Building Details

Year Built 2004

Listing Agency: GRIZZARD COMMERCIAL REALESTATE Show Phone

Listed By: Daniel Tatro · License #3190991 Show Phone

Source: Exitrealty

Added: May 12, 2025 Changed: Oct 4 Last Checked: Oct 5 at 5:54PM

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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.

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 / Yr

$13,766

Cap Rate

5.76%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$275,320 $275.3K

Cap Rate 7%

$196,657 $196.7K

Cap Rate 9%

$152,956 $153.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

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 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 (±1% cap)

NOI $13,766 @ 7.0% cap · market cap 5.76%

Second Best

Flex RnD

$141.8K

$124.1K – $165.4K (±1% cap)

NOI $9,924 @ 7.0% cap · market cap 4.15%

Theoretical Best

Office A

$655.3K

$573.4K – $764.5K (±1% cap)

NOI $45,870 @ 7.0% cap · market cap 19.19%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Curb It Co Construction Company

Suggested Use

Top Pick HVAC Service Auto Parts Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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