High-Clear Distribution
1600 NE 8th Rd, Ocala, FL 34470
For Sale
Contact for pricing
A freestanding industrial facility combines warehouse space with office and showroom areas, covered bay doors, and a mezzanine.
Property Size21,225 SF
Lot Size1.40 Acres
Price / SF$164.90
Days on Market12
Property Features for 1600 NE 8th Rd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Financials
Cap Rate
Opportunity Zone
Site & Location
Highway Access
Utilities to Site
Warehouse & Industrial
Clear Height
Drive-In Doors
Column Spacing
Sprinkler System
Additional Details
Tenant in Place
Property Use
Building Details
Year Built
Buildings
Building Size
Construction
Listing Agency:
William D. Besselieu
Listed By:
William D Besselieu · License FL #3068945
(813) 263-5854
Source:
Moodyscre
Added: Nov 1
Changed: Nov 9
Last Checked: Nov 10 at 8:36AM
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 William D. Besselieu
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Investment Insights
Based on property information with market context.
Built in 2000, this 21,225-square-foot freestanding industrial building has block construction to 8 feet and metal construction above. Warehouse clear height reaches 29 feet at the ridge and 27 feet at the eaves. Five covered bay doors include one drive-in door. Office and showroom space accounts for approximately 10% of the building, with a mezzanine above that area. The property is fully sprinklered and has insulated walls and ceilings. City of Ocala utilities serve the site, and the building has building-mounted signage. The 1.4-acre parcel is zoned M1 and includes approximately 25 parking spaces.
Located in Ocala, the property is a short drive from Interstate 75 and downtown. The reported traffic count is 8,000+ AADT. The building is fully leased to Gemaire Distributors, which has occupied the property since its original build-to-suit delivery and recently signed a long-term lease renewal. The reported cap rate is 5.2%.
Located in Ocala, the property is a short drive from Interstate 75 and downtown. The reported traffic count is 8,000+ AADT. The building is fully leased to Gemaire Distributors, which has occupied the property since its original build-to-suit delivery and recently signed a long-term lease renewal. The reported cap rate is 5.2%.
Key Highlights
- 21,225‑square‑foot industrial building on 1.4 acres
- 29‑foot ridge and 27‑foot eave clear heights
- Five covered bay doors, including one drive‑in door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$295,656
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,913,120
$5.9M
Cap Rate 7%
$4,223,657
$4.2M
Cap Rate 9%
$3,285,067
$3.3M
Market Conditions
NOI Build-Up for 21,225 SF
Gross rent
$364.2K $17.16/SF
− Vacancy
−$16.4K −$0.77/SF
EGI
$347.8K $16.39/SF
− OpEx
−$52.2K −$2.46/SF
NOI
$295.7K $13.93/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,913,120
Cap Rate 7%
$4,223,657
Cap Rate 9%
$3,285,067
Alternative Uses
Best Use
Warehouse
$4.22M
$3.70M – $4.93M
NOI $295,656 @ 7.0% cap · market cap 8.45%
Second Best
Industrial
$3.48M
$3.04M – $4.06M
NOI $243,482 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$11.59M
$10.14M – $13.52M
NOI $811,332 @ 7.0% cap · market cap 23.18%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Current Use
Lease Details
29 ft
Clear height
1
Drive-in doors
100%
Occupancy
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
770
Businesses Nearby
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Business Placement
Demographics for 34470, FL
20,483
Population
10,121
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
13.4 sq mi
ZIP Area
1,529
Density / Sq Mi
$49,592
Median Household Income
$36,957
Median Earnings
$1,124
Median Rent
$171,500
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Distribution center - A freestanding industrial facility combines warehouse space with office and showroom areas, covered bay doors, and a mezzanine.
Where is this distribution center located?
The property is located at 1600 NE 8th Rd Ocala, FL.
What is the asking price?
The asking price for this property is $3,499,900.
What are key features of this property?
This property features: 21,225‑square‑foot industrial building on 1.4 acres; 29‑foot ridge and 27‑foot eave clear heights; Five covered bay doors, including one drive‑in door
