Duplex with Central
For Sale
$429,000
1306 NW 8TH STREET 1 & 2, Ocala, FL 34475
The property offers an open floorplan, stone counters, and a kitchen appliance package.
Property Size3,090 SF
Price / SF$193.42
Days on Market116
Property Features for 1306 NW 8TH STREET 1 & 2
General Information
Standard status
Active
Size
3,090 SF
Property subtype
Residential Income
Zoning
R2
Taxes and HOA fees
Annual Taxes
$406
Amenities
Central Air
Central
Range, Range Hood, Refrigerator
Open Floorplan, Stone Counters
Attached
Rain Gutters
Building Details
Building Size
3,090 SF
Year Built
2026
Listing Agency:
NIZZ REALTY INC
(770) 312-5641
Listed By:
Bridgette Delva · License #3494037
(770) 312-5641
Source:
Evrealestate
Added: Apr 24
Changed: Aug 16
Last Checked: Aug 17 at 4:51AM
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 NIZZ REALTY INC
Investment Insights
Based on property information with market context.
This duplex at 1306 NW 8th Street in Ocala was built in 2026. Interior features include central air, central heating, an open floorplan, and stone counters. The kitchen is equipped with a range, range hood, and refrigerator, while rain gutters are included among the exterior features.
Access is available from HWY 40 via MLK and NW 8th Street, with the property situated on the right after the turn onto NW 8th Street.
Access is available from HWY 40 via MLK and NW 8th Street, with the property situated on the right after the turn onto NW 8th Street.
Key Highlights
- Built in 2026
- Duplex property with central air and central heating
- Open floorplan with stone counters
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
$32,234
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
7.51%
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%
$644,680
$644.7K
Cap Rate 7%
$460,486
$460.5K
Cap Rate 9%
$358,156
$358.2K
Market Conditions
NOI Build-Up for 2,218 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
$62.5K $28.20/SF
− Vacancy
−$3.9K −$1.78/SF
EGI
$58.6K $26.42/SF
− OpEx
−$26.4K −$11.89/SF
NOI
$32.2K $14.53/SF
Area
Marion County, FL
Vacancy
6.30%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
45.00%
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%
$644,680
Cap Rate 7%
$460,486
Cap Rate 9%
$358,156
Alternative Uses
Best Use
Apartment 5plus
$460.5K
$402.9K – $537.2K
NOI $32,234 @ 7.0% cap · market cap 7.51%
Second Best
Multifamily LT 5
$457.9K
$400.7K – $534.3K
NOI $32,056 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,784 @ 7.0% cap · market cap 19.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The property offers an open floorplan, stone counters, and a kitchen appliance package.
Where is this duplex located?
The property is located at 1306 NW 8TH STREET 1 & 2 Ocala, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Built in 2026; Duplex property with central air and central heating; Open floorplan with stone counters
