Automotive NNN Dual-Building
For Sale
$1,350,000
3680 Silver Springs Boulevard, Ocala, FL 34470
Two automotive buildings on a B2A site with a Take 5 Oil Change corporate-guaranteed NNN lease in place.
Property Size4,144 SF
Lot Size0.86 Acres
Price / SF$325.77
Days on Market63
Property Features for 3680 Silver Springs Boulevard
General Information
Standard status
Active
Size
4,144 SF
Lot size
0.86 Acres
Property subtype
Retail
Zoning
B2A
Taxes and HOA fees
Annual Taxes
$6,970
Amenities
Window/Wall Unit
3
Building Details
Year Built
1984
Tenancy
Single
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Mauricio Gomez · License #SL3303809
Source:
Xome
Added: Jun 10
Changed: Aug 11
Last Checked: Aug 11 at 5:04AM
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 dual-building automotive investment property includes a primary retail building and a second freestanding automotive-use structure on a paved, circulation-friendly site. Take 5 Oil Change occupies the primary building under a corporate-guaranteed NNN lease, with 7 years remaining on the initial 15-year term. The original building was built in 1984 and has been recently improved with a reroof completed in 2023 and fresh exterior paint. The second building is configured as a detailing, tinting, and tire shop-style facility, following conversion from a former car wash/auto repair setup.
The property is located along E Silver Springs Boulevard in Ocala, Florida, and is zoned B2A. The site includes substantial paved areas, with more than 13,900 SF of asphalt paving plus additional concrete improvements that support practical vehicle access, stacking, and parking for automotive operations.
For investors or owner-operators seeking an income-producing automotive asset with a corporate-guaranteed NNN tenant secured, the primary building offers an established occupancy structure with remaining lease term. The second building’s current detailing/tinting/tire shop configuration also provides a practical path to align the site with complementary automotive-related demand, supported by its existing improvements and dedicated site layout.
The property is located along E Silver Springs Boulevard in Ocala, Florida, and is zoned B2A. The site includes substantial paved areas, with more than 13,900 SF of asphalt paving plus additional concrete improvements that support practical vehicle access, stacking, and parking for automotive operations.
For investors or owner-operators seeking an income-producing automotive asset with a corporate-guaranteed NNN tenant secured, the primary building offers an established occupancy structure with remaining lease term. The second building’s current detailing/tinting/tire shop configuration also provides a practical path to align the site with complementary automotive-related demand, supported by its existing improvements and dedicated site layout.
Key Highlights
- Dual‑building automotive investment property on 0.86 acres along E Silver Springs Blvd in Ocala, FL
- Take 5 Oil Change corporate‑guaranteed NNN lease in place with 7 years remaining on the initial 15‑year term
- Primary building built in 1984 with reroof in 2023 and fresh exterior paint
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
$104,227
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
7.72%
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%
$2,084,540
$2.1M
Cap Rate 7%
$1,488,957
$1.5M
Cap Rate 9%
$1,158,078
$1.2M
Market Conditions
NOI Build-Up for 4,144 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
$153.7K $37.08/SF
− Vacancy
−$4.8K −$1.15/SF
EGI
$148.9K $35.93/SF
− OpEx
−$44.7K −$10.78/SF
NOI
$104.2K $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%
$2,084,540
Cap Rate 7%
$1,488,957
Cap Rate 9%
$1,158,078
Alternative Uses
Best Use
Retail
$1.49M
$1.30M – $1.74M
NOI $104,227 @ 7.0% cap · market cap 7.72%
Second Best
Industrial
$679.1K
$594.2K – $792.3K
NOI $47,538 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,406 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,438
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Auto Master Mobile — E Silver Springs Blvd, Ocala, FL 34470
- Gregg's Window Tinting — 3680 E Silver Springs Blvd, Ocala, FL 34470
- Apex Auto Glass 352 — 2929-2 NE 3rd St, Ocala, FL 34470
- Eastside Auto Repair and Exhaust — 625 NE 36th Ave, Ocala, FL 34470
- Darkside Mobile Tinting — 4023 NE 7th St, Ocala, FL 34470
Frequently Asked Questions
What type of property is this?
Auto shop - Two automotive buildings on a B2A site with a Take 5 Oil Change corporate-guaranteed NNN lease in place.
Where is this auto shop located?
The property is located at 3680 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: Dual‑building automotive investment property on 0.86 acres along E Silver Springs Blvd in Ocala, FL; Take 5 Oil Change corporate‑guaranteed NNN lease in place with 7 years remaining on the initial 15‑year term; Primary building built in 1984 with reroof in 2023 and fresh exterior paint
