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    Ocala Ranch with Guest House Title is generated by Realmo AI

    2830 SE 31ST STREET, Ocala, FL 34471

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    For Sale
    $1,200,000

    Mediterranean, Farm - OCALA, FL

    Type:Farm
    Property size:
    3,304 SF
    Lot size:
    6.70 Acres
    Price / SF:
    $363/SF
    Added:
    Mar 12, 2025
    Days on Market:
    424
    Last Refresh:
    May 9 at 4:06 pm

    Property Features for 2830 SE 31ST STREET

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    A2
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Family Room, Kitchen, Laundry, Living Room
    Parking features
    Garage, Garage - Attached
    Pool private
    1
    Interior features
    Ceiling Fans(s), Dry Bar, Open Floorplan, Primarybedroom Upstairs, Solid Surface Counters, Solid Wood Cabinets, Stone Counters
    Exterior features
    Fencing, Balcony, French Doors, Lighting, Storage, Pool
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Dishwasher, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    29850-000-44
    Size
    3,304 SF
    Lot size
    6.70 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3411.44

    Utilities

    Heating system
    Central, Fireplace(s)
    Cooling system
    Central Air

    Building Details

    Year built
    1976
    Flooring type
    Carpet, Vinyl
    Building materials
    Block, Concrete, Frame
    Roof type
    Shingle
    Architectural style
    Mediterranean
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Heather Damron
    Heather Damron

    Listing agent Heather Damron License #3309649

    Listing office FLORIDA HOMES REALTY & MORTGAGE GVILLE 6216 NW 43rd Street, asdf, FL

    Listing date Mar 12, 2025

    MLS# GC529042 Listing URL

    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.

    HighLights

    • 6.7 acre property with A2 zoning, suitable for a small ranch in town.
    • Main house plus detached 1 bedroom/1 bathroom guest house.
    • Large commercial‑sized pool with waterfall and summer kitchen.
    • Working barn with stalls and fenced animal pens.
    • Completely renovated and updated with modern luxuries.
    • Close proximity to WEC (World Equestrian Center) and top‑rated schools.

    Overview

    This 6.7-acre ranch property, zoned A2, includes a renovated two-story home with 4 bedrooms and 3 bathrooms, plus a detached 1-bedroom, 1-bathroom guest house of 594 square feet. The main home features a downstairs in-law bedroom and bath, a large kitchen with a center island, double ovens, a pantry, plentiful counter space, a large window above the sink with views of the lovely park-like backyard setting, granite counters, two living rooms, formal dining room, informal dining bar, custom crown molding, high ceilings, upstairs to an office/game room, two guest bedrooms and baths, and a primary bedroom with stairs to the enchanting pool lanai area. The property also features a commercial-sized pool with a waterfall, a fisherman's dock, a summer kitchen, a tiled brick-effect patio area, a hot tub area, a fishpond/kiddie pool, and a storage building. The concrete block horse barn has several wood horse stalls, fenced and gated animal pens, and land for horse and other farm animal paddocks. The property includes a private paved driveway to the gated entry leading to ample parking and a two-car enclosed garage. Wrought iron gates welcome you into the private front courtyard, leading to double front doors opening into the main home's foyer, sunken living room, formal dining room, large family room with fireplace, doors to the enclosed sunroom. The property is located in Ocala, Florida, and offers proximity to schools.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    City Slickers Ranch Pet Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.098414
    Latitude
    29.154967

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    FAQs

    What type of property is this?
    Ranch - 6.7-acre ranch featuring a renovated home, guest house, and barn.
    Where is this ranch located?
    The property is located at 2830 SE 31ST STREET Ocala, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 6.7 acre property with A2 zoning, suitable for a small ranch in town.; Main house plus detached 1 bedroom/1 bathroom guest house.; **Large commercial‑sized pool with waterfall and summer kitchen.**
    (352) 258-0303
    We can help!
    Listing Contact
    Heather Damron
    Heather Damron
    Real Estate License ID: 3309649
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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