Retail Land with Fenced
For Sale
$3,499,000
3520 W Highway 326, Ocala, FL 34475
Zoned B-5 commercial site with a newly renovated, ADA-compliant 5,000 SF building and fenced, gated acreage.
Property Size5,700 SF
Lot Size3.96 Acres
Price / SF$613.86
Days on Market2281
Property Features for 3520 W Highway 326
General Information
Standard status
Active
Size
5,700 SF
Lot size
3.96 Acres
Zoning
B-5
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$5,462
Listing Agency:
VANDERBILT REALTY LLC
Listed By:
Dominic Pallini · License #NAPLES-249516612
(239) 977-3700
Source:
Exprealty
Added: Jul 1, 2020
Changed: Sep 10
Last Checked: Sep 26 at 12:30PM
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 VANDERBILT REALTY LLC
Investment Insights
Based on property information with market context.
The property is a commercial land site totaling approximately 3.96 acres, improved by a roughly 5,000 SF building. The building is described as newly renovated and includes ADA-compliant rest rooms. The acreage is fenced and gated and is noted as partially cleared, providing an adaptable configuration for a variety of retail-supporting uses.
The site is located about a half mile from I-75 at exit 358 and sits at a high-traffic intersection. The property also has approximately 600 feet of road frontage, supporting visibility and convenient access from the roadway.
Zoned B-5 with many permitted uses, this offering can be a practical fit for retailers or other operators seeking a combination of an existing, renovated building and fenced, open land for operational needs. The combination of frontage, intersection positioning, and ADA-compliant amenities may help accommodate customer-facing requirements for a range of tenant types, subject to applicable use approvals.
The site is located about a half mile from I-75 at exit 358 and sits at a high-traffic intersection. The property also has approximately 600 feet of road frontage, supporting visibility and convenient access from the roadway.
Zoned B-5 with many permitted uses, this offering can be a practical fit for retailers or other operators seeking a combination of an existing, renovated building and fenced, open land for operational needs. The combination of frontage, intersection positioning, and ADA-compliant amenities may help accommodate customer-facing requirements for a range of tenant types, subject to applicable use approvals.
Key Highlights
- 3.96‑acre opportunity zone property about 1/2 mile from I‑75 at exit 358
- Includes a newly renovated 5,000 SF building on‑site
- ADA‑compliant rest rooms recently renovated
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
$143,363
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
4.10%
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%
$2,867,260
$2.9M
Cap Rate 7%
$2,048,043
$2.0M
Cap Rate 9%
$1,592,922
$1.6M
Market Conditions
NOI Build-Up for 5,700 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
$211.4K $37.08/SF
− Vacancy
−$6.6K −$1.15/SF
EGI
$204.8K $35.93/SF
− OpEx
−$61.4K −$10.78/SF
NOI
$143.4K $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%
$2,867,260
Cap Rate 7%
$2,048,043
Cap Rate 9%
$1,592,922
Alternative Uses
Best Use
Retail
$2.05M
$1.79M – $2.39M
NOI $143,363 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,884 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Well-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Zoned B-5 commercial site with a newly renovated, ADA-compliant 5,000 SF building and fenced, gated acreage.
Where is this storefront property located?
The property is located at 3520 W Highway 326 Ocala, FL.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: 3.96‑acre opportunity zone property about 1/2 mile from I‑75 at exit 358; Includes a newly renovated 5,000 SF building on‑site; ADA‑compliant rest rooms recently renovated
