New Construction
For Sale
$460,000
Pending
15801 SW 34TH COURT ROAD, Ocala, FL 34473
Two residential units feature open-concept interiors, contemporary finishes, and separate three-bedroom, two-bathroom layouts.
Property Size2,248 SF
Days on Market536
Property Features for 15801 SW 34TH COURT ROAD
General Information
Standard status
Pending
Size
2,248 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$652
Building Details
Year Built
2025
Buildings
1
Listing Agency:
CHARLES RUTENBERG REALTY ORLANDO
(407) 790-1649
Listed By:
Paulo Silva · License #3294480
(407) 790-1649
Source:
Exitrealty
Added: Mar 14, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:24PM
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 CHARLES RUTENBERG REALTY ORLANDO
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two residential units designed with open-concept living areas and contemporary interior finishes. Each unit offers 3 bedrooms and 2 bathrooms, along with luxury vinyl plank flooring, granite countertops, stainless steel appliances, and approximately 1,200 sq. ft. of living space.
The property is located on SW 34th Court Road in Ocala's Marion Oaks community. The surrounding area provides access to major highways, shopping, dining, and schools. The property also has no HOA, adding flexibility for residents and owners.
The property is located on SW 34th Court Road in Ocala's Marion Oaks community. The surrounding area provides access to major highways, shopping, dining, and schools. The property also has no HOA, adding flexibility for residents and owners.
Key Highlights
- 2025‑built duplex with two residential units
- Each unit includes 3 bedrooms and 2 bathrooms
- Each unit offers approximately 1,200 sq. ft. of living space
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
$32,670
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
7.10%
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%
$653,400
$653.4K
Cap Rate 7%
$466,714
$466.7K
Cap Rate 9%
$363,000
$363.0K
Market Conditions
NOI Build-Up for 2,248 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
$63.4K $28.20/SF
− Vacancy
−$4.0K −$1.78/SF
EGI
$59.4K $26.42/SF
− OpEx
−$26.7K −$11.89/SF
NOI
$32.7K $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%
$653,400
Cap Rate 7%
$466,714
Cap Rate 9%
$363,000
Alternative Uses
Best Use
Apartment 5plus
$466.7K
$408.4K – $544.5K
NOI $32,670 @ 7.0% cap · market cap 7.10%
Second Best
Multifamily LT 5
$464.1K
$406.1K – $541.5K
NOI $32,490 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,930 @ 7.0% cap · market cap 18.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
22
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 - Two residential units feature open-concept interiors, contemporary finishes, and separate three-bedroom, two-bathroom layouts.
Where is this duplex located?
The property is located at 15801 SW 34TH COURT ROAD Ocala, FL.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 2025‑built duplex with two residential units; Each unit includes 3 bedrooms and 2 bathrooms; Each unit offers approximately 1,200 sq. ft. of living space
