Ocala Area Adult Entertainment
For Sale
Contact for pricing
301 S Pine Ave, Ocala, FL 34471
Adult entertainment venue with full bar and ample parking.
Property Size5,500 SF
Lot Size1.32 Acres
Price / SF$727.27
Days on Market965
Property Features for 301 S Pine Ave
General Information
Standard status
Active
Size
5,500 SF
Lot size
1.32 Acres
Property subtype
Retail
Occupancy
100%
Building Details
Buildings
2
Tenancy
Single
Listing Agency:
Patricia Burnside Realty
(305) 595-9522
Listed By:
Julie Negovan · License #3449363
Source:
Crexi
Added: Dec 20, 2023
Changed: Aug 8
Last Checked: Aug 10 at 6:04AM
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 Patricia Burnside Realty
Investment Insights
Based on property information with market context.
This property is a premier destination for adult entertainment in the Ocala area. The space includes a full bar, a stage with poles, and a DJ booth. A 100-space parking lot is available on the 1.32-acre site. There are two buildings on the premises. The primary building is approximately 5500 square feet and is currently operating with partial nude entertainment. The second building, which is 2500 square feet, once operated as a gay club but is currently closed. The price includes the business name, goodwill, FF&E, and all licenses required for the operation of the business, including a 4-COP quota alcoholic beverage license.
Key Highlights
- Includes a 4‑COP quota alcoholic beverage license.
- Established business with name, goodwill, FF&E included.
- Operating 5500 sqft adult entertainment venue with stage, poles, DJ booth, and full bar.
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
$138,333
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
3.46%
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%
$2,766,660
$2.8M
Cap Rate 7%
$1,976,186
$2.0M
Cap Rate 9%
$1,537,033
$1.5M
Market Conditions
NOI Build-Up for 5,500 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
$203.9K $37.08/SF
− Vacancy
−$6.3K −$1.15/SF
EGI
$197.6K $35.93/SF
− OpEx
−$59.3K −$10.78/SF
NOI
$138.3K $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%
$2,766,660
Cap Rate 7%
$1,976,186
Cap Rate 9%
$1,537,033
Alternative Uses
Best Use
Retail
$1.98M
$1.73M – $2.31M
NOI $138,333 @ 7.0% cap · market cap 3.46%
Second Best
Specialty Retail
$951.9K
$832.9K – $1.11M
NOI $66,635 @ 7.0% cap · market cap 1.67%
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,239 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
799
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34471, FL
27,632
Population
12,071
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
93%
High-School Grad
19.8 sq mi
ZIP Area
1,396
Density / Sq Mi
$60,283
Median Household Income
$37,565
Median Earnings
$1,225
Median Rent
$292,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Night club - Adult entertainment venue with full bar and ample parking.
Where is this night club located?
The property is located at 301 S Pine Ave Ocala, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Includes a 4‑COP quota alcoholic beverage license.; Established business with name, goodwill, FF&E included.; Operating 5500 sqft adult entertainment venue with stage, poles, DJ booth, and full bar.
