Commercial Land with Existing
For Sale
$465,000
1921 NE 8th Road, Ocala, FL 34470
Two contiguous parcels combine an improved site with adjacent vacant land for expansion or redevelopment.
Property Size1,406 SF
Price / SF$330.73
Days on Market187
Property Features for 1921 NE 8th Road
General Information
Standard status
Active
Size
1,406 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
EXP REALTY LLC
Listed By:
Monica McDonald · License #3378363
(352) 250-8681
Source:
Realtygroupfl
Added: Apr 14
Changed: Oct 16
Last Checked: Oct 16 at 9:14AM
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 EXP REALTY LLC
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Investment Insights
Based on property information with market context.
This commercial land offering consists of two contiguous parcels totaling approximately 0.90± acres, with each parcel measuring approximately 0.45± acres. One parcel contains an existing residential structure built in 1950, while the adjoining parcel is vacant and can accommodate additional parking, expansion, new construction, or redevelopment. The property carries a B-4 zoning designation and includes approximately 289 feet of frontage along NW 8th Road.
Located at 1921 NE 8th Road in Ocala, the site is within the City of Ocala and is positioned near established residential neighborhoods and surrounding commercial development. The existing structure may be suitable for conversion to a professional office, daycare facility, medical practice, counseling center, boutique retail business, or another permitted commercial use.
Located at 1921 NE 8th Road in Ocala, the site is within the City of Ocala and is positioned near established residential neighborhoods and surrounding commercial development. The existing structure may be suitable for conversion to a professional office, daycare facility, medical practice, counseling center, boutique retail business, or another permitted commercial use.
Key Highlights
- Two contiguous parcels totaling approximately 0.90± acres
- Approximately 289 feet of frontage along NW 8th Road
- B‑4 zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,359
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,180
$727.2K
Cap Rate 7%
$519,414
$519.4K
Cap Rate 9%
$403,989
$404.0K
Market Conditions
NOI Build-Up for 1,406 SF
Gross rent
$52.8K $37.56/SF
− Vacancy
−$4.3K −$3.08/SF
EGI
$48.5K $34.48/SF
− OpEx
−$12.1K −$8.62/SF
NOI
$36.4K $25.86/SF
Area
Marion County, FL
Vacancy
8.20%
Lease Rate
$37.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,180
Cap Rate 7%
$519,414
Cap Rate 9%
$403,989
Alternative Uses
Best Use
Office B
$519.4K
$454.5K – $606.0K
NOI $36,359 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$767.8K
$671.8K – $895.8K
NOI $53,745 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
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 Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Two contiguous parcels combine an improved site with adjacent vacant land for expansion or redevelopment.
Where is this commercial land located?
The property is located at 1921 NE 8th Road Ocala, FL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Two contiguous parcels totaling approximately 0.90± acres; Approximately 289 feet of frontage along NW 8th Road; B‑4 zoning designation
