Single-Tenant Auto Body
For Sale
$2,154,000
2100 S Pine Ave, Ocala, FL 34471
Auto body facility is 100% leased under a new 15-year absolute NNN structure with 2% annual rent increases.
Property Size7,326 SF
Price / SF$294.02
Days on Market59
Property Features for 2100 S Pine Ave
General Information
Standard status
Active
Size
7,326 SF
Property subtype
Auto Parts
Occupancy
100%
Lease Type
Absolute Net
Site & Location
Traffic Count
32,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.5%
Amenities
2% Annual Rent Increases Provides Strong Hedge Against Inflation | 7.49% Blended Cap Rate Over the Base Term
Ideally Situated on S Pine Ave (Hwy 441) | Provides Immediate Access to 32,000+ VPD | Sits Within Well-Maintained Condo Association
Maaco is America's Leading Auto Paint & Collision Service Provider (475+ Locations)
Maaco is a Subsidiary of Driven Brands (NASDAQ: DRVN), the Largest Automotive Services Company in North America
5-Mile Demographics: 102,000 Population & $77,000 Average HH Income
Building Details
Building Size
7,326 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap - Orlando
(407) 557-3847
Listed By:
Ray Turchi · License #License(s): FL: BK3015549
(407) 557-3847
Source:
Marcusmillichap
Added: Jul 3
Changed: Aug 23
Last Checked: Aug 29 at 6:11AM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This offering is a single-tenant Maaco auto body investment presented for sale in fee simple. The automotive service facility totals 7,326 SF and is 100% leased under a new 15-year absolute NNN sale-leaseback, designed to shift operational responsibility away from the landlord. The lease includes built-in 2% annual rent increases.
The property is positioned along S Pine Ave (Hwy 441) with immediate access to an estimated 32,000+ vehicles per day, providing visibility on a high-traffic commercial corridor in Ocala, Florida. The site is described as being surrounded by national retailers, healthcare providers, and dense residential neighborhoods, supported by 5-mile demographics including more than 100,000 residents and average household income of approximately $77,000.
The tenant is Maaco, an auto paint and collision repair brand, offered as an absolute NNN structure. The remarks further state an asking cap rate of 6.50% and a blended cap rate of 7.49% over the base term.
The property is positioned along S Pine Ave (Hwy 441) with immediate access to an estimated 32,000+ vehicles per day, providing visibility on a high-traffic commercial corridor in Ocala, Florida. The site is described as being surrounded by national retailers, healthcare providers, and dense residential neighborhoods, supported by 5-mile demographics including more than 100,000 residents and average household income of approximately $77,000.
The tenant is Maaco, an auto paint and collision repair brand, offered as an absolute NNN structure. The remarks further state an asking cap rate of 6.50% and a blended cap rate of 7.49% over the base term.
Key Highlights
- 7,326 SF automotive service facility built in 1989
- 100% leased under a new 15‑year absolute NNN sale‑leaseback
- 2% annual rent increases during the base term
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$184,259
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,685,180
$3.7M
Cap Rate 7%
$2,632,271
$2.6M
Cap Rate 9%
$2,047,322
$2.0M
Market Conditions
NOI Build-Up for 7,326 SF
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.
Gross rent
$271.6K $37.08/SF
− Vacancy
−$8.4K −$1.15/SF
EGI
$263.2K $35.93/SF
− OpEx
−$79.0K −$10.78/SF
NOI
$184.3K $25.15/SF
Area
Marion County, FL
Vacancy
3.10%
Lease Rate
$37.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,685,180
Cap Rate 7%
$2,632,271
Cap Rate 9%
$2,047,322
Alternative Uses
Best Use
Retail
$2.63M
$2.30M – $3.07M
NOI $184,259 @ 7.0% cap · market cap 8.55%
Second Best
Industrial
$1.20M
$1.05M – $1.40M
NOI $84,040 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$4.00M
$3.50M – $4.67M
NOI $280,038 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
32,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34471, FL
27,632
Population
12,071
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
93%
High-School Grad
19.8 sq mi
ZIP Area
1,396
Density / Sq Mi
$60,283
Median Household Income
$37,565
Median Earnings
$1,225
Median Rent
$292,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cass Mobile Customs — Mobile, Ocala, FL 34471
- Ace Auto Air & Auto Care — 2120 S Pine Ave, Ocala, FL 34471
- McCoy's Auto Clinic — 2124 S Pine Ave #100, Ocala, FL 34471
- Maaco Auto Body Shop & Painting — 2100 S Pine Ave, Ocala, FL 34471
- Link's Electric Motor Services Inc — 1921 SW 7th Ave, Ocala, FL 34471
Frequently Asked Questions
What type of property is this?
Auto shop - Auto body facility is 100% leased under a new 15-year absolute NNN structure with 2% annual rent increases.
Where is this auto shop located?
The property is located at 2100 S Pine Ave Ocala, FL.
What is the asking price?
The asking price for this property is $2,154,000.
What are key features of this property?
This property features: 7,326 SF automotive service facility built in 1989; 100% leased under a new 15‑year absolute NNN sale‑leaseback; 2% annual rent increases during the base term
