Ocala Commercial Property with
818 NORTH MAGNOLIA AVE Ocala, FL 34475
818 NORTH MAGNOLIA AVE, Ocala, FL, 34475
$1,200,000
For Sale
$1,200,000
Updated commercial property in North Magnolia Business District near Downtown Ocala.
Property Size8,000 SF
Lot Size0.99 Acres
Price / SF$150
Days on Market89
Property Features for 818 NORTH MAGNOLIA AVE
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 0.99 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1947
Listing agency
NEWGATE REALTY, LLC
(616) 889-7145
Listed by
Hanna Pieri · License #3530072
(616) 889-7145
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 3:57PM Checked: Jul 21 at 8:53AM
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 NEWGATE REALTY, LLC
Investment Insights
Based on property information with market context.
This commercial property is located in the North Magnolia Business District, a few minutes from Downtown Ocala. The property, zoned B5, includes two buildings situated on just under an acre. The parking lot has been recently resurfaced and striped, and both buildings have been freshly painted on the exterior. The main building features epoxy flooring, a galvalume ceiling with spray foam insulation in the front portion, updated offices and bathrooms, and three automatic roll-up doors. This building provides over 8,000 square feet of space under roof. The secondary building offers over 3,000 square feet under roof, one office, two bathrooms, and a rear roll-up door that leads to a connecting fenced courtyard area. It also features a security roll-up in front of the street storefront doors. The entire second building is climate controlled and suitable as a rental investment. The property has a walk score of 64, indicating it is somewhat walkable, a bike score of 52, indicating it is bikeable, and a transit score of 28, indicating some transit options are available.
Key Highlights
- Updated and renovated commercial property in the North Magnolia Business District, near Downtown Ocala.
- B5 zoning on just under an acre with two buildings and ample road frontage.
- Main building: Over 8,000 sqft under roof with updated offices, bathrooms, epoxy flooring, galvalume ceiling with spray foam insulation, and three automatic roll‑up doors.
Local Financial Insights For Industrial
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 | $137.3k | $17.16 |
| − Vacancy | −$6.2k | −$0.77 |
| EGI | $131.1k | $16.39 |
| − OpEx | −$39.3k | −$4.92 |
| NOI | $91.8k | $11.47 |
8,000 SF · lease $17.16/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$1.59M
$1.39M – $1.86M
NOI $111,437 @ 7.0% cap · market cap 9.29%
Second Best
Industrial
$1.31M
$1.15M – $1.53M
NOI $91,772 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$4.37M
$3.82M – $5.10M
NOI $305,802 @ 7.0% cap · market cap 25.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Ocalaqueen352 — Ocala, FL 34483
- Beckwith Catering — 809 N Magnolia Ave, Ocala, FL 34475
FAQs
What type of property is this?
Flex space - Updated commercial property in North Magnolia Business District near Downtown Ocala.
Where is this flex space located?
The property is located at 818 NORTH MAGNOLIA AVE Ocala, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Updated and renovated commercial property in the North Magnolia Business District, near Downtown Ocala.; B5 zoning on just under an acre with two buildings and ample road frontage.; Main building: Over 8,000 sqft under roof with updated offices, bathrooms, epoxy flooring, galvalume ceiling with spray foam insulation, and three automatic roll‑up doors.
