Fuel-Restricted Gas Station
For Sale
Contact for pricing
1931 SW 27th Ave, Ocala, FL 34471
Leased site with a fuel restriction, positioned for ground lease or BTS with convenient access and ample parking.
Property Size2,348 SF
Price / SF$681.43
Days on Market819
Property Features for 1931 SW 27th Ave
General Information
Standard status
Active
Size
2,348 SF
Property subtype
RETAIL
Listing Agency:
Lightle Beckner Robison, Inc.
(321) 722-0707
Listed By:
Jeffery T. Robison CCIM · License ##BK3113472
(321) 508-9462
Source:
Moodyscre
Added: Jun 20, 2024
Changed: Sep 8
Last Checked: Sep 15 at 5:11AM
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 Lightle Beckner Robison, Inc.
Investment Insights
Based on property information with market context.
This fuel-restricted gas station site is offered for ground lease or build-to-suit development. The property is currently leased with a stated fuel restriction, which should be considered when underwriting any future tenant plans.
The asset is located at 1931 SW 27th Ave, Ocala, FL 34471, and is described as having convenient access and ample parking for both customers and staff.
For parties evaluating a ground lease or BTS strategy, this property’s existing leased condition and fuel restriction are key factors for feasibility and timeline planning.
The asset is located at 1931 SW 27th Ave, Ocala, FL 34471, and is described as having convenient access and ample parking for both customers and staff.
For parties evaluating a ground lease or BTS strategy, this property’s existing leased condition and fuel restriction are key factors for feasibility and timeline planning.
Key Highlights
- Commercial property in Ocala, FL offered for ground lease or BTS
- Leased site with a fuel restriction
- Convenient access and ample parking
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
$59,055
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
3.69%
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%
$1,181,100
$1.2M
Cap Rate 7%
$843,643
$843.6K
Cap Rate 9%
$656,167
$656.2K
Market Conditions
NOI Build-Up for 2,348 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
$87.1K $37.08/SF
− Vacancy
−$2.7K −$1.15/SF
EGI
$84.4K $35.93/SF
− OpEx
−$25.3K −$10.78/SF
NOI
$59.1K $25.15/SF
Area
Marion County, FL
Vacancy
3.10%
Lease Rate
$37.08 /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%
$1,181,100
Cap Rate 7%
$843,643
Cap Rate 9%
$656,167
Alternative Uses
Best Use
Retail
$843.6K
$738.2K – $984.3K
NOI $59,055 @ 7.0% cap · market cap 3.69%
Second Best
Specialty Retail
$406.4K
$355.6K – $474.1K
NOI $28,447 @ 7.0% cap · market cap 1.78%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,753 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
945
Businesses Nearby
Explore this area
Business Placement
Demographics for 34471, FL
27,632
Population
12,071
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
93%
High-School Grad
19.8 sq mi
ZIP Area
1,396
Density / Sq Mi
$60,283
Median Household Income
$37,565
Median Earnings
$1,225
Median Rent
$292,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Gas station - Leased site with a fuel restriction, positioned for ground lease or BTS with convenient access and ample parking.
Where is this gas station located?
The property is located at 1931 SW 27th Ave Ocala, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Commercial property in Ocala, FL offered for ground lease or BTS; Leased site with a fuel restriction; Convenient access and ample parking
