Auto Shop with Paint
For Sale
$550,000
236 NE 13TH Place, Ocala, FL 34470
Commercial Sale, OCALA, FL
Property Size1,404 SF
Lot Size0.38 Acres
Price / SF$391.74
Days on Market69
Property Features for 236 NE 13TH Place
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1
Subdivision
FLORIDA CENTRAL LAND CO SUB
Directions
From Ocala north on NE Magnolia Ave. to NE 14th Street . Right to NE 3rd Ave. Right to NE 13th Pl. Property on SW corner.
Standard status
Active
APN
26280-000-00
Size
1,404 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 08 TWP 15 RGE 22 LOT 22.23.24 FLA CENT LAND CO SUB OF BK 1-2 ALLREDS SURVEY
Tax Annual Amount
1624
Legal Description
SEC 08 TWP 15 RGE 22 LOT 22.23.24 FLA CENT LAND CO SUB OF BK 1-2 ALLREDS SURVEY
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
certified paint booth
fire suppression system
window air conditioning
foam insulation
Building Details
Year built
1953
Floors in Building
1
Building materials
Vinyl Siding
Listing Agency:
COLDWELL BANKER ELLISON REALTY O · Coldwell Banker Real Estate
(352) 732-8350
Listed By:
Zell Hall · License #530791
(352) 812-4859
Added: Jun 18
Changed: Aug 24
Last Checked: Aug 25 at 5:06AM
MLS# OM726938
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 0.38-acre property combines a commercial automotive workshop with a residential home. The 1,404-square-foot property includes a three-bedroom, two-bathroom house rebuilt from the ground up with pressure-treated wood and foamed insulation in the walls and attic. The commercial area includes a mechanics shop and a professional certified paint booth sized for a pickup truck. Its fire-suppression system has been brought up to code.
The property also includes an office or work area with window A/C, central air, public water, and public sewer. The City of Ocala has allowed the residential home to remain alongside the office and workshop; if the house is removed, it cannot be rebuilt. M1 zoning supports the existing commercial setting. The layout may accommodate automotive work, furniture restoration, golf cart repair, or vehicle and boat storage, subject to applicable approvals.
The property also includes an office or work area with window A/C, central air, public water, and public sewer. The City of Ocala has allowed the residential home to remain alongside the office and workshop; if the house is removed, it cannot be rebuilt. M1 zoning supports the existing commercial setting. The layout may accommodate automotive work, furniture restoration, golf cart repair, or vehicle and boat storage, subject to applicable approvals.
Key Highlights
- 0.38‑acre property with a 1,404‑square‑foot commercial and residential configuration
- Professional certified paint booth accommodates a pickup truck
- Fire‑suppression system for the paint booth brought up to code
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
$36,308
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
6.60%
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%
$726,160
$726.2K
Cap Rate 7%
$518,686
$518.7K
Cap Rate 9%
$403,422
$403.4K
Market Conditions
NOI Build-Up for 1,404 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
$52.7K $37.56/SF
− Vacancy
−$4.3K −$3.08/SF
EGI
$48.4K $34.48/SF
− OpEx
−$12.1K −$8.62/SF
NOI
$36.3K $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%
$726,160
Cap Rate 7%
$518,686
Cap Rate 9%
$403,422
Alternative Uses
Best Use
Office B
$518.7K
$453.9K – $605.1K
NOI $36,308 @ 7.0% cap · market cap 6.60%
Second Best
Retail
$504.5K
$441.4K – $588.6K
NOI $35,313 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$766.7K
$670.9K – $894.5K
NOI $53,668 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
Well-served
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- ABC Body Shop — 825 N Magnolia Ave, Ocala, FL 34475
- Danny's Professional Auto Body — 507 n magnolia ave, ocala, fl 34475
- Brick City Transmission — 726 N Magnolia Ave, Ocala, FL 34475
- Mullins Automotive & Truck Service Center — 726 N Magnolia Ave, Ocala, FL 34475
- TLC Machine Shop — 603 N Magnolia Ave, Ocala, FL 34470
Frequently Asked Questions
What type of property is this?
Auto shop - Live-work property with a rebuilt three-bedroom home, commercial workshop, and M1 zoning.
Where is this auto shop located?
The property is located at 236 NE 13TH Place Ocala, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 0.38‑acre property with a 1,404‑square‑foot commercial and residential configuration; Professional certified paint booth accommodates a pickup truck; Fire‑suppression system for the paint booth brought up to code
