Retail Space with Enclosed
2506 N MAGNOLIA Avenue, Ocala, FL 34475
For Sale
$270,000
Commercial Sale, OCALA, FL
Property Size1,931 SF
Lot Size0.48 Acres
Price / SF$139.82
Days on Market48
Property Features for 2506 N MAGNOLIA Avenue
General Information
Property type
Property subtype
Zoning
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Amenities
enclosed garage
bathroom
office spaces
storage spaces
Building Details
Year built
Floors in Building
Building materials
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Nicole Garcia · License #3436387
(352) 229-3031
Added: Sep 21
Changed: Oct 16
Last Checked: Nov 7 at 9:06AM
MLS# OM732622
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.
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Investment Insights
Based on property information with market context.
This retail property occupies .48 acres and contains 1931 square feet of block construction built in 1951. The interior includes an enclosed garage, one bathroom, multiple office and storage areas, and a room that may be converted back to kitchen use. Central air conditioning serves the building.
The property has frontage along Highway 441 and N. Magnolia, placing the building on a heavily traveled roadway. B4 zoning is in place, and the existing configuration includes features applicable to retail, automotive, restaurant, medical, sales, and storage concepts, subject to applicable approvals.
The property has frontage along Highway 441 and N. Magnolia, placing the building on a heavily traveled roadway. B4 zoning is in place, and the existing configuration includes features applicable to retail, automotive, restaurant, medical, sales, and storage concepts, subject to applicable approvals.
Key Highlights
- 1931‑square‑foot block building constructed in 1951
- .48‑acre property with frontage on Highway 441 and N. Magnolia
- Enclosed garage included with the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,151
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
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
Properties on Market for Retail space in Ocala
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - B4-zoned commercial property with access from two road frontages and a flexible interior layout.
Where is this retail space 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: 1931‑square‑foot block building constructed in 1951; .48‑acre property with frontage on Highway 441 and N. Magnolia; Enclosed garage included with the building
