3-Unit
31 JUNIPER PASS, Ocala, FL 34480
For Sale
New
$585,000
The property includes a newer roof and air-conditioning units.
Property Size3,377 SF
Days on Market2
Property Features for 31 JUNIPER PASS
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Pixel Realty
Listed By:
Benjamin Larbus
(419) 231-0668
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 3:57PM
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 Pixel Realty
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Investment Insights
Based on property information with market context.
This three-unit residential income property was built in 2003 and occupies a parcel of nearly half an acre. The roof and air-conditioning units are newer.
Located in Ocala, the property has a Bike Score of 27, classified as somewhat bikeable, and a Walk Score of 15, classified as car-dependent.
Located in Ocala, the property has a Bike Score of 27, classified as somewhat bikeable, and a Walk Score of 15, classified as car-dependent.
Key Highlights
- Three‑unit residential property on nearly half an acre
- Newer roof and air‑conditioning units
- Built in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,078
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,560
$981.6K
Cap Rate 7%
$701,114
$701.1K
Cap Rate 9%
$545,311
$545.3K
Market Conditions
NOI Build-Up for 3,377 SF
Gross rent
$95.2K $28.20/SF
− Vacancy
−$6.0K −$1.78/SF
EGI
$89.2K $26.42/SF
− OpEx
−$40.2K −$11.89/SF
NOI
$49.1K $14.53/SF
Area
Marion County, FL
Vacancy
6.30%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$981,560
Cap Rate 7%
$701,114
Cap Rate 9%
$545,311
Alternative Uses
Best Use
Apartment 5plus
$701.1K
$613.5K – $818.0K
NOI $49,078 @ 7.0% cap · market cap 8.39%
Second Best
Multifamily LT 5
$697.2K
$610.1K – $813.5K
NOI $48,807 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,087 @ 7.0% cap · market cap 22.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
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Business Placement
Demographics for 34480, FL
21,709
Population
9,864
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
35.2 sq mi
ZIP Area
617
Density / Sq Mi
$75,334
Median Household Income
$40,953
Median Earnings
$1,238
Median Rent
$248,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The property includes a newer roof and air-conditioning units.
Where is this triplex located?
The property is located at 31 JUNIPER PASS Ocala, FL.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Three‑unit residential property on nearly half an acre; Newer roof and air‑conditioning units; Built in 2003
