Retail Space with Enclosed
New
For Sale
$270,000
2506 N MAGNOLIA Avenue, Ocala, FL 34475
Commercial Sale, OCALA, FL
Property Size1,931 SF
Lot Size0.48 Acres
Price / SF$139.82
Days on Market1
Property Features for 2506 N MAGNOLIA Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B4
Subdivision
PINEFIELD
Directions
From W Silver Springs Blvd, turn left onto N Pine Ave, then right onto NW 24th St, left onto N Magnolia Ave, the property is on the left
Standard status
Active
APN
25336-000-00
Size
1,931 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax 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
Tax Annual Amount
2383
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
Utilities
Cooling system
Central Air
Amenities
enclosed garage
bathroom
office spaces
storage spaces
Building Details
Year built
1951
Floors in Building
1
Building materials
Block
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Nicole Garcia · License #3436387
(352) 229-3031
Added: Sep 21
Last Checked: Sep 21 at 10:06PM
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.
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 = 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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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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
