Versatile Warehouse with Office
For Sale
$525,000
2315 NE 8th Road, Ocala, FL 34470
Warehouse with offices, meeting room, breakroom on 1.21 acres.
Property Size3,040 SF
Lot Size1.21 Acres
Price / SF$172.70
Days on Market371
Property Features for 2315 NE 8th Road
General Information
Standard status
Active
Size
3,040 SF
Lot size
1.21 Acres
Property subtype
Commercial
Building Details
Year Built
1988
Listing Agency:
BRICKS & MORTAR REAL ESTATE
(352) 362-8888
Listed By:
Samuel Bryant,III · License #3093573
Source:
Realtygroupfl
Added: Aug 20, 2025
Changed: Aug 25
Last Checked: Aug 24 at 6:59AM
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 BRICKS & MORTAR REAL ESTATE
Investment Insights
Based on property information with market context.
This property features a versatile warehouse space exceeding 3000 square feet, complemented by three offices, a meeting or conference room, and a breakroom. The warehouse area benefits from partial climate control and includes roll-up bay doors. The property is situated on a 1.21-acre lot.
Key Highlights
- +3000 square foot warehouse space
- Includes 3 offices, a meeting/conference room, and a breakroom
- Partially climate‑controlled warehouse area
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
$42,346
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
8.07%
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%
$846,920
$846.9K
Cap Rate 7%
$604,943
$604.9K
Cap Rate 9%
$470,511
$470.5K
Market Conditions
NOI Build-Up for 3,040 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
$52.2K $17.16/SF
− Vacancy
−$2.3K −$0.77/SF
EGI
$49.8K $16.39/SF
− OpEx
−$7.5K −$2.46/SF
NOI
$42.3K $13.93/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
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%
$846,920
Cap Rate 7%
$604,943
Cap Rate 9%
$470,511
Alternative Uses
Best Use
Office B
$1.12M
$982.7K – $1.31M
NOI $78,615 @ 7.0% cap · market cap 14.97%
Second Best
Warehouse
$604.9K
$529.3K – $705.8K
NOI $42,346 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,205 @ 7.0% cap · market cap 22.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Balanced
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with offices, meeting room, breakroom on 1.21 acres.
Where is this warehouse located?
The property is located at 2315 NE 8th Road Ocala, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: +3000 square foot warehouse space; Includes 3 offices, a meeting/conference room, and a breakroom; Partially climate‑controlled warehouse area
