Multi-Building Flex
For Sale
Contact for pricing
1706 N MAGNOLIA AVE ALL UNITS, Ocala, FL 34475
Three freestanding buildings offer grade-level bays and office/showroom space in B-4 zoned flex configuration.
Property Size10,985 SF
Price / SF$113.79
Days on Market67
Property Features for 1706 N MAGNOLIA AVE ALL UNITS
General Information
Standard status
Active
Size
10,985 SF
Property subtype
Retail
Zoning
B-4
Occupancy
50%
Lease Type
NNN
Net Operating Income
$60,000
Building Details
Year Built
1985
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Panther Capital Group
Listed By:
Amari Swift · License #SL3634486
Source:
Crexi
Added: Jun 8
Changed: Aug 8
Last Checked: Jun 20 at 7:09AM
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 Panther Capital Group
Investment Insights
Based on property information with market context.
1706 N Magnolia Ave is a multi-building flex retail/warehouse property totaling 10,985 SF on 0.95 acres, comprised of three freestanding buildings. Each unit is built to function as a combined office/showroom and warehouse space, with at least one grade-level bay door in every unit. This layout supports a range of commercial activity where customers, operations, and deliveries may share the same footprint.
The property is zoned B-4 (General Business) by the City of Ocala, which allows a broad mix of uses including retail, service, automotive, light industrial, and contractor-oriented uses. It features direct frontage on N Magnolia Ave and provides quick access to US Hwy 441/301 and US Hwy 27, placing tenants and owner-users along a primary commercial corridor with regional connectivity.
Three units are currently available, including Unit 102 at 1,020 SF with an office/showroom area plus 1,900 SF warehouse and a grade-level bay door; Unit 201 at 1,020 SF with grade-level bay door; and Unit 301 at 1,150 SF with grade-level bay door. The combination of flex configuration, grade-level loading, and B-4 flexibility makes the site suitable for investors seeking a multi-tenant setup or owner-users looking for a combined retail/service and storage workflow. The asking price is $1,250,000, approximately $114/SF.
The property is zoned B-4 (General Business) by the City of Ocala, which allows a broad mix of uses including retail, service, automotive, light industrial, and contractor-oriented uses. It features direct frontage on N Magnolia Ave and provides quick access to US Hwy 441/301 and US Hwy 27, placing tenants and owner-users along a primary commercial corridor with regional connectivity.
Three units are currently available, including Unit 102 at 1,020 SF with an office/showroom area plus 1,900 SF warehouse and a grade-level bay door; Unit 201 at 1,020 SF with grade-level bay door; and Unit 301 at 1,150 SF with grade-level bay door. The combination of flex configuration, grade-level loading, and B-4 flexibility makes the site suitable for investors seeking a multi-tenant setup or owner-users looking for a combined retail/service and storage workflow. The asking price is $1,250,000, approximately $114/SF.
Key Highlights
- 10,985 SF multi‑building flex retail/warehouse property on 0.95± acres in Ocala, FL
- Three freestanding buildings with office/showroom + warehouse space and at least one grade‑level bay door per unit
- B‑4 (General Business) zoning permits retail, service, automotive, light industrial, and contractor‑oriented uses
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
$90,850
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%
$1,817,000
$1.8M
Cap Rate 7%
$1,297,857
$1.3M
Cap Rate 9%
$1,009,444
$1.0M
Market Conditions
NOI Build-Up for 10,985 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
$151.6K $13.80/SF
− Vacancy
−$11.8K −$1.08/SF
EGI
$139.8K $12.72/SF
− OpEx
−$48.9K −$4.45/SF
NOI
$90.8K $8.27/SF
Area
Marion County, FL
Vacancy
7.80%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
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%
$1,817,000
Cap Rate 7%
$1,297,857
Cap Rate 9%
$1,009,444
Alternative Uses
Best Use
Office B
$4.06M
$3.55M – $4.73M
NOI $284,073 @ 7.0% cap · market cap 22.73%
Second Best
Warehouse
$2.19M
$1.91M – $2.55M
NOI $153,017 @ 7.0% cap · market cap 12.24%
Theoretical Best
Office A
$6.00M
$5.25M – $7.00M
NOI $419,905 @ 7.0% cap · market cap 33.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34475, FL
14,780
Population
5,668
Households
2.6
Avg Household Size
38
Median Age
13%
College-Educated
84%
High-School Grad
27.8 sq mi
ZIP Area
532
Density / Sq Mi
$33,515
Median Household Income
$24,854
Median Earnings
$871
Median Rent
$170,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Three freestanding buildings offer grade-level bays and office/showroom space in B-4 zoned flex configuration.
Where is this flex space located?
The property is located at 1706 N MAGNOLIA AVE ALL UNITS Ocala, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 10,985 SF multi‑building flex retail/warehouse property on 0.95± acres in Ocala, FL; Three freestanding buildings with office/showroom + warehouse space and at least one grade‑level bay door per unit; B‑4 (General Business) zoning permits retail, service, automotive, light industrial, and contractor‑oriented uses
