Ocala Industrial Building on
For Sale
$1,799,950
1726 N MAGNOLIA Ave, Ocala, FL 34475
13,560 SF industrial building on 1.77 acres for sale.
Property Size13,560 SF
Lot Size1.77 Acres
Price / SF$132.74
Days on Market156
Property Features for 1726 N MAGNOLIA Ave
General Information
Standard status
Active
Size
13,560 SF
Lot size
1.77 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$15,168
Building Details
Building Size
13,560 SF
Year Built
1974
Stories
1
Listing Agency:
GUS GALLOWAY REALTY INC
(727) 207-8292
Listed By:
Charles White · License #3361501
(727) 207-8292
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:36AM
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 GUS GALLOWAY REALTY INC
Investment Insights
Based on property information with market context.
The property is a 13,560 square foot industrial building situated on 1.77 acres in Ocala’s North Magnolia Business District. It is zoned B-5 Heavy Business, supporting a range of uses such as logistics, manufacturing, storage, and service. The building features multiple roll-up doors and includes a mix of office and warehouse space. The property is fully fenced and gated. A new roof has been installed. The building is suitable for single or multi-tenant configurations and is offered either vacant or income-producing. It is located minutes from downtown Ocala and provides access to US-301, US-441, and I-75. This property is positioned as a turnkey opportunity within a growing commercial corridor. It is ideal for both investors and owner-users.
Key Highlights
- 13,560 SF industrial building on 1.77 acres
- Zoned B‑5 Heavy Business, supporting various uses
- Multiple roll‑up doors, office and warehouse space, and a fully fenced, gated yard
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
$155,553
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
8.64%
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%
$3,111,060
$3.1M
Cap Rate 7%
$2,222,186
$2.2M
Cap Rate 9%
$1,728,367
$1.7M
Market Conditions
NOI Build-Up for 13,560 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
$232.7K $17.16/SF
− Vacancy
−$10.5K −$0.77/SF
EGI
$222.2K $16.39/SF
− OpEx
−$66.7K −$4.92/SF
NOI
$155.6K $11.47/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
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%
$3,111,060
Cap Rate 7%
$2,222,186
Cap Rate 9%
$1,728,367
Alternative Uses
Best Use
Office B
$5.01M
$4.38M – $5.84M
NOI $350,662 @ 7.0% cap · market cap 19.48%
Second Best
Warehouse
$2.70M
$2.36M – $3.15M
NOI $188,886 @ 7.0% cap · market cap 10.49%
Theoretical Best
Office A
$7.40M
$6.48M – $8.64M
NOI $518,335 @ 7.0% cap · market cap 28.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,236
Businesses Nearby
Balanced
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 - 13,560 SF industrial building on 1.77 acres for sale.
Where is this flex space located?
The property is located at 1726 N MAGNOLIA Ave Ocala, FL.
What is the asking price?
The asking price for this property is $1,799,950.
What are key features of this property?
This property features: 13,560 SF industrial building on 1.77 acres; Zoned B‑5 Heavy Business, supporting various uses; Multiple roll‑up doors, office and warehouse space, and a fully fenced, gated yard
