New Concrete Block
For Sale
$525,000
15709 SW 34th Court Road, Ocala, FL 34473
Two residences offer private garages, designer finishes, indoor laundry, and covered rear lanais.
Property Size2,626 SF
Price / SF$199.92
Days on Market18
Property Features for 15709 SW 34th Court Road
General Information
Standard status
Active
Size
2,626 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2026
Buildings
1
Construction
concrete block
Listing Agency:
FL PRO BROKERS LLC
Listed By:
Jason Sirounis · License #3283350
(407) 415-2747
Source:
Realtygroupfl
Added: Aug 31
Changed: Sep 17
Last Checked: Sep 16 at 8:29PM
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 FL PRO BROKERS LLC
Investment Insights
Based on property information with market context.
This 2026-built duplex contains two separately configured residences within a concrete block structure totaling 2,626 SF. Each unit includes 3 bedrooms, 2 bathrooms, a 1-car garage, an open living, dining, and kitchen arrangement, plus a private indoor laundry closet with washer and dryer. Interior features include luxury vinyl plank flooring, white quartz countertops, 42-inch upper cabinetry, stainless steel appliances, and tiled bathrooms. The primary bedroom provides two walk-in closets, a dual-sink vanity, and a walk-in shower. Each residence also includes a covered rear lanai.
The property is located at 15709 SW 34th Court Road in Ocala, within the Marion Oaks area, and is connected to city water and sewer. The two-unit configuration provides separate residential spaces while maintaining shared construction and utility infrastructure.
The property is located at 15709 SW 34th Court Road in Ocala, within the Marion Oaks area, and is connected to city water and sewer. The two-unit configuration provides separate residential spaces while maintaining shared construction and utility infrastructure.
Key Highlights
- Duplex completed in 2026 with concrete block construction
- Each unit has 3 bedrooms, 2 bathrooms, and a 1‑car garage
- Total property size is 2626 SF
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
$38,163
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
7.27%
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%
$763,260
$763.3K
Cap Rate 7%
$545,186
$545.2K
Cap Rate 9%
$424,033
$424.0K
Market Conditions
NOI Build-Up for 2,626 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
$74.1K $28.20/SF
− Vacancy
−$4.7K −$1.78/SF
EGI
$69.4K $26.42/SF
− OpEx
−$31.2K −$11.89/SF
NOI
$38.2K $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%
$763,260
Cap Rate 7%
$545,186
Cap Rate 9%
$424,033
Alternative Uses
Best Use
Apartment 5plus
$545.2K
$477.0K – $636.1K
NOI $38,163 @ 7.0% cap · market cap 7.27%
Second Best
Multifamily LT 5
$542.2K
$474.4K – $632.6K
NOI $37,953 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,380 @ 7.0% cap · market cap 19.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
40
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer private garages, designer finishes, indoor laundry, and covered rear lanais.
Where is this duplex located?
The property is located at 15709 SW 34th Court Road Ocala, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex completed in 2026 with concrete block construction; Each unit has 3 bedrooms, 2 bathrooms, and a 1‑car garage; Total property size is 2626 SF
