Commercial Land with Existing
For Sale
$465,000
1921 NE 8TH Road, Ocala, FL 34470
Commercial Sale, OCALA, FL
Property Size1,070 SF
Lot Size0.45 Acres
Price / SF$434.58
Days on Market128
Property Features for 1921 NE 8TH Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B4
Subdivision
OAK CREST
Directions
Take 27th to 10th street Go east on 10th to 8th Make left to property 1921 NE 8th Rd.
Standard status
Active
APN
25867-000-00
Size
1,070 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 08 TWP 15 RGE 22 PLAT BOOK D PAGE 054 OAKCREST REVISED SUB BLK A LOTS 6.7.8.9.10.11
Tax Annual Amount
1890
Legal Description
SEC 08 TWP 15 RGE 22 PLAT BOOK D PAGE 054 OAKCREST REVISED SUB BLK A LOTS 6.7.8.9.10.11
Utilities
Utilities
Electricity Available
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Building materials
Vinyl Siding, Frame
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Monica McDonald · License #3378363
(352) 250-8681
Added: Apr 20
Changed: Aug 24
Last Checked: Aug 25 at 9:06AM
MLS# G5113813
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land offering includes two contiguous parcels, with one improved by a 1,070-square-foot structure and the other remaining vacant. The existing building dates to 1950 and features frame construction with vinyl siding, a shingle roof, central heating, and central air conditioning. Public water and electricity are available.
The property provides approximately 289 feet of frontage along NW 8th Road in Ocala. Its B4 zoning supports the commercial classification, while the combination of an existing building and adjoining vacant parcel creates multiple physical configurations for future planning. The vacant portion may accommodate additional parking, expansion, or new construction, subject to applicable approvals.
The property provides approximately 289 feet of frontage along NW 8th Road in Ocala. Its B4 zoning supports the commercial classification, while the combination of an existing building and adjoining vacant parcel creates multiple physical configurations for future planning. The vacant portion may accommodate additional parking, expansion, or new construction, subject to applicable approvals.
Key Highlights
- Two contiguous commercial parcels with one existing structure and one vacant parcel
- Approximately 289 feet of frontage along NW 8th Road
- B4 zoning designation
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
$27,670
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
5.95%
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%
$553,400
$553.4K
Cap Rate 7%
$395,286
$395.3K
Cap Rate 9%
$307,444
$307.4K
Market Conditions
NOI Build-Up for 1,070 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
$40.2K $37.56/SF
− Vacancy
−$3.3K −$3.08/SF
EGI
$36.9K $34.48/SF
− OpEx
−$9.2K −$8.62/SF
NOI
$27.7K $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 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%
$553,400
Cap Rate 7%
$395,286
Cap Rate 9%
$307,444
Alternative Uses
Best Use
Office B
$395.3K
$345.9K – $461.2K
NOI $27,670 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$584.3K
$511.3K – $681.7K
NOI $40,901 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - B4-zoned property combines an improved parcel with adjacent vacant land for commercial planning flexibility.
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 commercial parcels with one existing structure and one vacant parcel; Approximately 289 feet of frontage along NW 8th Road; B4 zoning designation
