Dual-Building Auto Shop
For Sale
$1,350,000
3680 E SILVER SPRINGS Boulevard, Ocala, FL 34470
Commercial Sale, OCALA, FL
Property Size4,114 SF
Lot Size0.86 Acres
Price / SF$328.15
Days on Market92
Property Features for 3680 E SILVER SPRINGS Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B2A
Subdivision
OCALA SQUARE
Directions
off I75 - Silver Springs Blvd.
Standard status
Active
APN
2731-001-000
Size
4,114 SF
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 11 TWP 15 RGE 22 PLAT BOOK S PAGE 034 OCALA SQUARE LOT 1
Tax Annual Amount
6970
Legal Description
SEC 11 TWP 15 RGE 22 PLAT BOOK S PAGE 034 OCALA SQUARE LOT 1
Utilities
Cooling system
Wall/Window Unit(s), Window Unit(s)
Building Details
Year built
1984
Floors in Building
1
Building materials
Concrete
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Mauricio Gomez · License #SL3303809
(407) 272-7277
Added: Jun 12
Changed: Sep 9
Last Checked: Sep 11 at 5:06AM
MLS# O6416521
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This automotive property comprises two buildings on 0.86 acres along E Silver Springs Boulevard in Ocala. The primary 4,114-square-foot building is occupied by Take 5 Oil Change under a corporate-guaranteed NNN lease with 7 years remaining on the initial 15-year term. Built in 1984, the structure received a new roof in 2023 and fresh exterior paint.
The second freestanding building is configured for detailing, tinting, and tire-related services, following prior car wash and auto repair use. B2A zoning supports the property’s automotive-oriented profile. Site improvements include more than 13,900 SF of asphalt paving plus concrete areas that accommodate circulation, vehicle stacking, and parking. Window and wall/window unit cooling are installed, and the buildings use concrete construction.
The second freestanding building is configured for detailing, tinting, and tire-related services, following prior car wash and auto repair use. B2A zoning supports the property’s automotive-oriented profile. Site improvements include more than 13,900 SF of asphalt paving plus concrete areas that accommodate circulation, vehicle stacking, and parking. Window and wall/window unit cooling are installed, and the buildings use concrete construction.
Key Highlights
- Two‑building automotive property on 0.86 acres
- 4,114‑square‑foot primary building leased to Take 5 Oil Change
- Corporate‑guaranteed NNN lease with 7 years remaining on the initial 15‑year term
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
$103,473
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
7.66%
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%
$2,069,460
$2.1M
Cap Rate 7%
$1,478,186
$1.5M
Cap Rate 9%
$1,149,700
$1.1M
Market Conditions
NOI Build-Up for 4,114 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
$152.5K $37.08/SF
− Vacancy
−$4.7K −$1.15/SF
EGI
$147.8K $35.93/SF
− OpEx
−$44.3K −$10.78/SF
NOI
$103.5K $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%
$2,069,460
Cap Rate 7%
$1,478,186
Cap Rate 9%
$1,149,700
Alternative Uses
Best Use
Retail
$1.48M
$1.29M – $1.72M
NOI $103,473 @ 7.0% cap · market cap 7.66%
Second Best
Industrial
$674.2K
$589.9K – $786.6K
NOI $47,194 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,259 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34470, FL
20,483
Population
10,121
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
13.4 sq mi
ZIP Area
1,529
Density / Sq Mi
$49,592
Median Household Income
$36,957
Median Earnings
$1,124
Median Rent
$171,500
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
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Similar Off Market Nearby
- Apex Auto Glass 352 — 2929-2 NE 3rd St, Ocala, FL 34470
- Eastside Auto Repair and Exhaust — 625 NE 36th Ave, Ocala, FL 34470
- Auto Master Mobile — E Silver Springs Blvd, Ocala, FL 34470
- Darkside Mobile Tinting — 4023 NE 7th St, Ocala, FL 34470
- Gregg's Window Tinting — 3680 E Silver Springs Blvd, Ocala, FL 34470
Frequently Asked Questions
What type of property is this?
Auto shop - B2A-zoned automotive asset with corporate-backed NNN tenancy and a separately configured service building.
Where is this auto shop located?
The property is located at 3680 E SILVER SPRINGS Boulevard Ocala, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑building automotive property on 0.86 acres; 4,114‑square‑foot primary building leased to Take 5 Oil Change; Corporate‑guaranteed NNN lease with 7 years remaining on the initial 15‑year term
