy | −$2.0k | −$1.15 |
| EGI | $61.1k | $35.93 |
| − OpEx | −$18.3k | −$10.78 |
| NOI | $42.8k | $25.15 |
1,700 SF · lease $37.08/SF/yr · vacancy 3.10% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$610.8K
$534.5K – $712.6K
NOI $42,757 @ 7.0% cap · market cap 7.44%
Second Best
Specialty Retail
$294.2K
$257.5K – $343.3K
NOI $20,596 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$928.3K
$812.3K – $1.08M
NOI $64,983 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar Places Nearby
- U-Haul Moving & Storage of South Ocala — 5555 S Pine Ave, Ocala, FL 34480
- Trailer Rental at U-Haul — 5555 S Pine Ave, Ocala, FL 34480
- U-Box at U-Haul — 5555 S Pine Ave, Ocala, FL 34480
- UMC — 5555 S Pine Ave, Ocala, FL 34480
Location Insight
- Map
- Local Demand
- City
- Ocala
- County
- Marion
- State
- Florida
- Longitude
- -82.1093943
- Latitude
- 29.1367337
Nearby Similar for Sale
FAQs
What type of property is this?
Parking lot & garage - Commercial property with high visibility and multiple potential uses.
Where is this parking lot & garage located?
The property is located at 5050 S PINE Ave Ocala, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Prime commercial location on a major business artery with high traffic count (over 30,000 cars daily).; B‑4 zoning allows for a variety of commercial uses (restaurant, retail, auto repair, etc.).; Approximately 1.5‑acre lot with 2 curb cuts.
