Ocala Commercial Property on Silver
For Sale
$390,900
1327 E SILVER SPRINGS, Ocala, FL 34470
High-visibility corner lot with flexible zoning near downtown Ocala.
Property Size3,083 SF
Lot Size0.30 Acres
Price / SF$251.38
Days on Market171
Property Features for 1327 E SILVER SPRINGS
General Information
Standard status
Active
Size
3,083 SF
Lot size
0.30 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$2,991
Building Details
Building Size
3,083 SF
Year Built
1950
Stories
1
Listing Agency:
Preferred Shore
(813) 670-7226
Listed By:
Keegan Siegfried · License #3600131
(813) 670-7226
Source:
Elliman
Added: Mar 10
Changed: Aug 27
Last Checked: Aug 26 at 8:46AM
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 Preferred Shore
Investment Insights
Based on property information with market context.
This commercial property, formerly a gas station, is located on a corner lot on Silver Springs Boulevard, one mile from historic downtown Ocala. The site benefits from high visibility and traffic. The property includes a 1,555-square-foot building featuring an open interior space and large display windows. A covered 1,525-square-foot pump canopy is also present. City utilities are in place. The property is zoned for commercial use, making it suitable for various ventures such as a retail shop, café, brewery, restaurant, or salon. The site has a closed in-place underground fuel tank filled with grout. The seller will provide the latest environmental reports and assist the buyer with state agency contacts for further information. The property is sold as is.
Key Highlights
- High‑visibility corner lot location on Silver Springs Blvd with steady vehicle and foot traffic.
- Prime location only one mile from historic downtown Ocala.
- Flexible zoning suitable for various commercial ventures (verify with local municipality).
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
$18,840
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
4.82%
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%
$376,800
$376.8K
Cap Rate 7%
$269,143
$269.1K
Cap Rate 9%
$209,333
$209.3K
Market Conditions
NOI Build-Up for 1,555 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
$26.5K $17.04/SF
− Vacancy
−$1.4K −$0.89/SF
EGI
$25.1K $16.15/SF
− OpEx
−$6.3K −$4.04/SF
NOI
$18.8K $12.12/SF
Area
Marion County, FL
Vacancy
5.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$376,800
Cap Rate 7%
$269,143
Cap Rate 9%
$209,333
Alternative Uses
Best Use
Retail
$558.7K
$488.9K – $651.8K
NOI $39,110 @ 7.0% cap · market cap 10.01%
Second Best
Specialty Retail
$269.1K
$235.5K – $314.0K
NOI $18,840 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$849.1K
$743.0K – $990.7K
NOI $59,440 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,128
Businesses Nearby
Explore this area
Business Placement
Demographics for 34470, FL
20,483
Population
10,121
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
13.4 sq mi
ZIP Area
1,529
Density / Sq Mi
$49,592
Median Household Income
$36,957
Median Earnings
$1,124
Median Rent
$171,500
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.
Frequently Asked Questions
What type of property is this?
Gas station - High-visibility corner lot with flexible zoning near downtown Ocala.
Where is this gas station located?
The property is located at 1327 E SILVER SPRINGS Ocala, FL.
What is the asking price?
The asking price for this property is $390,900.
What are key features of this property?
This property features: High‑visibility corner lot location on Silver Springs Blvd with steady vehicle and foot traffic.; Prime location only one mile from historic downtown Ocala.; Flexible zoning suitable for various commercial ventures (verify with local municipality).
