Flex Space With Ground-Level
For Sale
$749,000
3347 7th Street, Ocala, FL 34474
M-1 property combines conditioned workspace with secure, fenced vehicle parking.
Property Size4,240 SF
Price / SF$176.65
Days on Market16
Property Features for 3347 7th Street
General Information
Standard status
Active
Size
4,240 SF
Total Parking Spaces
18
Property subtype
Industrial
Zoning
M-1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Drive-In Doors
2
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$6,826
Amenities
reception area
private offices
conference room
guest restroom
employee lounge
staff restroom
solar system with battery backup
Central Air
3
Building Details
Year Built
1979
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Justin Gothard
Source:
Xome
Added: Jul 27
Changed: Aug 11
Last Checked: Aug 11 at 8:10AM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This 4,240-square-foot flex property pairs professional offices with a heated and cooled warehouse area. The office layout includes a reception area, four private offices, a conference room, guest restroom, employee lounge, and staff restroom. Warehouse access is provided by two 8-foot ground-loading overhead doors.
The fully fenced site accommodates approximately 18 vehicles and includes three-phase power. A 22,000-watt solar system with battery backup capability participates in the City of Ocala’s utility buyback program. The property is in Ocala’s State Road 40 Industrial Park, one mile from I-75, and carries M-1 zoning. Originally built in 1979, it offers a combination of office, warehouse, loading, parking, and power infrastructure within one industrial property.
The fully fenced site accommodates approximately 18 vehicles and includes three-phase power. A 22,000-watt solar system with battery backup capability participates in the City of Ocala’s utility buyback program. The property is in Ocala’s State Road 40 Industrial Park, one mile from I-75, and carries M-1 zoning. Originally built in 1979, it offers a combination of office, warehouse, loading, parking, and power infrastructure within one industrial property.
Key Highlights
- 4,240‑square‑foot flex property with office and heated/cooled warehouse space
- Two 8‑foot ground‑loading overhead doors
- Office layout includes four private offices, conference room, reception area, and two restrooms
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
$59,062
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
7.89%
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%
$1,181,240
$1.2M
Cap Rate 7%
$843,743
$843.7K
Cap Rate 9%
$656,244
$656.2K
Market Conditions
NOI Build-Up for 4,240 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
$72.8K $17.16/SF
− Vacancy
−$3.3K −$0.77/SF
EGI
$69.5K $16.39/SF
− OpEx
−$10.4K −$2.46/SF
NOI
$59.1K $13.93/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
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%
$1,181,240
Cap Rate 7%
$843,743
Cap Rate 9%
$656,244
Alternative Uses
Best Use
Office B
$1.57M
$1.37M – $1.83M
NOI $109,647 @ 7.0% cap · market cap 14.64%
Second Best
Warehouse
$843.7K
$738.3K – $984.4K
NOI $59,062 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,075 @ 7.0% cap · market cap 21.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34474, FL
17,781
Population
9,207
Households
1.9
Avg Household Size
41
Median Age
31%
College-Educated
93%
High-School Grad
21.0 sq mi
ZIP Area
847
Density / Sq Mi
$62,150
Median Household Income
$36,422
Median Earnings
$1,605
Median Rent
$177,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - M-1 property combines conditioned workspace with secure, fenced vehicle parking.
Where is this flex space located?
The property is located at 3347 7th Street Ocala, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 4,240‑square‑foot flex property with office and heated/cooled warehouse space; Two 8‑foot ground‑loading overhead doors; Office layout includes four private offices, conference room, reception area, and two restrooms
