Industrial Warehouse with Fenced
For Sale
$2,900,000
530 Nw 1st Avenue OCALA, Ocala, FL 34475
Large warehouse with office space and fenced yard in downtown Ocala.
Property Size12,737 SF
Lot Size2.45 Acres
Price / SF$227.68
Days on Market42
Property Features for 530 Nw 1st Avenue OCALA
General Information
Standard status
Active
Size
12,737 SF
Lot size
2.45 Acres
Zoning
FBC
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$7,081
Amenities
1
true
Corner Lot,Fire Hydrant,City Lot,Near Railroad Siding,Sidewalk
2.45
false
Asphalt
Slab
Business District,City Street
12737
5
Building Details
Building Size
12,737 SF
Year Built
1955
Buildings
5
Stories
1
Listing Agency:
(904) 569-5862
Listed By:
Jennifer Barnett
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 6
Changed: Aug 16
Last Checked: Aug 16 at 3:18AM
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 Jennifer Barnett
Investment Insights
Based on property information with market context.
The property consists of a large industrial warehouse with attached office space and a fenced yard. It was formerly used as a lumber yard, and the site offers multiple redevelopment paths, subject to rezoning of the property.
Located at 530 NW 1st Avenue in downtown Ocala, the asset may support a range of redevelopment options, including office space or multi-family/apartment development, with rezoning required to accommodate alternate uses. The property may also qualify for opportunity zone benefits and City of Ocala Credits, depending on the specific development plan and other factors.
In addition to being offered for sale, the property is also available for lease beginning January 2024.
Located at 530 NW 1st Avenue in downtown Ocala, the asset may support a range of redevelopment options, including office space or multi-family/apartment development, with rezoning required to accommodate alternate uses. The property may also qualify for opportunity zone benefits and City of Ocala Credits, depending on the specific development plan and other factors.
In addition to being offered for sale, the property is also available for lease beginning January 2024.
Key Highlights
- 5‑building industrial warehouse with 12,737 total building area on a 2.45‑acre corner lot in downtown Ocala
- Fenced yard with asphalt city street access and business district/road frontage
- Slab foundation and single‑story building configuration
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
$177,422
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
6.12%
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%
$3,548,440
$3.5M
Cap Rate 7%
$2,534,600
$2.5M
Cap Rate 9%
$1,971,356
$2.0M
Market Conditions
NOI Build-Up for 12,737 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
$218.6K $17.16/SF
− Vacancy
−$9.8K −$0.77/SF
EGI
$208.7K $16.39/SF
− OpEx
−$31.3K −$2.46/SF
NOI
$177.4K $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 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%
$3,548,440
Cap Rate 7%
$2,534,600
Cap Rate 9%
$1,971,356
Alternative Uses
Best Use
Warehouse
$2.53M
$2.22M – $2.96M
NOI $177,422 @ 7.0% cap · market cap 6.12%
Second Best
Industrial
$2.09M
$1.83M – $2.44M
NOI $146,112 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$6.96M
$6.09M – $8.11M
NOI $486,875 @ 7.0% cap · market cap 16.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
744
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34475, FL
14,780
Population
5,668
Households
2.6
Avg Household Size
38
Median Age
13%
College-Educated
84%
High-School Grad
27.8 sq mi
ZIP Area
532
Density / Sq Mi
$33,515
Median Household Income
$24,854
Median Earnings
$871
Median Rent
$170,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Large warehouse with office space and fenced yard in downtown Ocala.
Where is this warehouse located?
The property is located at 530 Nw 1st Avenue OCALA Ocala, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 5‑building industrial warehouse with 12,737 total building area on a 2.45‑acre corner lot in downtown Ocala; Fenced yard with asphalt city street access and business district/road frontage; Slab foundation and single‑story building configuration
