Flex Space with Additional
For Sale
$575,000
2331 10th, Ocala, FL 34475
Mixed warehouse and retail improvements accompany a separate vacant parcel for added site flexibility.
Property Size2,430 SF
Lot Size0.62 Acres
Price / SF$236.63
Days on Market517
Property Features for 2331 10th
General Information
Standard status
Active
Size
2,430 SF
Lot size
0.62 Acres
Property subtype
General Commercial
Additional Details
Road Access
Yes
Warehouse Space
1,822 SF
Amenities
3
8 Parking Spaces.
.33
Building Details
Buildings
1
Stories
1
Building Size
2,430 SF
Listing Agency:
Steinberg RE Holdings LLC
(561) 593-3711
Listed By:
Steven Bezmen
Source:
Xome
Added: Apr 2, 2025
Changed: Aug 31
Last Checked: Aug 31 at 3:28PM
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 Steinberg RE Holdings LLC
Investment Insights
Based on property information with market context.
This flex property combines a 2,430-square-foot commercial building with a separate vacant parcel. The building includes an approximately 1,822-square-foot four-bay garage and warehouse area along with 608 square feet of retail space, creating a mixed-format layout within one improvement.
The offering covers two parcels totaling 27,000 square feet, or 0.62 acres, in Ocala, Florida. The improved front parcel contains 14,400 square feet, while the vacant rear parcel contributes an additional 12,600 square feet. Eight parking spaces are included on site.
The offering covers two parcels totaling 27,000 square feet, or 0.62 acres, in Ocala, Florida. The improved front parcel contains 14,400 square feet, while the vacant rear parcel contributes an additional 12,600 square feet. Eight parking spaces are included on site.
Key Highlights
- 2,430 SF building with approximately 1,822 SF of garage and warehouse area
- Four‑bay garage and warehouse configuration
- 608 SF of retail space within 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
$33,849
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
5.89%
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%
$676,980
$677.0K
Cap Rate 7%
$483,557
$483.6K
Cap Rate 9%
$376,100
$376.1K
Market Conditions
NOI Build-Up for 2,430 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
$41.7K $17.16/SF
− Vacancy
−$1.9K −$0.77/SF
EGI
$39.8K $16.39/SF
− OpEx
−$6.0K −$2.46/SF
NOI
$33.8K $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%
$676,980
Cap Rate 7%
$483,557
Cap Rate 9%
$376,100
Alternative Uses
Best Use
Retail
$873.1K
$764.0K – $1.02M
NOI $61,118 @ 7.0% cap · market cap 10.63%
Second Best
Warehouse
$483.6K
$423.1K – $564.2K
NOI $33,849 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,887 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Balanced
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
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Frequently Asked Questions
What type of property is this?
Flex space - Mixed warehouse and retail improvements accompany a separate vacant parcel for added site flexibility.
Where is this flex space located?
The property is located at 2331 10th Ocala, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,430 SF building with approximately 1,822 SF of garage and warehouse area; Four‑bay garage and warehouse configuration; 608 SF of retail space within the building
