New Duplex With Modern
For Sale
$424,900
14001 SW 60TH TERRACE, Ocala, FL 34473
Corner-lot duplex with two residential units, contemporary interiors, and separate in-unit laundry areas.
Property Size2,008 SF
Price / SF$211.60
Days on Market18
Property Features for 14001 SW 60TH TERRACE
General Information
Standard status
Active
Size
2,008 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
CANOPY OAKS REAL ESTATE
(352) 509-6683
Listed By:
Justin Cavalier · License #3518002
Source:
Dennisrealty
Added: Jul 30
Changed: Aug 15
Last Checked: Aug 15 at 7:38AM
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 CANOPY OAKS REAL ESTATE
Investment Insights
Based on property information with market context.
Completed in 2026, this 2,008-square-foot duplex places two well-appointed residences on a corner lot. Each unit includes two bedrooms, two full bathrooms, an open living and dining arrangement, and a kitchen equipped with granite countertops and stainless steel appliances. Luxury vinyl plank flooring, vaulted ceilings, ceiling fans, and an interior laundry area are included in both units.
The property is situated in the Marion Oaks community, with shopping, dining, schools, medical facilities, and major roadways identified nearby. Access to Ocala and surrounding areas is also noted. The two-unit configuration provides separate living spaces within one newly constructed residential income property.
The property is situated in the Marion Oaks community, with shopping, dining, schools, medical facilities, and major roadways identified nearby. Access to Ocala and surrounding areas is also noted. The two-unit configuration provides separate living spaces within one newly constructed residential income property.
Key Highlights
- 2,008‑square‑foot duplex completed in 2026
- Two units, each with 2 bedrooms and 2 full bathrooms
- Corner‑lot setting in the Marion Oaks community
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
$29,182
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
6.87%
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%
$583,640
$583.6K
Cap Rate 7%
$416,886
$416.9K
Cap Rate 9%
$324,244
$324.2K
Market Conditions
NOI Build-Up for 2,008 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
$56.6K $28.20/SF
− Vacancy
−$3.6K −$1.78/SF
EGI
$53.1K $26.42/SF
− OpEx
−$23.9K −$11.89/SF
NOI
$29.2K $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%
$583,640
Cap Rate 7%
$416,886
Cap Rate 9%
$324,244
Alternative Uses
Best Use
Apartment 5plus
$416.9K
$364.8K – $486.4K
NOI $29,182 @ 7.0% cap · market cap 6.87%
Second Best
Multifamily LT 5
$414.6K
$362.8K – $483.7K
NOI $29,021 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$1.10M
$959.5K – $1.28M
NOI $76,756 @ 7.0% cap · market cap 18.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 34473, FL
21,548
Population
9,313
Households
2.3
Avg Household Size
43
Median Age
16%
College-Educated
89%
High-School Grad
35.8 sq mi
ZIP Area
602
Density / Sq Mi
$70,559
Median Household Income
$36,474
Median Earnings
$1,406
Median Rent
$242,400
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 - Corner-lot duplex with two residential units, contemporary interiors, and separate in-unit laundry areas.
Where is this duplex located?
The property is located at 14001 SW 60TH TERRACE Ocala, FL.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: 2,008‑square‑foot duplex completed in 2026; Two units, each with 2 bedrooms and 2 full bathrooms; Corner‑lot setting in the Marion Oaks community
