3617 NE 7TH STREET Ocala, FL 34470
High-visibility commercial property with redevelopment potential near Publix.
- Added:
- May 7, 2024
- Days on Market:
- 798
- Last Refresh:
- Apr 6 at 2:48 am
Property Features for 3617 NE 7TH STREET
General Information
- Standard status
- Active
- Size
- 3,679 SF
- Lot size
- 0.87 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1977
Listing office ROBERTS REAL ESTATE INC (352) 816-7026
Listing date May 7, 2024
Source Exitrealty
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 ROBERTS REAL ESTATE INC
Investment Insights
Based on property information with market context.
Key Highlights
- High‑visibility hard corner location at a lighted intersection.
- Located directly across the street from a Publix Shopping Center.
- Large .87 +/- acre lot.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.7k | $17.04 |
| − Vacancy | −$3.3k | −$0.89 |
| EGI | $59.4k | $16.15 |
| − OpEx | −$14.9k | −$4.04 |
| NOI | $44.6k | $12.12 |
