Live-Work Property with Paint
For Sale
$550,000
236 NE 13TH, Ocala, FL 34470
Combined residence and automotive workspace support on-site living alongside vehicle-related operations.
Property Size1,404 SF
Days on Market48
Property Features for 236 NE 13TH
General Information
Standard status
Active
Size
1,404 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,624
Amenities
paint booth
foamed insulation
central air/heat
window A/C
Building Details
Building Size
1,404 SF
Year Built
1953
Listing Agency:
Ellison Realty, Inc.
Listed By:
Zell Hall · License #530791
(352) 812-4859
Source:
Elliman
Added: Sep 1
Changed: Oct 13
Last Checked: Oct 16 at 9:28AM
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 Ellison Realty, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This live-work property combines a rebuilt residential home with a separate office and automotive work area. The home provides three bedrooms and two bathrooms, with central air and heat. Its reconstruction included pressure-treated wood along with foam insulation in the walls and attic.
The office and work area includes window A/C and a professional certified paint booth sized to accommodate a pickup truck. The booth’s fire-suppression system has been brought up to code, supporting automotive repair and refinishing activity within the commercial portion of the property. The address is in Ocala, Florida, with a Bike Score of 59, Walk Score of 40, and Transit Score of 23.
The office and work area includes window A/C and a professional certified paint booth sized to accommodate a pickup truck. The booth’s fire-suppression system has been brought up to code, supporting automotive repair and refinishing activity within the commercial portion of the property. The address is in Ocala, Florida, with a Bike Score of 59, Walk Score of 40, and Transit Score of 23.
Key Highlights
- Three‑bedroom, two‑bathroom residential home
- Rebuilt home with pressure‑treated wood and foam insulation in walls and attic
- Separate office and automotive work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,308
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
806
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
Frequently Asked Questions
What type of property is this?
Live-work space - Combined residence and automotive workspace support on-site living alongside vehicle-related operations.
Where is this live-work space located?
The property is located at 236 NE 13TH 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: Three‑bedroom, two‑bathroom residential home; Rebuilt home with pressure‑treated wood and foam insulation in walls and attic; Separate office and automotive work area
