Storefront Building with Enclosed
New
For Sale
$270,000
2506 N MAGNOLIA AVENUE, Ocala, FL 34475
Freestanding commercial building with dual-road access, adaptable interior space, and potential for retail, medical, restaurant, or automotive uses.
Property Size1,931 SF
Price / SF$139.82
Days on Market7
Property Features for 2506 N MAGNOLIA AVENUE
General Information
Standard status
Active
Size
1,931 SF
Property subtype
Retail
Amenities
0.48 acres
Additional parcels description:, Parcel Number: 25336-000-00, Public Survey Range: 22E, Public Survey Section: 06, Annual Amount: $2,383.45, Tax Book Number: D-087PINEFIE, Legal Description: SEC 06 TWP 15 RGE 22 PLAT BOOK D PAGE 087 PINEFIELD N 1/2 OF LOT 7 & ALL OF LOT 8 N 1/2 OF LOT 7 ALSO DESC AS: COM AT PT ON E BDRY, 37.5 FT N 32-41 W OF SE COR OF LOT 7, TH S 57-19 W 202.08 FT, TO PT ON W BDRY OF LOT 7, TH N 18-56 W 38.61 FT TH N 57- 19 E 192.90 FT, TH S 32-41 E 37.5 FT TO POB, Lot: 7, Year: 2025, Zoning: B4
Central Air
Listing ID: MFROM732622, Standard Status: Active, MLS Status: Active, Property Subtype: Retail, On market as of 2026-09-21, Special Conditions: None
Built in 1951, Living area: 1931, Living area units: Square Feet, Building faces West, 1 storey, Levels: One, Construction Materials: Block
Subdivision: PINEFIELD, MLS Area (Major): 34475 - Ocala, County/Parish: Marion
Slab
Close Of Escrow
Frontage Type: City Street, Highway, Road Surface: Paved
Building Details
Year Built
1951
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Nicole Garcia · License #3436387
(352) 789-6746
Source:
Miharaandassociates
Added: Sep 21
Changed: Sep 26
Last Checked: Sep 26 at 8:47AM
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 REAL BROKER, LLC
Investment Insights
Based on property information with market context.
This 1,931-square-foot storefront property sits on 0.48 acres and was built in 1951. The building includes an enclosed garage, one bathroom, multiple office and storage areas, and a room that can be converted back into a kitchen. Its prior retail configuration provides a commercial foundation for continued retail use or other stated applications, including auto repair, vehicle sales, restaurant, medical, and storage uses.
The property has frontage on both Highway 441 and N. Magnolia Avenue, providing access from two roads along a heavily traveled corridor. The combination of a flexible interior, enclosed garage, and dual-road position supports a range of commercial operating formats.
The property has frontage on both Highway 441 and N. Magnolia Avenue, providing access from two roads along a heavily traveled corridor. The combination of a flexible interior, enclosed garage, and dual-road position supports a range of commercial operating formats.
Key Highlights
- 1,931‑square‑foot commercial building on 0.48 acres
- Frontage on Highway 441 and N. Magnolia Avenue
- Enclosed garage included
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
$22,151
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
8.20%
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%
$443,020
$443.0K
Cap Rate 7%
$316,443
$316.4K
Cap Rate 9%
$246,122
$246.1K
Market Conditions
NOI Build-Up for 1,931 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
$33.1K $17.16/SF
− Vacancy
−$1.5K −$0.77/SF
EGI
$31.6K $16.39/SF
− OpEx
−$9.5K −$4.92/SF
NOI
$22.2K $11.47/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /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%
$443,020
Cap Rate 7%
$316,443
Cap Rate 9%
$246,122
Alternative Uses
Best Use
Retail
$693.8K
$607.1K – $809.5K
NOI $48,567 @ 7.0% cap · market cap 17.99%
Second Best
Industrial
$316.4K
$276.9K – $369.2K
NOI $22,151 @ 7.0% cap · market cap 8.20%
Theoretical Best
Office A
$1.05M
$922.7K – $1.23M
NOI $73,813 @ 7.0% cap · market cap 27.34%
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
312
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
Check the figures for this property
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?
Storefront property - Freestanding commercial building with dual-road access, adaptable interior space, and potential for retail, medical, restaurant, or automotive uses.
Where is this storefront property located?
The property is located at 2506 N MAGNOLIA AVENUE Ocala, FL.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1,931‑square‑foot commercial building on 0.48 acres; Frontage on Highway 441 and N. Magnolia Avenue; Enclosed garage included
