Building Details

Year Built 2004

Listing Agency: GUS GALLOWAY REALTY INC Show Phone

Listed By: Nolan Galloway, III · License #3057213 Show Phone

Source: Dennisrealty

Added: Oct 27 Changed: Nov 1 Last Checked: Nov 1 at 6:00AM

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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 GUS GALLOWAY REALTY INC

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Investment Insights

Based on property information with market context.

This 5,000-square-foot flex unit, built in 2004, includes about 1,000 square feet of air-conditioned showroom and office space alongside warehouse area. An 18-foot eave height and two 10-by-12-foot grade-level overhead doors support drive-in access. The unit also has two restrooms with showers and is zoned M-1 (Light Industrial).

Within Ocala city limits, the property sits between SR 40 and US 27, with access to Interstate 75 and nearby commercial and industrial corridors.

Key Highlights

• 5,000 SF flex/warehouse unit built in 2004
• Approximately 1,000 SF of air‑conditioned showroom and office space
• 18' eave height

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,352

Suggested Prices Based on Cap Rates

Cap Rate 5%

$827,040 $827.0K

Cap Rate 7%

$590,743 $590.7K

Cap Rate 9%

$459,467 $459.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$69.0K $13.80/SF

− Vacancy

−$5.4K −$1.08/SF

EGI

$63.6K $12.72/SF

− OpEx

−$22.3K −$4.45/SF

NOI

$41.4K $8.27/SF

Area

Marion County, FL

Vacancy

7.80%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$827,040

Cap Rate 7%

$590,743

Cap Rate 9%

$459,467

Alternative Uses

Best Use

Warehouse

$995.0K

$870.6K – $1.16M (±1% cap)

NOI $69,648 @ 7.0% cap · market cap 46,432.00%

Second Best

Industrial

$819.4K

$717.0K – $956.0K (±1% cap)

NOI $57,357 @ 7.0% cap · market cap 38,238.00%

Theoretical Best

Office A

$2.73M

$2.39M – $3.19M (±1% cap)

NOI $191,126 @ 7.0% cap · market cap 127,417.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

1-800 Office Solutions Big Box & Wholesale Store Nexus Studio Ocala Film Production A V M Advanced ... (Bike/Boat/Book/etc) Store TIERONE Crossfit DBP Gym & Fitness Center

Suggested Use

Top Pick Dental Office Pharmacy Parking Lot & Garage HVAC Service Real Estate Agency Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Drive-in doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

461

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 34475, FL

14,780

Population

5,668

Households

2.6

Avg Household Size

38

Median Age

13%

College-Educated

84%

High-School Grad

27.8 sq mi

ZIP Area

532

Density / Sq Mi

$33,515

Median Household Income

$24,854

Median Earnings

$871

Median Rent

$170,300

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - M-1-zoned space combines warehouse capacity with air-conditioned showroom and office areas.

Where is this flex space located?

The property is located at 2500 NW 6TH STREET #105 Ocala, FL.

What are key features of this property?

This property features: 5,000 SF flex/warehouse unit built in 2004; Approximately 1,000 SF of air‑conditioned showroom and office space; 18' eave height