Three-Bedroom
New
For Sale
$399,999
1658 SW 108th Ln, Ocala, FL 34476
Updated duplex with a three-year rental history, newer roof, and open backyard.
Property Size2,160 SF
Price / SF$185.18
Days on Market3
Property Features for 1658 SW 108th Ln
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
backyard
Building Details
Year Built
2004
Buildings
1
Listing Agency:
Dalton Wade Inc
(888) 668-8283
Listed By:
Alan Atchley
(941) 556-9100
Source:
Atchleyrealty
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 10 at 6:00AM
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 Dalton Wade Inc
Investment Insights
Based on property information with market context.
Built in 2004, this 2,160-square-foot duplex offers three bedrooms and two bathrooms along with an open backyard. The property has been maintained through its rental use, with a roof installed approximately three years ago and a new air-conditioning system in Unit 1 installed in August 2026.
The property is located in Quail Run of Ocala at 1658 SW 108th Ln, Ocala, FL 34476. A three-year rental history provides established operating history, while the completed improvements and outdoor space add practical value for continued residential rental use.
The property is located in Quail Run of Ocala at 1658 SW 108th Ln, Ocala, FL 34476. A three-year rental history provides established operating history, while the completed improvements and outdoor space add practical value for continued residential rental use.
Key Highlights
- 2,160‑square‑foot duplex built in 2004
- Three bedrooms and two bathrooms
- Three‑year rental history
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
$31,391
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
7.85%
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%
$627,820
$627.8K
Cap Rate 7%
$448,443
$448.4K
Cap Rate 9%
$348,789
$348.8K
Market Conditions
NOI Build-Up for 2,160 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
$60.9K $28.20/SF
− Vacancy
−$3.8K −$1.78/SF
EGI
$57.1K $26.42/SF
− OpEx
−$25.7K −$11.89/SF
NOI
$31.4K $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%
$627,820
Cap Rate 7%
$448,443
Cap Rate 9%
$348,789
Alternative Uses
Best Use
Apartment 5plus
$448.4K
$392.4K – $523.2K
NOI $31,391 @ 7.0% cap · market cap 7.85%
Second Best
Multifamily LT 5
$446.0K
$390.2K – $520.3K
NOI $31,218 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,567 @ 7.0% cap · market cap 20.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
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Business Placement
Demographics for 34476, FL
26,522
Population
12,754
Households
2.1
Avg Household Size
58
Median Age
28%
College-Educated
94%
High-School Grad
34.6 sq mi
ZIP Area
767
Density / Sq Mi
$65,429
Median Household Income
$41,820
Median Earnings
$1,303
Median Rent
$260,300
Median Home Value
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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 - Updated duplex with a three-year rental history, newer roof, and open backyard.
Where is this duplex located?
The property is located at 1658 SW 108th Ln Ocala, FL.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 2,160‑square‑foot duplex built in 2004; Three bedrooms and two bathrooms; Three‑year rental history
