Duplex with Open
For Sale
$420,000
15885 SW 35TH COURT Road, Ocala, FL 34473
Residential, OCALA, FL
Property Size2,402 SF
Lot Size0.26 Acres
Price / SF$174.85
Days on Market200
Property Features for 15885 SW 35TH COURT Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RPUD
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 6, Dining Room, Bedroom 5, Bedroom 4, Family Room, Bathroom 3, Bathroom 2, Bedroom 3
Patio and Porch features
Porch, Patio
Pets allowed
Yes
Interior features
Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Wood Cabinets, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
Exterior features
Garden, Lighting, Sidewalk
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
MARION OAKS UN 05
Elementary school
Horizon Academy/Mar Oaks
Middle school
Horizon Academy/Mar Oaks
High school
Belleview High School
Directions
Head north Use the left lane to take the ramp to SW Hwy 484 Turn left onto SW Hwy 484 Pass by Subway (on the right) Turn left onto Marion Oaks Blvd Turn right onto Marion Oaks Manor Turn left onto SW 35th Court Rd Destination will be on the left
Standard status
Active
APN
8005-0850-10
Size
2,402 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 23 TWP 17 RGE 21 PLAT BOOK O PAGE 081 MARION OAKS UNIT 5 BLK 850 LOT 10
Tax Annual Amount
840
Legal Description
SEC 23 TWP 17 RGE 21 PLAT BOOK O PAGE 081 MARION OAKS UNIT 5 BLK 850 LOT 10
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
WRA BUSINESS & REAL ESTATE
(407) 512-1008
Listed By:
Daniel Pavel · License #3415625
(407) 747-3408
Added: Feb 18
Changed: Sep 4
Last Checked: Sep 6 at 8:06AM
MLS# O6384090
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex is under construction in Ocala and includes 2,402 square feet on a 0.26-acre parcel. The ranch-style property contains two residential units, with each offering three bedrooms and two full bathrooms. Interior plans include open-concept living and dining areas, kitchen and family room combinations, walk-in closets, stone counters, solid wood cabinets, and window treatments. Central heating and central air serve the property, while patios and porches provide additional outdoor areas.
The property is located at 15885 SW 35TH COURT Road in Ocala, within the 34473 postal area. Public water and public sewer are identified, with water available to the property. RPUD zoning applies, and the property has no HOA or CDD fees. Stainless-steel kitchen appliances include a refrigerator, range, microwave, and dishwasher; washers and dryers are also listed among the appliances.
The property is located at 15885 SW 35TH COURT Road in Ocala, within the 34473 postal area. Public water and public sewer are identified, with water available to the property. RPUD zoning applies, and the property has no HOA or CDD fees. Stainless-steel kitchen appliances include a refrigerator, range, microwave, and dishwasher; washers and dryers are also listed among the appliances.
Key Highlights
- Two‑unit duplex with three bedrooms and two full bathrooms per unit
- 2,402 square feet on a 0.26‑acre parcel
- RPUD zoning with no HOA or CDD fees
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
$34,908
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
8.31%
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%
$698,160
$698.2K
Cap Rate 7%
$498,686
$498.7K
Cap Rate 9%
$387,867
$387.9K
Market Conditions
NOI Build-Up for 2,402 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
$67.7K $28.20/SF
− Vacancy
−$4.3K −$1.78/SF
EGI
$63.5K $26.42/SF
− OpEx
−$28.6K −$11.89/SF
NOI
$34.9K $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%
$698,160
Cap Rate 7%
$498,686
Cap Rate 9%
$387,867
Alternative Uses
Best Use
Apartment 5plus
$498.7K
$436.4K – $581.8K
NOI $34,908 @ 7.0% cap · market cap 8.31%
Second Best
Multifamily LT 5
$495.9K
$434.0K – $578.6K
NOI $34,716 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,817 @ 7.0% cap · market cap 21.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
24
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units feature open-concept layouts, stainless-steel kitchen appliances, and primary bedrooms on the main floor.
Where is this duplex located?
The property is located at 15885 SW 35TH COURT Road Ocala, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two‑unit duplex with three bedrooms and two full bathrooms per unit; 2,402 square feet on a 0.26‑acre parcel; RPUD zoning with no HOA or CDD fees
