Two-Unit Retail
For Sale
Contact for pricing
2626 N Magnolia Ave, Ocala, FL 34475
B-4 zoning supports retail, office, automotive-related retail, and other commercial uses.
Property Size2,619 SF
Lot Size0.41 Acres
Price / SF$286.37
Days on Market118
Property Features for 2626 N Magnolia Ave
General Information
Standard status
Active
Size
2,619 SF
Lot size
0.41 Acres
Property subtype
Retail, Office
Zoning
B-4
Investment Type
Owner/User
Building Details
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Gus Galloway Realty, Inc.
Listed By:
Nolan Galloway · License #BK3057213
(352) 572-9109
Source:
Crexi
Added: May 8
Changed: Sep 2
Last Checked: Aug 31 at 11:46PM
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.
Investment Insights
Based on property information with market context.
This 2,619 SF storefront property contains approximately ±2,400 SF of rentable space arranged as two retail units measuring approximately ±1,325 SF and ±1,075 SF. The configuration supports separate occupancy within a single commercial building and includes on-site parking. B-4 zoning accommodates a range of retail, office, automotive-related retail, and other commercial uses.
The property fronts US Hwy 301/441 along N Magnolia Ave in Ocala, providing direct exposure from a primary commercial corridor. Its location offers access to Downtown Ocala, US Hwy 27, and nearby residential and commercial development. The site encompasses approximately ±0.41 acres and includes frontage, signage potential, and parking serving the building.
The property fronts US Hwy 301/441 along N Magnolia Ave in Ocala, providing direct exposure from a primary commercial corridor. Its location offers access to Downtown Ocala, US Hwy 27, and nearby residential and commercial development. The site encompasses approximately ±0.41 acres and includes frontage, signage potential, and parking serving the building.
Key Highlights
- 2,619 SF building with approximately ±2,400 SF of rentable retail space
- Two units of approximately ±1,325 SF and ±1,075 SF
- Approximately ±0.41 acres with on‑site parking
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
$65,871
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
8.78%
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%
$1,317,420
$1.3M
Cap Rate 7%
$941,014
$941.0K
Cap Rate 9%
$731,900
$731.9K
Market Conditions
NOI Build-Up for 2,619 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
$97.1K $37.08/SF
− Vacancy
−$3.0K −$1.15/SF
EGI
$94.1K $35.93/SF
− OpEx
−$28.2K −$10.78/SF
NOI
$65.9K $25.15/SF
Area
Marion County, FL
Vacancy
3.10%
Lease Rate
$37.08 /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%
$1,317,420
Cap Rate 7%
$941,014
Cap Rate 9%
$731,900
Alternative Uses
Best Use
Retail
$941.0K
$823.4K – $1.10M
NOI $65,871 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,112 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
243
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - B-4 zoning supports retail, office, automotive-related retail, and other commercial uses.
Where is this storefront property located?
The property is located at 2626 N Magnolia Ave Ocala, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,619 SF building with approximately ±2,400 SF of rentable retail space; Two units of approximately ±1,325 SF and ±1,075 SF; Approximately ±0.41 acres with on‑site parking
