Two-Building
For Sale
$729,000
9710 SW 32ND COURT all, Ocala, FL 34476
Four two-bedroom, two-bath units offer spacious living, dining, and bonus areas alongside laundry closets.
Property Size2,496 SF
Price / SF$292.07
Days on Market746
Property Features for 9710 SW 32ND COURT all
General Information
Standard status
Active
Size
2,496 SF
Property subtype
Multi Family
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,714
Building Details
Year Built
2007
Buildings
2
Listing Agency:
R N B REALTY
(352) 572-6742
Listed By:
Lisa Toler · License #3455481
(352) 572-6742
Source:
Exitrealty
Added: Aug 16, 2024
Changed: Aug 31
Last Checked: Aug 30 at 3:53PM
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 R N B REALTY
Investment Insights
Based on property information with market context.
This quadplex consists of two duplex buildings containing four total units. Each unit features a two-bedroom, two-bath layout with a large living area, dining space, spacious bedrooms, and a bonus area adjacent to the laundry closet. The property measures 2,496 square feet and was built in 2007.
Exterior painting has been completed on the units, and one unit also received interior paint. Three of the four units have long-term tenants. Outdoor areas provide the possibility of creating separate fenced backyard spaces for each unit, subject to the new owner’s preferences. The property is located at 9710 SW 32ND COURT in Ocala, Florida, within SW Marion County.
Exterior painting has been completed on the units, and one unit also received interior paint. Three of the four units have long-term tenants. Outdoor areas provide the possibility of creating separate fenced backyard spaces for each unit, subject to the new owner’s preferences. The property is located at 9710 SW 32ND COURT in Ocala, Florida, within SW Marion County.
Key Highlights
- Four total 2/2 units arranged across two duplex buildings
- 2,496‑square‑foot property built in 2007
- Long‑term tenants occupy three of the four units
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
$36,274
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
4.98%
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%
$725,480
$725.5K
Cap Rate 7%
$518,200
$518.2K
Cap Rate 9%
$403,044
$403.0K
Market Conditions
NOI Build-Up for 2,496 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
$70.4K $28.20/SF
− Vacancy
−$4.4K −$1.78/SF
EGI
$66.0K $26.42/SF
− OpEx
−$29.7K −$11.89/SF
NOI
$36.3K $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%
$725,480
Cap Rate 7%
$518,200
Cap Rate 9%
$403,044
Alternative Uses
Best Use
Apartment 5plus
$518.2K
$453.4K – $604.6K
NOI $36,274 @ 7.0% cap · market cap 4.98%
Second Best
Multifamily LT 5
$515.3K
$450.9K – $601.2K
NOI $36,074 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,410 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 34476, FL
26,522
Population
12,754
Households
2.1
Avg Household Size
58
Median Age
28%
College-Educated
94%
High-School Grad
34.6 sq mi
ZIP Area
767
Density / Sq Mi
$65,429
Median Household Income
$41,820
Median Earnings
$1,303
Median Rent
$260,300
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?
Quadplex - Four two-bedroom, two-bath units offer spacious living, dining, and bonus areas alongside laundry closets.
Where is this quadplex located?
The property is located at 9710 SW 32ND COURT all Ocala, FL.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Four total 2/2 units arranged across two duplex buildings; 2,496‑square‑foot property built in 2007; Long‑term tenants occupy three of the four units
