Ocala Multifamily Investment
For Sale
$12,700,000
3821 SW 43RD Ct, Ocala, FL 34474
60-unit multifamily property in Ocala, near I-75 and attractions.
Property Size69,004 SF
Lot Size7.07 Acres
Days on Market173
Property Features for 3821 SW 43RD Ct
General Information
Standard status
Active
Size
69,004 SF
Lot size
7.07 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,468
Building Details
Building Size
69,004 SF
Year Built
2025
Units
60
Listing Agency:
SUNCOAST PROPERTY MANAGEMENT LLC
(904) 740-3789
Listed By:
KELLY LEIGH HICKS · License #3021641
Source:
Elliman
Added: Mar 11
Changed: Aug 27
Last Checked: Aug 29 at 10:05AM
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 SUNCOAST PROPERTY MANAGEMENT LLC
Investment Insights
Based on property information with market context.
Saddlewood is a multifamily property in Ocala, FL, featuring 60 units within four buildings. The units include luxury vinyl plank flooring, satin nickel door hardware, and 3 1/4-inch baseboards. Kitchens are equipped with soft-close cabinets, granite countertops, and stainless steel appliances. The property's exterior features attractive elevations, Low-E windows, and professional landscaping. There are 6 different floor units. Located near Interstate 75, the property provides access to Historic Downtown Ocala and the World Equestrian Center. It is also approximately an hour's drive from Walt Disney World Resort in Orlando and 45 minutes from the University of Florida in Gainesville. This property is intended as a real estate investment opportunity.
Key Highlights
- Strategic multifamily real estate investment opportunity in Ocala, FL with 60 modern units across four buildings.
- Exclusive in‑house financing option with investor rates as low as 3.75% (5.346% APR) with zero points on a 10‑year ARM.
- Completed and ready for a 2026 portfolio.
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
$1,002,826
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
7.90%
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%
$20,056,520
$20.1M
Cap Rate 7%
$14,326,086
$14.3M
Cap Rate 9%
$11,142,511
$11.1M
Market Conditions
NOI Build-Up for 69,004 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
$1.95M $28.20/SF
− Vacancy
−$122.6K −$1.78/SF
EGI
$1.82M $26.42/SF
− OpEx
−$820.5K −$11.89/SF
NOI
$1.00M $14.53/SF
Area
Marion County, FL
Vacancy
6.30%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
45.00%
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%
$20,056,520
Cap Rate 7%
$14,326,086
Cap Rate 9%
$11,142,511
Alternative Uses
Best Use
Apartment 5plus
$14.33M
$12.54M – $16.71M
NOI $1,002,826 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$37.68M
$32.97M – $43.96M
NOI $2,637,697 @ 7.0% cap · market cap 20.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 60-unit multifamily property in Ocala, near I-75 and attractions.
Where is this apartment building located?
The property is located at 3821 SW 43RD Ct Ocala, FL.
What is the asking price?
The asking price for this property is $12,700,000.
What are key features of this property?
This property features: Strategic multifamily real estate investment opportunity in Ocala, FL with 60 modern units across four buildings.; Exclusive in‑house financing option with investor rates as low as 3.75% (5.346% APR) with zero points on a 10‑year ARM.; Completed and ready for a 2026 portfolio.
