Commercial Land with Existing
For Sale
$239,000
14040 SE 162ND PLACE, Weirsdale, FL 32195
Two-parcel commercial site with an enclosed building and separate vacant parcel in Marion County.
Property Size1,200 SF
Price / SF$199.17
Days on Market495
Property Features for 14040 SE 162ND PLACE
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$1,697
Building Details
Year Built
2004
Listing Agency:
GRIZZARD COMMERCIAL REALESTATE
(352) 396-9136
Listed By:
Daniel Tatro · License #3190991
(352) 396-9136
Source:
Exitrealty
Added: Apr 23, 2025
Changed: Aug 29
Last Checked: Aug 29 at 4:26PM
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 GRIZZARD COMMERCIAL REALESTATE
Investment Insights
Based on property information with market context.
This offering combines two parcels totaling approximately .71 acres with a 1,200-square-foot commercial building. Constructed in 2004, the building is secured by perimeter fencing, while the second parcel remains vacant. The improved parcel carries B5 zoning, and the vacant parcel is designated A1.
The property occupies the corner of CR 25 and SE 162nd Place in Marion County, providing a Central Florida location with access to The Villages within a short drive. The combination of an existing commercial structure, additional land, and separate zoning designations supports consideration by small service-oriented businesses, including lawn care, painting, pest control, maintenance, and contracting operations.
The property occupies the corner of CR 25 and SE 162nd Place in Marion County, providing a Central Florida location with access to The Villages within a short drive. The combination of an existing commercial structure, additional land, and separate zoning designations supports consideration by small service-oriented businesses, including lawn care, painting, pest control, maintenance, and contracting operations.
Key Highlights
- Two parcels totaling .71+/- acres
- 1,200 SF commercial building constructed in 2004
- B5 zoning on the parcel with the building
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
$13,766
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
5.76%
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%
$275,320
$275.3K
Cap Rate 7%
$196,657
$196.7K
Cap Rate 9%
$152,956
$153.0K
Market Conditions
NOI Build-Up for 1,200 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
$20.6K $17.16/SF
− Vacancy
−$927 −$0.77/SF
EGI
$19.7K $16.39/SF
− OpEx
−$5.9K −$4.92/SF
NOI
$13.8K $11.47/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /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%
$275,320
Cap Rate 7%
$196,657
Cap Rate 9%
$152,956
Alternative Uses
Best Use
Industrial
$196.7K
$172.1K – $229.4K
NOI $13,766 @ 7.0% cap · market cap 5.76%
Second Best
Flex RnD
$141.8K
$124.1K – $165.4K
NOI $9,924 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$655.3K
$573.4K – $764.5K
NOI $45,870 @ 7.0% cap · market cap 19.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 32195, FL
3,462
Population
1,591
Households
2.2
Avg Household Size
52
Median Age
11%
College-Educated
85%
High-School Grad
24.4 sq mi
ZIP Area
142
Density / Sq Mi
$61,771
Median Household Income
$40,500
Median Earnings
$147,500
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.
Frequently Asked Questions
What type of property is this?
Commercial land - Two-parcel commercial site with an enclosed building and separate vacant parcel in Marion County.
Where is this commercial land located?
The property is located at 14040 SE 162ND PLACE Weirsdale, FL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two parcels totaling .71+/- acres; 1,200 SF commercial building constructed in 2004; B5 zoning on the parcel with the building
